04/18/2023
Inside Dubai's real estate boom: Why Indian investors are dominating property purchases and set to continue in 2023
In 2022, Indians emerged as top home buyers in Dubai
Alternative Investments
04/17/2023
Saudi Arabia transfers more Aramco oil shares to wealth fund
Last year, four percent of Aramco shares, estimated at the time to be worth $80 billion, were transferred directly to PIF.
04/17/2023
Mubadala commits to invest $2.5bn in clean fuel in Brazil
The investment will be made through the company’s Acelen unit in Brazil and the company expects to start production in the first quarter of 2026
04/14/2023
UAE property developer DAMAC plans 3-year US dollar Islamic bond - document
Deutsche Bank, Emirates NBD Capital and J.P. Morgan are mandated joint global coordinators, and UAE lenders Abu Dhabi Commercial Bank, Dubai Islamic Bank and Mashreq are acting as joint bookrunners on the deal
04/14/2023
Dubai's Sukoon Insurance gets UAE Central Bank go-ahead to buy Arabian Scandinavian Insurance Co.
Sukoon will acquire 93% in Ascana as M&A deals continue in UAE insurance
04/14/2023
In Dubai, 'branded residences' are trending with buyers and developers
As global investors rush in, luxury homes alone will not cut it - they need to be branded
04/13/2023
Social Development Bank plans to support SMEs with $6bn financing over next 3 years
The bank will provide money in installments, also making sure that entrepreneurs are executing business plans properly.
04/13/2023
Saudi Arabian fintech Hakbah closes $2mln funding
The savings platform was granted approval by the central bank
04/13/2023
The UAE’s top rank for safe investment is bolstering Dubai’s property sector
Prices for high-end homes in Dubai are set to increase from 6% to 7.9% in 2023
04/12/2023
Middle Eastern wealth funds are readier than ever to shine - Global SWF
Of the top 10 most active sovereign investors this year, five are from the Gulf region
04/11/2023
Saudi Arabia on course to emerge as future luxury capital of the Middle East
According to a report by the International Market Analysis Research and Consulting Group, the Saudi luxury market size reached $8.3 billion in 2022.
04/06/2023
Fitch upgrades Saudi Arabia’s economy to A+
The Fitch report went on to warn of potential pitfalls, pointing out that despite government efforts to diversify the economy and enable the non-oil sector, Saudi oil revenue will make up around 60 percent of total budget revenue in 2023-2024.
04/06/2023
Egyptian treasury bond sales plummet on currency concerns
Analysts say investors are also holding back bond purchases on the expectation treasury bond yields will soon begin rising to match the increase in overnight rates.
04/06/2023
Jordan issues $1.25bn Eurobonds at 7.5% oversubscribed six times
Al Ississ said more than 230 investment institutions, including top funds in the US, Europe and the Gulf, piled into the latest issue, allowing a reduction in yields at a time other sovereigns were struggling to attract investor interest.
04/06/2023
Demand gain momentum in non-energy private sector
“Looking forward, the future output Index eased from February’s 41-month high of 82.7 but has averaged 77.0 over the first quarter as a whole, the strongest quarterly outlook since the third quarter of 2019.”
04/05/2023
Jordan issues $1.25bln Eurobonds at 7.5% oversubscribed six times
Central Bank Governor Adel al-Sharkas said the high demand was testimony to the "strength of the fundamentals of the Jordanian economy"
04/05/2023
Qatar offers growth opportunities for US private sector entities
Underlining the robust ties between the two countries Holland said that the 5th annual US-Qatar Strategic Dialogue had a lot of government to government and government to business meetings.
04/05/2023
PwC’s Abdalrahman Bin Kharbash recognised as one of UAE’s top Emirati talents
At the first edition of the Nafis Award 2022-2023 ceremony
04/05/2023
Dubai's luxury home sales hit $1.63 billion in the first quarter
Prime neighbourhoods of Palm Jumeirah, Jumeirah Bay Island and Emirates Hills account for 64% of sales priced at more than $10 million
04/05/2023
Bahrain enters new phase of growth says BAB Chairman
The association's priority is to collaborate with the Central Bank of Bahrain, especially in emerging legislation relevant to the banking industry, and the successful implementation of various projects and forums