01/16/2023
AXA Egypt targets 30% growth rate in premium portfolio in FY 2022/23
The number of AXA’s clients in Egypt reached over 2.1 million at the end of 2022
Alternative Investments
01/16/2023
Bank Muscat crosses RO200mn net profit mark in 2022
Bank Muscat’s operating expenses for 2022 came at RO207.30mn as compared to RO191.46mn in 2021, an increase of 8.3 per cent.
01/16/2023
UAE Pledges to Invest $30 Billion in South Korea -Yoon's Office
Seoul's finance ministry said the $30 billion investment would be led by sovereign wealth funds, including Mubadala Investment Company.
01/13/2023
Foreign funds’ net selling drags QSE 41 points; but Islamic stocks outperform
The domestic institutions turned net buyers in the main bourse, which saw no trading of sovereign bonds.
01/13/2023
Mosaic marks seventh underwriting hub with Dubai office
Three specialist underwriters, along with a finance team member, are based at the new location—the seventh for Mosaic as it approaches its second anniversary next month.
01/13/2023
Global pension funds AUMs forecast to hit $25trln in 2025
AUMs fell by $1.3trln to $21trln year-on-year in 2022, says SWFI report
01/13/2023
Emirates NBD picks India, UAE as preferred equity markets in EM
2023 starts with a rapid slowdown in the global economy and a material risk of global recession, the bank noted in this year’s first report.
01/13/2023
Egyptian T-bill sales surge after latest currency depreciation
The average yield on the 182-day bills climbed to 21.032% from 20.595%
01/13/2023
Silver vs gold: Which metal can give me a bigger profit when selling them?
Looking to sell silver jewellery? You may have a more difficult time finding a buyer
01/12/2023
Mubadala, US-based Resilience to manufacture biopharma in UAE
As part of the agreement, Mubadala will construct the new facility, where Resilience will manufacture biopharmaceutical-related products
01/11/2023
UDC achieves comprehensive sustainability and wins international awards in 2022
The latest global recognition of UDC’s efforts was in December during the SEAL Awards 2022
01/11/2023
Investcorp set to invest $1bln in GCC real estate over next five years
First real estate investment in the Kingdom of Saudi Arabia in a state-of-the-art warehouse in Dammam
01/11/2023
Emirates NBD is first bank to issue Dirham-bond
Following UAE Federal Government’s establishment of yield curve
01/11/2023
SICO wins MENA’s Best Sukuk Manager and Bahrain’s Asset Manager and Broker of the Year 2022
The Bank’s assets under management have grown 5% to USD 4.75 billion as of 30 September 2022
01/10/2023
In Dubai, rents in JVC, Creek Harbour soar alongside those at Palm, Marina and Downtown in 2022
Locations such as JVC and MBR City see sharp rent spikes as Dubai property awaits delivery
01/10/2023
Saudi Arabia to study increasing investments in Pakistan to $10 billion
Crown Prince Mohammed bin Salman also directed the Saudi Fund for Development to study increasing the Saudi deposit to Pakistan’s Central Bank to reach $5 billion
01/09/2023
Real estate activity in Saudi Arabia drops 53.7% during the first week of 2023
The number of real estate transactions registered a record weekly decline of 38.3 percent in the first week of January, compared to a rise of 2.8 percent during the previous week, standing at 2,100 transactions by the end of the week.
01/09/2023
The BIBF Official Training Partner of The International Association of Privacy Professionals
In line with the Kingdom’s initiatives to ensure personal data protection and privacy
01/09/2023
Bahrain’s GFH Financial upgraded to Boursa Kuwait’s premier market
Premier market features firms with high liquidity
01/09/2023
Demand for commercial properties to grow in 2023
The World Cup that was held last year also skyrocketed the rental cost and the projects were improved with more commercial and investment trades in the country.