08/19/2017
China’s Space Silk Road and the Middle East, Part One
It was the end of an era that pioneered globalization
Alternative Investments
08/17/2017
Merger set to create largest takaful firm
A statement earlier this month said shareholders of the two companies had already approved the merger terms and the consolidation is expected in December this year.
08/17/2017
Middle East firms face weakening working capital performance
UAE firms continue to report relatively strong liquidity
08/17/2017
Qatar Lament Gulf Trust Lost
The Saudi-led countries have also imposed sanctions including restrictions on Qatari aircraft using their airspace.
08/17/2017
Most Middle East markets up, Qatar index sinks 1.2%
Real estate developer Ezdan dropped 2.7 percent and Investment Holding Group, which had tumbled 13 percent from its initial public offer price in the past two days after listing on Monday, lost a further 3.4 percent.
08/16/2017
Gold prices in Dubai fall by more than Dh1 per gram
Today may be a good time to stock up on gold jewellery, as retail rates have just dropped
08/16/2017
Saudi Arabia plans to launch second local currency sukuk issuance next week
Saudi Arabia made its first offer of riyal-denominated sukuk, or Islamic bonds, in late July.
08/15/2017
Indian buyers overtake Arabs as biggest investors in prime London property
The Middle East slipped into third place this year, representing 21 percent of sales.
08/15/2017
Saudi to resume building mega $3.5bn Abraj Kudai hotel in Makkah
The hotel is expected to have about 10,000 rooms, 70 restaurants and several helipads when completed
08/15/2017
Dubai's Union Properties reports $624 mln loss
It did not say whether the authorities would take any action.
08/15/2017
Iran sees banking channels opening up
Iran's official news agency reported that French energy company Total is working to maneuver around existing U.S. sanctions pressures.
08/14/2017
GFH profit jumps fivefold to $62m in first half
Company attributes gains to exiting real estate, education portfolio
08/14/2017
Foursan Group enlists SRB to manage PE fund
The Islamic Fund will invest in emerging companies in a range of sectors to enhance their operations and provide them with new avenues for expansion.
08/14/2017
Qatar Insurance to list subsidiary on stock exchange
Qatar Insurance Company (has announced it plans to list subsidiary Oman Qatar Insurance shortly.
08/14/2017
Missing analysts' estimates Damac reports 21 per cent plunge in second quarter profit
The property developer's first half booked sales stood at Dh4 billion
08/14/2017
UAE is likely to see increased cashless transactions by 2020: Xpress Money’s Strategy & Digital Chief
Xpress Money notes the converging trends that are slowly shaping a cashless future.
08/14/2017
Emaar Properties H1 net profit jumps 15pc to $772m
This will ensure that the value of this business is properly recognised, thereby enhancing value for Emaar shareholders, the company said.
08/14/2017
CBO approves merger between National Finance and Oman Orix
National Finance has offered a cash buyout to shareholders of Oman Orix Leasing Company in May, as part of a merger between the two leading leasing and hire purchase firms in the Sultanate.
08/13/2017
SHUAA Capital half yearly profits highest since 2009
For the six months ending 30 June, 2017 the firm reported a net profit of AED 36.8 million
08/13/2017
Saudi budget deficit halves as financial reforms kick in
The plan aims to cut the Kingdom’s reliance on oil and gas by investing heavily in sectors that create economically productive jobs from finance to manufacturing.