08/03/2016
IPOs muted as volatility weighs on investors
Both companies are listed on the Saudi bourse Tadawul, audit and assurance services firm PwC noted yesterday.
Alternative Investments
08/03/2016
Weak oil and global bourses pull down Gulf; Egypt rises
The Saudi index sank 1.2% as petrochemical giant Saudi Basic Industries fell 1.5% and Saudi British Bank lost 2.7%.
08/03/2016
GCC bonds & Sukuk market gets a new life in Q2
Bank Al-Jazirasuccessfully issued a US$533 million 10 year Sukuk, with an option for the lender to redeem the Sukuk after five years.
08/03/2016
Govt wakes up to plight of Pakistanis in Saudi Arabia
Most of these workers are in a fix since they do not have enough money to travel home, nor can they legally stay in Saudi Arabia because of which most are confined to company-owned camps in different parts of the kingdom.
08/02/2016
Qatar’s real estate price index witnesses steady decline in Q2
Enquiries with market leaders suggest that there is a lull in the real estate market.
08/02/2016
UAE’s Property Loans Improving Despite Price Slide-IMF
The IMF revealed, however, that non-performing loans in the construction and real estate development industries saw a significant decrease from 12.3 percent of the total in 2013 to just 7.5 percent in March 2016.
08/02/2016
Mumtalakat acquires an equity stake in Italy’s KOS Group
The sovereign wealth fund says it has a “significant” minority stake, but did not elaborate further.
08/01/2016
Award number seven and eight for Sidra Capital in 2016
These two recognitions make it eight awards in total for the Saudi based financial services company in 2016.
08/01/2016
Aramex founder sells entire stake to Boson Ventures
Aramex said last week that it recorded a 24 per cent growth in net profit for the first half of this year to Dh222.5 million.
08/01/2016
Demography to play a crucial role in GCC economic growth: Indosuez Wealth Management
The latest Indosuez Wealth Management research report, ‘Macro Comment – MENA Update’, noted that the demography of the GCC region would play a crucial role in the economic growth and future of the region.
08/01/2016
Emaar Properties records 12% growth in net profit to AED 2.475 billion in first half 2016
Launch of The Tower in Dubai Creek Harbour marks a new milestone in development strategy of Emaar
08/01/2016
Saudi banks’ first half results point to increasing pressure on profitability
The first half profits of the listed Saudi banks marginally rose by 0.75 per cent to SR23.3 billion, compared to SR23.1 billion in the same period last year.
08/01/2016
Jordan's Housing Bank H1 net profit up 8 pct
The bank's main shareholder is Qatar National Bank, with a stake of over 35 percent.
08/01/2016
Now Is A Good Time To Invest In Dubai Property
“These include the continued diversification and open nature of the Dubai economy."
07/29/2016
Mubadala to acquire 20% take in Investcorp
Mubadala's investment strengthens Investcorp's shareholder base
07/29/2016
Malaysian Bank Cimb In Sales Alliance With Dubai Fund
The alliance will involve "multiple levels of collaboration," including cross-marketing and distributing each other's products and services
07/29/2016
CIMB Group partners with Fajr Capital
CIMB group chief executive Tengku Datuk Seri Zafrul Aziz said CIMB remained committed to the Middle East.
07/27/2016
Sukuk issuances to match or beat last year’s $32bn, says Fitch
The UK’s vote to leave the European Union has also reinforced the pressure on interest rates.
07/27/2016
Second half of 2016 bodes well for well-diversified investments
This should also to a certain extent, benefit EM stocks.
07/27/2016
Qatar’s British expats look to Al Rayan Bank for home finance products
Al Rayan, the UK subsidiary of Masraf Al Rayan, began to actively target the expat market in 2013.