10/29/2020
After diamonds, Dubai's DMCC wants to add more precious stones to trade deal with Israel
This will consolidate Dubai's hub status in global precious commodities trade
Alternative Investments
10/28/2020
QInvest advises QTerminals on its acquisition of Akdeniz Port in Turkey
QInvest acts as financial advisor for QTerminals on its first cross-border acquisition
10/28/2020
Sharjah completes work on $4.6mln market projects
Work has been fully completed on a Friday Market, livestock market, and fish market at Batayeh in Sharjah
10/28/2020
Egypt's Madaar plans $955mln investments in Azha Ain Sokhna
The company plans to invest in establishing seven hotels in the project
10/28/2020
Nama Shared Services signs credit insurance system agreement with Credit Oman
The system will also contribute to the speed, efficiency and accuracy of underwriting mechanisms and risk management in order to provide integrated insurance solutions that will meet the current and future needs of Omani exporters and manufacturers.
10/28/2020
Barwa to develop new real estate projects from QR10bn land bank
Al Romaihi also expressed his optimism for the future of the real estate sector in Qatar, and reiterated the growing demand for ownership of properties including apartments, even among expatriates in Qatar.
10/27/2020
Bahrain's Investcorp bets on e-commerce growth with $280m US real estate deal
Investment firm acquires 32 industrial properties totalling 3.5 million square feet across four major US markets
10/27/2020
Oman's renewable energy gains momentum: BMI Market Research
The report added that renewable energy sources will spearhead the growth of the energy sector, buttressed by a lineup of tenders for more renewable energy projects.
10/27/2020
Oman's share index ends marginally lower
Industrial Index closed at 3,990.62 points, down 0.13 per cent.
10/27/2020
Dubai's Al Mal Capital secures approval for REIT IPO
Al Mal Capital REIT will be listed on Dubai Financial Market with target offer of $136mln
10/27/2020
Dubai developer Union Properties pays off $19mln of debt
Developer says payment is part of debt restructuring announced in August
10/26/2020
Dubai logistics sector is key focus of emirate's new $136m support package
Number of support measures for logistics firms are extended as Sheikh Hamdan unveils renewed support for Dubai's businesses
10/26/2020
Saudi Arabia's STC hires banks for IPO of subsidiary -sources
STC, Saudi Arabia’s largest telecoms operator, has appointed HSBC, Morgan Stanley and the investment banking arm of Saudi lender National Commercial Bank to advise on the sale
10/26/2020
EY: MENA finance leaders agree that accelerating digital transformation is key to implementing agile finance operating models
56% of MENA finance leaders prioritizing digital and automation capabilities
10/26/2020
Apex Appointed by Lorax Capital Partners for LCP Fund II
Apex’s experienced team will deliver a full suite of fund administration services to the LCP Fund II entities including investor reporting, accounting, corporate and compliance services.
10/26/2020
Commercial Bank of Dubai's Dh600m bond issue pulls in heavy institutional interest
Its 6% yield is lowest from any Dubai bank for Basel II compliant AT1 issue
10/26/2020
QFC virtually connects world’s financial hubs to Qatar’s buoyant market
The first day kicked off with two key webinars, including a ‘Getting to Know Qatar’ segment that introduced the high-level guests to Qatar’s bourgeoning business ecosystem and exhibited the country’s rising FinTech landscape with i
10/25/2020
UAE merges insurance authority with central bank
The decision also transfers all operational and executive powers of the Securities and Commodities Authority to the local stock markets.
10/23/2020
QSE witnesses strong buying interests from domestic, foreign and Gulf funds
Market capitalisation saw about QR6bn, or 0.97%, decrease to QR587.99bn, mainly owing to mid and microcap segments.
10/23/2020
The slow rise of neobanking in the Middle East
Neobanks are wholly digital, with no physical presence and are independent from the traditional banks.