11/15/2018
Egypt: Bank Misr plans to raise $550 million to boost dollar reserve
The American bank Citibank and the Emirati National Bank of Dubai were chosen to arrange this operation, the same source revealed.
Alternative Investments
11/15/2018
Aldar Properties' Q3 profits fall 30% amid higher costs
Aldar Properties CEO Talal Al Dhiyebi said he believes recent government initiatives will encourage long-term growth
11/14/2018
UAE ups retirement destination appeal
Real estate investment options for expats planning to retire in the country
11/14/2018
Warren Buffett to expand his real estate empire to Dubai
Buffett's Berkshire Hathaway first acquired a stake in HomeServices of America - comprised of real estate brokerages and mortgage companies - as part of the purchase of an energy business in 2000
11/14/2018
Abu Dhabi signals global ambition with 2 million-barrel oil hike
Adnoc's appetite for global growth extends to liquefied natural gas, with a plan to increase export capacity once Abu Dhabi becomes self-sufficient in the fuel
11/14/2018
Gulf International Bank Successfully Raises $500 Million Financing Facility
The proceeds of the facility will be used to refinance an existing term facility and for general funding purposes.
11/13/2018
DP World celebrates $3.3bn listings on Nasdaq Dubai
The four listings together amount to a value of about $3.3 billion.
11/13/2018
Dubai index extends losses as Emaar weighs
The Dubai Financial Market General index closed 0.53 per cent lower at 2,802.88
11/13/2018
Arab development bank acquires stake in African multilateral lender
BADEA, which is owned by 18 of the Arab League’s 22 member nations and is headquartered in Khartoum, Sudan, has the mission of bringing more Arab capital into African economies.
11/13/2018
Opec to remain central bank of oil: UAE minister
He stressed that there is no intention to dismantle the organisation. In fact, he said the possibility is that some friendly countries may join and the group will become bigger.
11/13/2018
SoftBank seeks Deutsche's advice on Saudi power investments-sources
Saudi Arabia has provided about half of the US$93 billion raised by SoftBank for the fund
11/13/2018
Abu Dhabi Financial Group CEO dedicates Arabian Business Achievement Award to team
Jassim Alseddiqi was one of eight awardees crowned at the Awards held at the Waldorf Astoria in Dubai
11/12/2018
UAE banking sector to maintain steady growth
Revival in credit demand to support loan growth above 5%
11/12/2018
UAE-based WakeCap Secures $1.6 Million Seed Round From Global Investors
Construction technology investments have hit an all-time high with a total of $1 billion worth of investments in the first half of 2018 worldwide
11/11/2018
Alkhabeer Capital launches IPO of real estate investment fund on Tadawul
Alkhabeer REIT invests in seven income-generating real estate assets at prime locations in Riyadh, Jeddah and Tabuk
11/09/2018
Banks support Qatar recovery, Oman up sharply
Other Gulf markets were mixed.
11/08/2018
Turkish arm of Abraaj looking for a clean break
Once the sale is finalised, it is expected Selcuk Yorgancioglu, co-chief executive of the Abraaj group in Turkey who, along with group partner Omar Syed is expected to lead the business.
11/08/2018
Small businesses are building blocks of economic development: KIB
KIB always seeks to diversify its financing portfolio and expand its SME financing services by offering a range of credit facilities, after evaluation and approval.
11/08/2018
Kuwaiti, Egyptian ministers stress importance of economic integration
The event is held under the auspices and with attendance of His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah.
11/07/2018
Qatari firm buys London's Grosvenor House hotel
Katara Holdings which owns the Savoy and Connaught pays undisclosed sum for hotel on Park Lane