05/03/2023
UAE’s e& reports consolidated revenue of Dhs13bn in Q1 2023
In the UAE, etisalat by e& recorded 13.9 million subscribers an increase of 6 per cent compared to the same period last year
Alternative Investments
05/03/2023
Dubai’s TECOM Q1 net profit jumps 34%; beats estimate
CEO says outlook for the rest of the year is positive
05/02/2023
Standard Chartered says Saudi Arabia has opportunities for growth
Standard Chartered has been operating in the Kingdom since 2011 through its capital markets license, and has already set up similar licenses in the UAE and is looking to do the same in Egypt by the end of the year
05/02/2023
Saudi's PIF intends to create 1.8mln jobs: Al-Rumayyan
Al-Rumayyan said that the Saudi sovereign wealth fund has established a total of 71 companies since 2019 in many strategic and vital sectors
04/28/2023
Institutional investors and wealth managers highlight growing creditworthiness of the GCC fixed income market
A further 61% indicate that they generally agree with this view
04/28/2023
Banking sector driving UAE financial markets following positive earnings announcements
In Dubai, Emirates NBD was the best performer
04/27/2023
Dubai records over $517mln in realty transactions Wednesday
The mortgages included 66 villas and apartments
04/26/2023
Ethmar International Holding and EFG Hermes conclude strategic partnership agreement
Moustafa El Chiati: We are always keen to enter into such partnerships for the interest of investors
04/25/2023
Abu Dhabi Multiply Group set to acquire 55% of UAE outdoor media company
The holding company invests across a range of sectors
04/24/2023
UAE real-estate: Jumeirah Bay Island plot sale is the most expensive ever
Knight Frank said that Dubai's prime residential neighbourhoods of the Palm Jumeirah, Emirates Hills and Jumeirah Bay Island continue to dominate luxury home sales
04/24/2023
Qatar’s Estithmar Holding to expand footprint in the Middle East
These resorts are part of the 11 being developed on the main hub island of the Red Sea Project in Saudi Arabia.
04/21/2023
India Accelerator ventures into UAE, to invest $20mln in fundraising rounds
The accelerator has set up a 3,200 square feet facility in Dubai to incubate startups
04/21/2023
Estithmar Holding to expand its footprint in Middle East
The company commenced the feed order business in Saudi Arabia this year and it is expecting orders soon.
04/20/2023
Dubai’s real estate sector sees transactions worth $42.7bln in Q1 this year, an 80% rise from Q1 2022
Dubai’s real estate sector is one of the key drivers of economic growth
04/18/2023
Inside Dubai's real estate boom: Why Indian investors are dominating property purchases and set to continue in 2023
In 2022, Indians emerged as top home buyers in Dubai
04/17/2023
Saudi Arabia transfers more Aramco oil shares to wealth fund
Last year, four percent of Aramco shares, estimated at the time to be worth $80 billion, were transferred directly to PIF.
04/17/2023
Mubadala commits to invest $2.5bn in clean fuel in Brazil
The investment will be made through the company’s Acelen unit in Brazil and the company expects to start production in the first quarter of 2026
04/14/2023
UAE property developer DAMAC plans 3-year US dollar Islamic bond - document
Deutsche Bank, Emirates NBD Capital and J.P. Morgan are mandated joint global coordinators, and UAE lenders Abu Dhabi Commercial Bank, Dubai Islamic Bank and Mashreq are acting as joint bookrunners on the deal
04/14/2023
Dubai's Sukoon Insurance gets UAE Central Bank go-ahead to buy Arabian Scandinavian Insurance Co.
Sukoon will acquire 93% in Ascana as M&A deals continue in UAE insurance
04/14/2023
In Dubai, 'branded residences' are trending with buyers and developers
As global investors rush in, luxury homes alone will not cut it - they need to be branded