11/21/2019
CMA allows SICO to offer asset management services in Saudi Arabia
The announcement marks the SICO Asset Management Division’s first entry into a market outside Bahrain
Alternative Investments
11/20/2019
Saudi mall operator Arabian Centres sells $500 mln debut Islamic bonds
Arabian Centres went public earlier this year with a 2.8 billion riyal ($746.65 million) initial public offering in Saudi Arabia, the kingdom's third biggest since Saudi lender National Commercial Bank raised $6 billion in 2014.
11/20/2019
China-Bahrain venture fund targets Middle East tech market
The fund also plans to target big data, artificial intelligence, cloud computing, and logistics and networking systems, it said in a statement.
11/20/2019
Al Salam Bank-Bahrain and MSA Capital (China) to launch $50 million MEC ventures positioning Bahrain as MENA's gateway to the digital Silk Road
MEC Ventures will be the first privately funded and led venture to unify Chinese and Middle Eastern capital and technology markets
11/19/2019
Moroccan sovereign fund aims to double investments to $6bn in 5 years
Ithmar Capital is speaking with long-term investors for co-investments in several projects in Morocco, its managing director says
11/19/2019
Qatar ranks top in GCC Islamic banks’ liquid asset ratio
Qatar’s Islamic banks have the highest liquid asset ratio among GCC countries in the period between 2016 and 2018. The liquid assets to total assets ratio, or liquid asset ratio, is one of the key indicators of a bank’s liquidity.
11/19/2019
Dubai's Shuaa Capital says plan to sell market-making unit fails
Buyer pulls out of deal to acquire Shuaa Capital International but to proceed with plan to buy securities brokerage
11/18/2019
Eager Saudis prepare to snap up stakes in ‘crown jewel’ Aramco
The marketing blitz contrasts with the other bumper share sale this month, the secondary listing of Chinese retail titan Alibaba
11/17/2019
Abu Dhabi bond offerings to use private cash to tackle social ills
The first 'social impact bonds' to be introduced in the Gulf were welcomed by Gordon Brown, former UK Prime Minister
11/17/2019
Trading activity in regional markets expected to be dominated by sentiments in global markets
However, the mixed economic data during the week led to volatility in rest of the global markets
11/15/2019
UAE launches venture capital fund for defence and security SMEs
Supply chain finance will also be made available for confirmed projects within the UAE
11/15/2019
UAE venture selected for Inclusive FinTech Accelerator Programme 'Finance Forward'
The program will take place from November 17-20 in Amman and two peer-selected finalists from this cohort will receive grant capital provided by MetLife Foundation totalling USD $50,000.
11/15/2019
Blame game: addressing the UAE's SME debt dilemma
Investors who had lost hundreds of thousands of dirhams in the failed business told Arabian Business at the time that Ford’s false promise made their “blood boil”.
11/15/2019
L&T Cap likely to sell Dubai Wealth business
The wealth book is estimated to be about $200-250 million which may be valued between 2 and 5 percent of the book size.
11/15/2019
Norway fund shuns G4S over human rights violation risks
Many of G4S's employees in in Qatar and the United Arab Emirates are migrant workers who paid recruitment fees to join the company
11/14/2019
NCB and USAID begin US$25mn partnership to stimulate SME growth
The initiative will be known as the Development Credit Authority or “DCA” Loan Portfolio Guarantee Agreement.
11/14/2019
QIIB successfully issues ‘Additional Tier 1 Perpetual Sukuk’ of $300mnNovember
“This is the first time that a Qatari bank has issued additional Tier one eligible as capital sukuk in the international market.
11/14/2019
Saudi’s Dar Al Arkan rings Nasdaq Dubai bell to mark $600m sukuk
Five-year sukuk due in February 2025, which was more than 2.5 times oversubscribed, bears a coupon rate of 6.75%
11/14/2019
Damac's 9-month revenue at Dh2.8 billion
Shareholders' equity stood at Dh14.2 billion as on September 30, 2019."
11/14/2019
Egypt starts marketing triple-tranche dollar bonds
The bonds will be priced later on Wednesday, according to the document.