12/28/2022
Allianz Egypt renews strategic partnership in Bancassurance with Banque Misr for coming five years
Boosting it by adding property insurance
Alternative Investments
12/27/2022
AFS and ZENJEX partner to boost payments offering to Bahrain’s unbanked
The AFS WPS solution is available to all employers, regardless of their workforce size.
12/23/2022
Egypt’s social protection spending records EGP 302.2bn in FY2022/23’s draft budget
This came in the report of the Ministry of Planning and Economic Development on social protection spending for FY-2022/23.
12/23/2022
France’s Emmnuel Macron urges Lebanon to ‘get rid’ of leaders blocking reforms
“Lebanon must change its leadership,”
12/23/2022
GCC countries to benefit from international energy market developments in 2023: EIU
The recent move by Opec+ to cut output by 2mn barrels per day will be borne by Saudi Arabia and, to a lesser degree, the UAE.
12/23/2022
Investment portfolios rearrange accounting books: Analyst
He indicated that the bounded interaction of the stock market performance during the current week is due to the growing influence of external factors on internal factors, causing the index’s weekly gains to be limited at levels of 12.09 points.
12/22/2022
RTA approves strategic plan for 2023-2030
The plan is aligned with the Dubai Urban Plan 2040, Dubai Plan 2030, Dubai Government Directives and the UAE Government Vision, We the UAE 2031
12/22/2022
DP World, Hassana announce $2.4-billion investment
Hassana investment has total enterprise value of approximately $23 billion for 3 assets
12/22/2022
UAE is a stepping-stone to success and home to pioneering business set-ups
Unity Partners offers services including company formation, visas for investors and skilled professionals, office spaces, and banking assistance
12/21/2022
Abu Dhabi's ADNOC to acquire 24.9% stake in Austria's OMV from Mubadala - sources
Mubadala's stake in OMV is valued at around $4.1bln, according to data from Refinitiv
12/21/2022
ROSHN signs land deals with Ajdan to develop 270 villas in Riyadh’s SEDRA project
ROSHN is building new communities across Riyadh, Jeddah, Al Kharj, Al Hofuf, Al Qatif, Makkah, and Abha.
12/21/2022
Egypt’s real estate sector remains attractive to FDI – Fitch
The overall situation of Egypt’s commercial real estate sector encourages investment in the market
12/21/2022
Gold steadies near one-week high on weaker dollar
Gold seen as an inflation hedge, but higher rates raise the opportunity cost of holding it
12/20/2022
Dubai records over $354mln in realty transactions Monday
The sales included 430 villas and apartments
12/20/2022
Professional development is key for growth in Middle East advice industry
To help create a ‘buoyant and abundant sector that is ripe with opportunities’
12/16/2022
Dubai IPO boom sees banks target more Middle East deals in 2023
To handle the flurry of activity, global banks are drafting in otherwise idle teams in places like London to help, relocating staff or expanding.
12/16/2022
Turkish bank goes live with Murex system & other news
“It was strategic for us to realize the business value of MX.3 through a fast and efficient implementation,”
12/16/2022
Majid Al Futtaim and Standard Chartered launch the region’s first sustainable supply chain finance programme
An innovative financing programme that demonstrates Majid Al Futtaim and its Carrefour supplier partners commitment to sustainability
12/16/2022
Wipro Announces the Launch of Capco in the Middle East
The new consulting capability will be led by Naim Alame as its Managing Partner, Middle East.
12/16/2022
Middle East Becomes IPO Oasis Amid Cooling Financial Markets
PYMNTS noted this trend last month, finding that the Gulf Cooperation Council (GCC) region stands out as an exception, while most stock markets have seen a decline in both the volume and average value of IPOs.