02/18/2020
Markaz achieved EPS of 15 fils in 2019 and Board of Directors recommended dividend of 10 fils per share
Recent series of regional MSCI upgrades highlights the GCC as an attractive financial market for global investors
Alternative Investments
02/18/2020
UAE's Orient Insurance gets green light for Saudi expansion
Sarran Mane Abu Saq has been appointed CEO of the company in Saudi Arabia
02/17/2020
UAE's commitment to women's empowerment has had an impact beyond the country's borders
100% of UAE's bilateral and multilateral foreign aid targets gender equality, says Her Excellency Hessa Buhumaid, UAE Minister of Community Development
02/17/2020
UAE- Aldar 2019 net profit surges 7pc to Dh1.98b
Mohamed Khalifa Al Mubarak, Chairman of Aldar, said Abu Dhabi's real estate market is benefitting from an economy that is transitioning to a global cultural, business and trade hub thanks to government investments and newly introduced pro-business po
02/17/2020
Mohammed bin Rashid receives World Bank President
The Vice President expressed the UAE’s appreciation for the World Bank’s efforts in promoting global economic growth as well as its efforts in eliminating poverty, promoting welfare, unlocking sustainable economic growth opportunities and inve
02/16/2020
UAE businessman calls for Israel to invest in his country
Ajami is the CEO of the Advanced Technology Investment Company and head of ventures for Abu Dhabi wealth fund Mubadala Investment Company.
02/16/2020
Shroff claims he’s still the developer of Dubai’s Marina 101 project
Indian businessman says he’s ready to complete project, but banks aren’t responding to him
02/14/2020
Investors oppose delisting of Dubai real estate fund amid property slump
The investors include the UAE's National Bonds, alternative investment firm Sancta Capital and Saudi insurer Tawuniya, as well as Emirati and Saudi family businesses, said one of the sources.
02/14/2020
SHUAA Capital reports first post-merger preliminary FY 2019 consolidated results
Strong financial performance in a transformational year
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.
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.