04/22/2022
KFH records $227.6mln net profit for Q1
Total assets rise 1.7% to $72.70bln
Alternative Investments
04/22/2022
Bahrain Retirees Receive Pension Increase
They will be disbursed monthly starting in May.
04/22/2022
Noqood Holding officially launches operation in Egypt
Noqood Holding works in the field of fintech solutions and non-banking financial services
04/21/2022
UAE looks to build local banking and financial sector with sale of dirham-denominated Treasury bonds
The UAE Ministry of Finance has assembled six local and international banks to participate in the primary market auction, including Abu Dhabi Commercial Bank (ADCB), Emirates NBD, First Abu Dhabi Bank (FAB), and Standard Chartered
04/21/2022
US firm Discovery Land to build Dubai luxury golf community with mansions, villas
Plan includes 18-hole golf course in Dubai South
04/21/2022
UAE, South Korea to jointly promote entrepreneurship and support SMEs
The entrepreneurship and SME sector accounts for 99 per cent of the total companies in South Korea, and 98.5 per cent of the private sector in the UAE
04/20/2022
ADCB is latest bank to join UAE’s Trade Connect platform
It was a year ago that UAE Trade Connect was launched to de-risk trade finance
04/20/2022
How empowering employees is key to ensure business survival
Employee empowerment can have a significant impact on employee satisfaction and productivity says Manikandan Thangaraj, vice president, ManageEngine
04/20/2022
Abu Dhabi’s Emirates Driving posts 60% rise in Q1 2022 profit
Profit for the three months ended March 31, 2022
04/20/2022
UAE Golden Visa 2022: Lowering investment to Dh2m is an instant bonus for property buyers, entrepreneurs
For offplan investors, the changes also offer flexibility to pick up their 10-year visas
04/20/2022
UAE to launch treasury bonds with auction size of $408mln
Finance ministry says bonds will initially have tenures of two, three and five years
04/19/2022
Study finds that less than 1/3 of IPOs in the GCC succeed
The Renaissance of IPOs in the GCC obscures the reality that only one-third of listed companies succeed in the short, medium and long term
04/19/2022
Oman to set up to association for debt relief
The departments affiliated with the Ministry in the various governorates of the Sultanate were directed to follow up on the situation of these families and help them register in the national subsidy system for electricity and water
04/19/2022
ADGM Academy, The Human Resources Authority, and Banque Misr launch banking educational programme for Emiratis
Financial educational collaboration will offer national development programme to help train and employ fresh graduates in the field of banking and finance
04/19/2022
Abu Dhabi added 80 economic activities in 2021
Broadcasting, eSports event management, securities, mortgage and social innovation were included
04/19/2022
Saudi telecom firm Zain net profit jumps 98% to $22m in Q1 on higher revenue
The increase was due to a 12.44 percent rise in earnings driven by the growth in 5G and other revenue streams.
04/19/2022
Arab economies expected to grow by 5% in 2022: AMF
A significant improvement in the growth rate of this group of countries is expected in 2023 to reach 5%
04/18/2022
The value of real estate transactions records 4.85mln Riyals during Q1
52% of the total deals are “Ready-made properties”: Utopia index
04/18/2022
GFH launches “Prime” programme to reward top shareholders
GFH Prime provides exclusive rewards around new investments and offers from companies within Group’s portfolio
04/18/2022
Bank deposits increase to EGP 6.549trn in January 2022: Egypt
In its monthly report, the CBE stated that government deposits increased to EGP 1.349trn in January, compared to EGP 1.299trn in December 2021