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.
Alternative Investments
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.
09/11/2023
Savills showcases landmark London Properties at Cityscape Global
Savills is representing three UK-based developers at the event in Saudi Arabia, aiming to attract regional investment for the London developments
09/11/2023
EFG Hermes successfully concludes EGP 472mln securitized bond issuance for EMRC
As part of its EGP 3 billion issuance program
09/11/2023
Etihad Credit Insurance teams up with Adex to boost technology sector in Angola
Abu Dhabi’s Presight secures funding for a project in the West African country as part of the collaboration
09/08/2023
Dubai International Chamber inaugurates second European representative office in Milan
The initiative is designed to reinforce Dubai’s position as one of the world’s leading commercial hubs by attracting investments
09/08/2023
Abu Dhabi’s TAQA lists $1.5bn dual-tranche bonds on ADX
The order book was nearly 10 times oversubscribed at the time of issuance in April, with investors placing total orders of more than $15bn
09/08/2023
Saudi Arabia’s Lumi announces final IPO offer price; set to raise $290mln
The firm is offering 30% of its issued share capital
09/08/2023
Real estate trading volume reach QR1.011bn in August
The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that 297 real estate transactions were recorded during the month.
09/07/2023
Saudi Arabia’s real estate, infrastructure projects hit $1.25tn
NEOM, the $500bn megacity, is progressing rapidly, with $70bn of projects now awarded, 45 per cent of which has been completed
09/06/2023
Saudi Tadawul Group, Shanghai Stock Exchange sign agreement to boost cooperation
The agreement was signed by Khalid Abdullah Al-Hussan, CEO of STG, and Cai Jianchun, president of the SSE, during a visit by a high-level delegation from the SSE to Saudi Arabia.
09/06/2023
UAE health insurance: Will residents pay higher 'co-payment' charges on their medical bills in 2024?
Insurers consider raising co-payment share as medical claims soar
09/06/2023
Ooredoo receives 'Cisco Partner of the Year FY23' award
Our collaboration with the renowned Cisco distributor Comstor presents a golden opportunity to provide exceptional service to our customers and communities.
09/05/2023
IFC to hire global consultant to develop investment strategy for Egypt
The document stated that the IFC will prepare an integrated strategy for the IPO program, which will take about four months, starting from June 2023
09/05/2023
Emirates NBD looks to leverage the power of generative AI
ChatGPT will have a central role in the AI makeover of Emirates NBD’s operations.
09/04/2023
Dubai real estate to see double-digit returns, says Damac chairman
Damac Properties is the largest private developer in Dubai. It recently launched Damac Coral Reef in Dubai Maritime City
09/04/2023
Goldman Lampe Private Bank Announces Comprehensive Changes to Client Onboarding Policy
This move is predicated on the belief that strong client relationships extend beyond transactional interactions and veer into the realm of community and shared values.
09/04/2023
No audit for Saudi firms with revenues under $2.7m
The initiative aims to ease regulatory burdens and support the growth of micro and small businesses in the Kingdom.