08/09/2020
Saudi Aramco's Profit Plunges 73.4%, Deepening Budget Crisis
The world’s biggest oil exporter said the rapid spread of COVID-19 globally had significantly reduced demand for crude oil, natural gas and petroleum products
Alternative Investments
08/07/2020
Insurance, industrials, banking shares help QSE top 9,400 level
The insurance index soared 1.95%, industrials (1.83%), banks and financial services (1.07%), consumer goods and services (0.54%) and realty (0.09%); while transport and telecom declined 1.06% and 0.72% respectively.
08/07/2020
Investcorp swings to full-year loss amid pandemic but eyes $50bn in assets
The company reported a net loss of $165m for the 12 months ending June 30
08/07/2020
R.J. O'Brien acquires Global Interdealer Broker Lombard Forte Securities
Purchase of Dubai-Based Entity Reflects Strategic Expansion, Bringing New Product Breadth, Emerging Markets Expertise to Futures Firm
08/06/2020
Saudi SAMBA posts 2.1% rise in Q2 profit on debt gains, fee income
Net income from special commissions and financing & investments -- the closest measure to interest income - dropped 13.5% in the quarter
08/06/2020
Waha Capital lowers net losses in H1-20
The company's revenues from the sale of goods and services declined
08/06/2020
Emirates REIT hires Houlihan Lokey for strategic review
As part the review, all directors and employees of its manager Equitativa and Emirates REIT will be permitted to buy shares of the company, it said in a bourse filing
08/06/2020
It’s always about the oil in the Middle East
Confused by regional dynamics? Look to the constants.
08/06/2020
Bahrain's Investcorp records $165m loss for 2019-20 financial year
Fee- and asset-based income go through significant declines as recession bites deep
08/05/2020
Dubai attracted Dh12b in foreign direct investments in first-half 2020
There is a drop from 2019's Dh46b, but economy shows resilience against pandemic
08/05/2020
Dubai landlord lists 400 properties on Urban platform
Homes at Dubai Wharf, Shorooq now open for virtual tours and leasing
08/05/2020
First Abu Dhabi Bank sells 3.6 bln Chinese yuan 5-yr Formosa bonds
Formosa bonds are sold in Taiwan by foreign borrowers and are denominated in currencies other than the Taiwanese dollar.
08/05/2020
Trade Bank of Iraq rises up the ranks in banker magazine's top 1,000 world banks 2020
The Banker is the world's premier banking and finance resource, providing global financial intelligence since 1926
08/05/2020
Why South Florida Properties Keep Attracting Mideast Investors
There is a significant number of foreign investors coming from the whole Middle East and its neighbouring region such as South Asia, including but not limited to UAE, Qatar, Turkey and India.
08/05/2020
FTI Consulting launches ESG Compass to evaluate, inform and improve corporate sustainability performance
Confluence of events is accelerating the need for companies to assess and strengthen existing ESG efforts against peers and stakeholder and policy expectations in global and European market
08/04/2020
The move is aimed to limit risks from property slump
The United Arab Emirates is cracking down on the misuse of home loans to prevent risky borrowing as an ongoing property slump weighs on banks.
08/04/2020
Dubai records 190 FDI deals worth $3.3bln
Dubai had attracted $12.7 billion in foreign investments in H1 2019
08/04/2020
ValuStrat: UAE real estate market ‘shaken’ by the Coronavirus pandemic
Home sales transactions fell by almost 50% between the first two quarters of the year, reveals new real estate report by consulting firm
08/03/2020
Dubai developers keen to deliver projects ahead of Expo
Emirate's property sector proves resilience during coronavirus period, completing 30% of 45,720 units in H1
08/03/2020
DMCC cuts business set-up fees by 50% for diamond companies
The reduction is effective immediately and valid until 30 September