09/29/2023
Saudi Aramco expands into LNG by buying stake worth $500m in MidOcean Energy
MidOcean is in the process of acquiring interests in four Australian LNG projects
Alternative Investments
09/28/2023
ADX appoints BNY Mellon for global custody offering
Arrangement will enable dual listings from global markets on the ADX
09/25/2023
Arab region has great opportunities to harness digitalisation, AI in making progress in implementing climate action: Mahmoud Mohieldin
Mohieldin said that the banks’ fulfilment of their Net Zero commitments would affect the economies in general and would involve the customers in the emissions reduction process.
09/25/2023
Banks urged to drive green growth and digitalization for climate action in the Arab region
Mohieldin stated that the banking sector’s fulfillment of its net zero commitments will reflect on economies in general and will play a crucial role in involving customers in the emissions reduction process.
09/22/2023
UAE and Philippines Strengthen Financial and Investment Ties
The primary focus of the discussions was the reinforcement of financial and investment cooperation between the two nations, especially as they approach the commemoration of the 50th anniversary of diplomatic relations in 2024.
09/21/2023
PIF supporting real estate renaissance in Saudi Arabia
The report showed that residential property prices rose by 1.1 percent and commercial by 0.2 percent compared to last year.
09/21/2023
Saudi holdings of US Treasuries rose for first time in 4 months to $109.2bn
Simultaneously, Saudi Arabia’s short-term bonds were worth $8.24 billion, accounting for 8 percent of the total value.
09/21/2023
93% of UAE’s small businesses plan to expand globally
Small businesses shift from ‘survival mode to growth mode’, says Visa
09/21/2023
Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
The sources, who preferred to remain anonymous, said that Eagle Hills is exploring various opportunities in the Egyptian real estate market, especially in the development sector
09/20/2023
ADQ-backed ADC announces landmark SPAC merger deal with United Printing & Publishing
UPP will become a publicly listed company on ADX; The transaction implies an enterprise value of $163.4 million for the company
09/19/2023
RAK Properties launches ‘Cape Hayat’ in Mina Al Arab
Premium residences with unmatched views
09/19/2023
Quantuma brings deal advisory and turnaround offering to the region
During this time the team has grown to comprise a senior team of subject matter experts in fraud investigations, asset-recovery, and forensic accounting
09/18/2023
Valu closes sixth issuance in a securitized bond offering worth EGP 922.3mln
The issuance comes as part of a renewed short-term program and is a strategic step forward in Valu’s strategic growth objectives
09/18/2023
National Bank of Bahrain and bni sign new agreement
The agreement will see NBB clients who receive auto financing from the bank being offered bni’s competitively priced motor insurance
09/15/2023
Al Ansari Financial Services clinches two prestigious awards at MEA Finance Leaders in Payments Awards 2023
The tireless efforts and unwavering commitment of our team members are the cornerstone of our ability to provide unparalleled customer service and deliver exceptional financial services
09/15/2023
Dubai Chamber of Commerce partners with Noon to support SMEs in establishing digital presence
The chamber hosted a special webinar with the participation of over 200 companies
09/14/2023
Qatar’s financial wealth forecast to surge to $388bn by 2027
The report pointed to Qatar’s burgeoning entrepreneurial scene and calculated risk-taking as key factors in its remarkable financial ascension.
09/13/2023
GCC banks to experience a slowdown in credit growth due to high inetrest rates
Banks in the UAE and Saudi Arabia to be more resilient, buoyed by a robust non-oil GDP growth
09/12/2023
TMG Holding, Saudi NHC team up for $10.6bln development project
The two parties signed the agreement on 10 September 2023 on the sidelines of the Cityscape Global Exhibition
09/12/2023
Turkey’s current account deficit widens in July
This backdrop – with a visible deceleration in growth – should lead to an improvement in the current account moving forward.