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Alternative Investments

05/16/2020

QFC welcomes Credit Agricole CIB, Vakifbank to its platform

In line with its 2022 strategy announced last year, the QFC continues to aggressively pursue financial services as a key focus cluster, as well as the sports, media, and digital sectors.

05/15/2020

Egypt's Suez Canal Bank to sell entire stake in Midor

The 1.27% stake will be sold to Egyptian General Petroleum Corporation

05/15/2020

Dubai leads GCC stock market decline in early trade

Dubai bourse led the regional fall, losing 1.8 per cent to 1,886.5 points in the morning trade.

05/15/2020

EMEA emerging market banks face rising risks amid lockdown, oil shock - Fitch

86 out of 100 EMEA EM bank ratings reviewed had negative rating actions

05/15/2020

Turkey crunch would pack only weak punch for emerging markets

Reverberations this time might be of even lower magnitude, because investor positioning in emerging markets overall and Turkey in particular looks dramatically different from the summer of 2018.

05/14/2020

Dubai registered record property sales in Q1 2020

COVID-19 pandemic impacts all segments of the UAE property market

05/13/2020

Turkey to add $3bn to state banks’ capital over virus

Fresh capital will be used to help companies hard hit by the loss of business after lockdowns hampered manufacturing and retail industries.

05/13/2020

Société Générale joins EBRD in financing Izmir metro

The investment project is part of the joint work of Izmir and the EBRD to improve the urban environment and people’s lives in the city.

05/13/2020

UAE banks disclose Dh412 million exposure to Phoenix and associate firms

First Abu Dhabi Bank has Dh269 million exposure to agri-commodities trader

05/13/2020

Dubai does mortgages the 'e' way

This ensures number of visits to get registration done are reduced for property owners

05/13/2020

Lothian Pension Fund urged to divest from Bank Hapoalim

We’re naturally disappointed with these developments

05/12/2020

Mubadala begins marketing three-tranche dollar bonds - document

All three tranches will be listed on the London Stock Exchange and the Formosa tranche will also be listed on the Taipei Exchange.

05/12/2020

EBRD extends US$125 million in new funds to Turkey’s Enerjisa

EBRD funds will support the implementation of the company’s investment plans during the period of uncertainty.

05/10/2020

Bahrain Clear inks deal with First Abu Dhabi Bank

First Abu Dhabi Bank is the UAE’s largest bank and strongest financial institution in the Middle East

05/10/2020

IMF Response Signals Positive Agreement with Lebanon

The plan was “an important step forward.”

05/08/2020

Bahrain offers riskiest Eurobond since market hiatus

The kingdom has attracted more than $7.5 billion in demand so far after offering a substantial yield premium for its 10-year notes and Islamic securities

05/07/2020

Nakheel cuts salaries as pandemic hits Dubai retail and real estate

“We are extremely grateful to our employees for their dedication, commitment and understanding during this difficult phase, which we can – and will – overcome.”

05/06/2020

Abu Dhabi sets up Dh550m fund to help out local exporters

This will be used to ease cash concerns of overseas companies placing orders

05/06/2020

Middle East development banks shell out millions in trade finance relief

The bank says the increase was based on a recommendation by Apicorp’s board of directors and boosts its financial resiliency, as well as its ability to invest in the energy sector.

05/06/2020

London property sales intact for Middle Eastern investors: Knight Frank

A number of simultaneous exchanges and completions are also taking place, which minimise the risk of anything untoward taking place between these two stages, which are usually several weeks apart.

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