02/14/2020
Ithmaar Holding reports profits for the year
EPS for the year ended 31 December 2019 improved to US Cents 0.02, compared to negative US Cents 0.82 for 2018.
Alternative Investments
02/14/2020
Dubai's Union Properties posts net losses of $59.5m
Dubai developer blames bank financing costs and a 'stagnation' in the real estate sector for 2019 performance
02/13/2020
Saudi Arabia vs. Dubai Could be the Gulf’s New Business Rivalry
Crown Prince Mohammed bin Salman is trying to reshape the kingdom into the new place to do business.
02/13/2020
Saudi Wealth Fund Aims for More Than 1,000 Employees By Year End
The PIF has invested in companies such as Tesla Inc. and Uber Technologies Inc. and made a $45 billion commitment to SoftBank Group Corp.’s Vision Fund.
02/13/2020
Saudi Arabia reportedly set to invest $30bn in Bangladesh
“Saudi investors are ready to invest any amount in Bangladesh but it depends on how much the country can consume,” he said.
02/13/2020
Investors oppose delisting of Dubai real estate fund amid property slump
Dubai real estate investment trust ENBD REIT is facing opposition to going private from some shareholders who fear the move could further erode its value, two sources said.
02/13/2020
67 listed companies on UAE's financial markets report $20.57bln in profits during 2019
Fifteen national banks registered $12.75bln in 2019
02/12/2020
Future Market Insights Expands Middle East Operations, Opens Dubai Office
On its fifth anniversary, the company has unveiled a strategy centered around new collaborations, expanding regional focus, and advancing technology and real-time interactions
02/12/2020
Dubai's Shuaa Capital completes deal to sell market-making business
Shuaa says it has sold its market-making unit in all-cash deal to Al Ramz Corporation Investment & Development
02/12/2020
UAE investment firm buys 1,352 homes, offices in $272m deal
Sheikh Mansour-owned Emirates Strategic Investments Company acquires two mixed-use properties in the UAE
02/12/2020
Kardashian pal raises eyebrows brokering access to Saudi fund-WSJ
Carla DiBello has a close relationship with Saudi sovereign wealth fund chief Yasir Al-Rumayyan, sources tell WSJ.
02/11/2020
Dubai's luxurious QE2 offers trade licenses, intelligent workspaces
KIKLABB will provide its services for international companies, SMEs, start-ups, investors, and entrepreneurs
02/11/2020
Bahrain's Bank ABC reports profit drop as costs and credit losses climb
Efforts aimed at digital transformation drove costs 11 per cent higher last year amid fourth-quarter launch of mobile-only 'ila Bank'
02/11/2020
Al Salam Bank-Bahrain offers exclusive property financing for Saraya Al Reem 3 villas
The three- and four-bedroom luxury villas in Saar are ready to move into
02/10/2020
Bahrain's GFH acquires US hospitality portfolio for $250mln
The transaction has been undertaken in a joint venture with Arbor
02/10/2020
Dubai DFM's net profit falls by 4%; $54mln cash dividend proposed
Net profit reaches $32.8mln in 2019 on the back of low trading values
02/06/2020
ADNOC Logistics testing biofuel to reduce fuel consumption
The move forms part of the company's ambitious climate-protection goals
02/06/2020
Dubai Investments posts $179mln profit in 2019
Dubai-based group said that 2018 profit included a one-off gain on merger and acquisition transaction
02/06/2020
UAE businesses optimistic about resilient economy
The Expo itself is expected to bring in international visitors that will boost tourism, hospitality and retail
02/06/2020
Developing a first-of-its-kind mangrove park for UAE
This experience is further enhanced by a series of attractions, including kayak launch points, floating pontoons, expansive net-structures that allow children to get their feet wet, stepping pads and seating nodes with educational signage