08/01/2023
Aldar's Q2 2023 net profit rises 52%
Driven by record development sales and strong contributions from its recurring income portfolio
Alternative Investments
08/01/2023
Dubai Chamber of Commerce marks significant step in strengthening bilateral trade and investments with launch of Serbian Business Council
The total value of non-oil bilateral trade between Dubai and Serbia reached US$ 73.4 million in 2022
08/01/2023
Saudi Arabia’s Social Development Bank wins major award
These initiatives encompassed over 518 development and training programs, along with conducting more than 39,000 consultation sessions, achieving a satisfaction rate exceeding 90 percent.
07/31/2023
UAE's property market growth to continue this year, ADIB executive says
Booming real estate sector has not 'reached the peak yet' and will further drive the bank's home-financing business this year
07/31/2023
Aldar expands its education portfolio across Abu Dhabi, Dubai, and Bahrain
Aldar invests a further AED 350 million in Aldar Education to acquire Kent College Dubai and Virginia International Private School Abu Dhabi
07/31/2023
Sharjah registers real estate transactions worth Dhs549.4m in H1 2023
In Kalba, 98 sales transactions were recorded in 21 regions, totalling Dhs54.1m
07/31/2023
Ooredoo Group first half revenue up 3% to QR11.4bn
These strong growth figures reflect the Group’s continued focus on profitability and the effective management of its operations.
07/28/2023
Saudi Arabia’s PIF to expand investment in Oman
The fund has signed an agreement with Oman Investment Authority aiming to invest in a wide range of asset classes and target industries
07/28/2023
Foreign investment in Arab countries hits $200bn, UAE leads way with 57%
Arab countries saw over 1,600 projects boosted by foreign investment last year
07/28/2023
DFM reports 77% upsurge in net profit during the first half of 2023 to AED 112.2 mln
DFM attracted 25,699 new investors in the first half of 2023, 74% of which were foreign investors
07/27/2023
Nasdaq Dubai welcomes the listing of $600mln Sukuk by Dar Al-Arkan
This issuance by Dar Al-Arkan will be under the USD 2.5 billion Trust Certificate Issuance Programme and is scheduled to mature in 2029
07/25/2023
Value of MENA debt issuances more than double to $45.9bln in H2 2023
Saudi Arabia was the most active issuer nation during the period
07/25/2023
Abu Dhabi's Multiply Group sees Q2 2023 profit rise to $98.5mln
Group said it was seeing “value accretive acquisition opportunities” globally
07/25/2023
DEWA bolsters commitment to green mobility by joining CharIN
The membership allows DEWA to actively participate in establishing industry standards for electric vehicle charging systems
07/25/2023
QFZ, QDB collaborate to enhance Qatar’s investment climate
This comes as part of the expansion of the authority's partnerships with key national players, and promoting its position as a distinct investment destination in the region
07/24/2023
Egyptian developer PHD joins EFG Hermes to close $15.29mln bond
National Bank of Egypt, Arab African International Bank, and Al Baraka Capital acted as the underwriting banks, with Al Baraka Bank acting as a subscriber to the issuance
07/24/2023
UAE real estate: Rental increase across Dubai properties to slow down in 2024
According to a new study, rental prices for new contracts saw an increase of 32.6% since 2023
07/24/2023
UAE chases 7% growth to double economy to over $800bn
The Gulf country is seeking bilateral trade deals and partnerships to ensure its economy is sufficiently diversified away from oil-dependent growth
07/21/2023
Saudi fund inks $10m loan agreement for business incubation centers in the Bahamas
This agreement marks a significant step in our nation’s journey towards sustainable growth
07/21/2023
Real estate trading volume exceeds QR300m in a week
Sales were concentrated in Al Rayyan, Doha, Umm Slal, Al Daayen, Al Wakrah, and Al Shamal municipalities.