07/01/2020
Saudi insurance firms to benefit from fewer claims, but challenges ahead
Firms expected to report solid underwriting results for first half of 2020 - S&P
Alternative Investments
07/01/2020
Edita subsidiary obtains $8.2mln from Arab Bank
Loan will be used to finance the construction of an Edita factory in Morocco
07/01/2020
Dubai World Fulfils Obligations to Creditors Totalling USD 18.9 Billion
Repays Final Tranche 2 Years Ahead of Schedule
07/01/2020
Dubai GDP records 3.5% decline in first three months
But economy was still able to show ample resilience to COVID-19's worst effects
06/30/2020
Saudi’s Islamic Development Bank lists $1.5bn sustainability sukuk on Nasdaq Dubai
The AAA-rated sustainability sukuk is the first Covid-19 related sukuk in the global capital markets
06/30/2020
Qatar participates in 20th meeting of GCC Committee of Capital Markets Authorities
The 20th meeting also reviewed and exchanged views on the latest developments in the GCC capital markets.
06/30/2020
Saudi net foreign assets rise for first time since January
The stockpile climbed by about SAR3bn ($800m) to reach $445bn
06/30/2020
APICORP issues $750mln five-year bond
The issuance is part of APICORP's $3bln GMTN program
06/30/2020
Japan's SMFG brokerage arm to set up office in Abu Dhabi
Japanese brokerage firms are focusing more on their overseas strategies and are looking abroad to raise revenue
06/30/2020
Emirates NBD hires banks for perpetual dollar bonds -document
The bank has hired Emirates NBD Capital, HSBC and Standard Chartered to coordinate the potential deal, with Bank of America, Citi, and First Abu Dhabi Bank also involved
06/29/2020
The hunt for yield is harder for investors but opportunities still exist
While generating income from your portfolio is a challenge during Covid-19, you can earn a decent return if you know where to look
06/29/2020
DGCX, Albilad partner to provide pricing data for ETF
The DGCX’s Shari’ah Compliant Spot Gold contract, which provides pricing data to Al Bilad’s gold-backed ETF, was launched in 2018 and is the GCC’s first and the world’s only Shari’ah Compliant Spot Gold Contract.
06/29/2020
Gold on track for its best quarter since 2016, flirting with key US$1,800 an ounce level amid coronavirus, other uncertainties
During the current the coronavirus pandemic and in prior crises, gold has been an effective diversifier and risk reducer in balanced, growth or equity oriented portfolios.
06/29/2020
Azizi Developments sees Dubai property sector recovering in early 2021
The company plans to start four new projects and aims to raise $300m through sukuk
06/29/2020
Dubai’s Emirates Islamic offers incentives to UAE healthcare professionals
The bank is offering the Skywards Infinite Card, Etihad Guest Premium Credit Card, and the free for life Cashback Plus Visa Signature Credit Card and RTA Credit Card to healthcare professionals
06/26/2020
UAE firm opens window for NRIs to buy digital gold asset
As currency enters the Gulf, Middle East, Africa and India markets
06/26/2020
Turkey’s emerging market status may face downgrade
Goldman Sachs said this boost from Qatar could only cover up to one third of Turkey’s foreign exchange funding gap this year.
06/26/2020
Record $15.4bn in gold purchased by exchange traded products in Q1: Invesco
We show you our most important and recent visitors news details Record $15.4bn in gold purchased by exchange traded products in Q1: Invesco in the following article
06/25/2020
Dubai Gold and Commodities Exchange to launch currency rolling futures contracts in July
New perpetual contracts offer greater access for traders to global currency markets
06/25/2020
Egypt- EFG Hermes, TSFE starts due diligence on aiBank to buy majority stake
'The partnership with EFG Hermes comes as part of the Fund's strategy to cooperate with Egypt's private sector to invest in promising sectors and in particular financial services and FinTech.'