05/14/2017
Dubai National Insurance and Reinsurance Q1 profit falls
Q1 gross premiums 85.3 million dirhams versus 65 million dirhams year ago
Alternative Investments
05/11/2017
Agricultural Bank of China starts RMB settlement in UAE
The Gulf Arab state UAE, a major oil supplier, is one of China's most important trading partners.
05/11/2017
Qatar becomes one of the city's biggest commercial owners
Seeking stability in its portfolio, the Arab state's sovereign wealth fund has turned to New York real estate
05/10/2017
Sico Q1 net profit soars to $3.34 million
Significantly, all business lines revenues posted positive growth, and increased their respective contributions to the bottom line.
05/10/2017
Aldar revenue in Q1 increases 28% on development sales
The listed property developer said it is seeing growth opportunities in the middle-income market.
05/09/2017
UAE developer Aldar's Q1 net profit falls, beats forecasts
SICO Bahrain and EFG Hermes had forecast Aldar would make a quarterly profit of 509.07 million dirhams and 600 million dirhams, respectively.
05/08/2017
UAE’s non-oil trade reached Dh1.6tr in 2016
The GCC countries’ share in the total trade increased to 11 per cent of the total trade volume with figures touching Dh166.7 billion in 2016, according to FCA estimates.
05/05/2017
Oman fund raises $600m loan for subsidiary
General syndication was launched in February and received an overwhelming response from the market despite tight pricing.
05/04/2017
UEA launches latest round of Adapt Low Carbon Innovation Fund
The University of East Anglia will today launch the latest round of its Adapt Low Carbon Innovation Fund
05/04/2017
Six new projects await Al Mazaya Holding in Kuwait, Dubai and Oman
The company has continued to achieve high occupancy rates in its income-generating projects.
05/04/2017
Growth in real estate and SMEs key to Saudi Vision 2030 success
The growth of a stable real estate market and creation of a sustainable small and medium-sized enterprise sector are fundamental to the success of the Kingdom of Saudi Arabia’s Vision 2030, said government leaders and financial executives attending
05/03/2017
Dubai Group requests haircut from creditors to settle debt early
In the last few days the company offered creditors around 29 cents on the dollar in return for an early settlement of debt maturing in 2024
05/02/2017
GFH posts net profit of $32 m in Q1 2017
GFH’s total consolidated income for the quarter increased by 75% to $51.08 million as compared to $29.17 million in 2016.
05/01/2017
Arab Bank Group reports first quarter 2017 net profits of $ 218.2 million
Customer deposits stood at $33 billion whilst the loans and advances increased by 3 % to reach $24.4 billion.
04/30/2017
ABK reports first quarter Net Profit of KD 8.5 Million
Operating profits also grew by 7.3 percent to KD 23.7 million
04/27/2017
Record issuance marks GCC’s shift toward bonds from loans
It is also changing the behavior of investors in the bond market, which has long been led by local banks that buy the bonds to hold them until maturity rather than trading them.
04/26/2017
Middle Eastern property investments draw mixed reaction
Gulf interest has raised concerns in central and eastern Europe
04/26/2017
Record issuance marks Gulf's shift towards bonds from loans
It is also changing the behaviour of investors in the bond market.
04/26/2017
Record issuance marks Gulf’s shift toward bonds from loans
It is also changing the behavior of investors in the bond market, which has long been led by local banks that buy the bonds to hold them until maturity rather than trading them.
04/26/2017
Arabtec leads gains on Dubai stock market
Shares in Arabtec Holding led gains, closing up about 4.2 per cent at 90 fils, their highest level in a week.