08/25/2020
Amlak Finance sells 1.13mln shares
The sale process was executed through ENBD Securities
Alternative Investments
08/25/2020
Can Saudi Aramco keep its pledge to investors in its 1.5% share sale IPO?
Aramco has 268bn barrels of crude reserves to flaunt and these long term prospects help keep doubters at bay.
08/25/2020
Abu Dhabi comes back to bond market with three-part dollar issue
Sources told Reuters last week that Abu Dhabi was in talks with banks for a new bond issuance, after having already raised $10 billion via debt issues this year to prop up its finances amid low oil prices and the coronavirus crisis.
08/25/2020
UAE- Noor Takaful, Ajman Bank enter strategic partnership
The partnership with Ajman Bank is a powerful combination of like-minded, ambitious businesses.
08/24/2020
Qatar First Bank completes $41mn acquisition of a Texas property
Varsity Brands acquired by QFB is a three story, 135,0000 square foot building, which currently serves as the headquarters for BSN sports
08/24/2020
Softmills aims to invest in 3 startups as COVID-19 creates opportunities in tech: Founder
We are conducting financing round for TCB to attract $7m in financing, says Mohamed Shaheen
08/24/2020
Bahrain's Ithmaar Holding reveals 43% drop in H1 profits
Half yearly profits have fallen to $7.40m as a result of Covid-19 economic impact
08/21/2020
Saudi wealth fund PIF launches real estate company Roshn
'Roshn' launched to tackle sustained demand for new housing supply in kingdom
08/21/2020
Eshraq Investments buys back 5m shares to give stock a boost
Abu Dhabi company also wants to reduce its real estate exposure and go big on tech
08/21/2020
Solid growth in manufacturing sector drives Qatar’s industrial production index up in June
Despite the lockdown and other safety measures put in place
08/21/2020
Saudi crude exports plunge in June to lowest on record
Saudi Arabia's crude oil exports in June fell to 4.98mln barrels per day (bpd) from 6.02mln bpd in May
08/21/2020
'Tough' months ahead for Dubai's property market: DAMAC CEO
Oversupply eases during coronavirus pandemic, as new project launches on hold
08/21/2020
QFC-based corporate banks’ net profits jump 9-fold; assets grow 34%
The QFC corporate banks represented 86.4% of the QFC banking sector with QR39.1bn in total assets; while the investment banks made up the remaining 13.6% with QR6.1bn in assets.
08/21/2020
Total assets of 18 listed national banks rise to AED3 trillion by end of June
In more detail, the total assets of 11 ADX-listed national banks amounted to AED1.643 trillion against AED1.575 trillion.
08/21/2020
Qatar- QSE declines on selling pressure from banking segment
Trade turnover and volumes were on the decline on the market, where the real estate and banking sectors together accounted for about 61% of the total trading volume.
08/20/2020
Manufacturing sector growth helps Qatar’s industrial production expand in June
The mining and quarrying index, which has a relative weight of 83.6%, saw a 1.2% shrinkage and month-on-month on account of 1.2% dip in the extraction of crude petroleum and natural gas but witnessed 7.6% growth in other mining and quarrying sectors.
08/20/2020
Weakening dollar boon for Dubai's property market: analysts
Inflow of foreign investments into the emirate's vital sector could pick up in the near future
08/20/2020
Saudi renewable sector to generate 750,000 jobs over the next 10 years
Saudi power sector is in the midst of significant developments
08/20/2020
Sales of ready-to-move villas in Dubai hit a record high in July
Buyers looking for bigger properties amid coronavirus pandemic
08/20/2020
UAE: National Banks’ Assets Soar to $816 Billion in H1 2020
In more detail, the total assets of 11 ADX-listed national banks amounted to AED1.643 trillion against AED1.575 trillion. In DFM, seven listed banks saw their total assets increasing from AED1.069 trillion to AED1.347 trillion.