08/24/2022
AFS relocates its UAE data center operations to Equinix Dubai International Business Exchange
New connection provides significant international opportunities for customers of the leading Middle Eastern digital payment solutions provider
Alternative Investments
08/23/2022
European Bank for Reconstruction and Development could support Egypt with over $1bln on COP27
EBRD will focus on green investment this year
08/23/2022
ADX ranked first in Arab region in buy, sell transactions by foreign investors: AMF
Transactions made by foreign investors in the Abu Dhabi market totalled $32.2bln at the end of last year
08/23/2022
Dubai's Damac explores $990mln investments in Germany
Company interested in data centres, technology
08/23/2022
Barings EMEA trust loads up on Middle East
32.5% in Saudi Arabia
08/19/2022
CBRE advises Aldar on landmark ADGM Square transaction for USD 1.2bn in Abu Dhabi
ADGM Square is a landmark development located in Abu Dhabi
08/18/2022
Saudi Arabia, Uzbekistan bolster ties with 10 investment deals worth $12bn
In a bourse filing, ACWA Power said it will sign a $2.4 billion deal with the government of Uzbekistan for a 1,500 MW wind project.
08/18/2022
Private sector plays key role in developing transport sector, says Qatar Chamber board member
COMCEC was established in 1981 and currently has 57 member countries, as well as five observer countries spread over four continents.
08/18/2022
UAE’s Shuraa Group broadens its horizons to create stronger ties
Shuraa Business Setup is renowned for the quality of services it provides
08/17/2022
Saib achieves $16mln net profit in June 2022, marking 79% growth
The bank strengthened the provision for expected credit losses by $7.6m at the end of June 2022, compared to $9.2m in June 2021
08/16/2022
Saudi's SAMA explores prospect of raising upper ceiling for inter-bank instant transfers up to $21,333
The upper ceiling, which is expected to range between $16,000 and $21,333, will be implemented by the end of 2022, marking the second phase of the inter-bank instant transfer service
08/16/2022
Growth in Dubai property values starts to slow down - but only after a 10% jump in Q2-22
Average residential property values now at a hefty Dh1,100 psf
08/16/2022
Agthia Group carried out acquisitions worth $626mln last year: Agthia CEO
The group aims to expand geographically, most notably in Saudi Arabia and other markets, such as Egypt and Pakistan
08/16/2022
Qatar’s budget surplus to grow 57.6% in 2023: IMF
The increase was driven primarily by growth in investment income from public enterprises from QR82.3bn expected in 2022 to QR121.4bn next year.
08/15/2022
HSBC expands global securities services in Abu Dhabi Global Market
Lender secures an arranging custody licence for its key clients
08/15/2022
Saudi Aramco unveils record profits as oil prices soar
Net income rose 22.7 percent from Q1 in "strong market conditions", Aramco said.
08/12/2022
Kuwait Agility's Q2 net profit plummets to $52mln
The logistics provider said the previous period included a one-gain from sale
08/12/2022
SICO reports BD 2.5mln net profit attributable to shareholders of the bank in the first half of 2022
SICO delivered strong growth in fee income of 131% y-o-y in the first half of 2022
08/12/2022
Net Income attributable to Al Baraka Group's shareholders reaches US$ 85mln in the first half of 2022
The basic and diluted earnings per share for the second quarter of 2022 was US$ 2.42 Cents compared to US$ 0.35 Cents in the second quarter of 2021 (restated)
08/11/2022
PwC puts forward talent agenda for Qatar’s manufacturing skills gap
The skills gap can be attributed to several factors, among them are labour misallocation, skewed labour market and immigration policies, a relatively static structure of the education sector, as well as an inactive population reaching 13% in mid-2021 (up