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Alternative Investments

03/07/2023

Allianz Egypt renews official insurance sponsorship of "Butterfly queen” Farida Osman for next two years

Dubbed “Egypt’s Butterfly Queen,” the sponsorship of Osman includes facilitating the required support in her pursuit towards the Paris 2024 Olympics in France

03/07/2023

Egypt’s foreign reserves surge to over $34bn in February

We currently have 11 companies that we will offer to strategic investors, a public offering, or both,” Soliman disclosed to CNBC Arabia.

03/06/2023

UAE, Italy sign agreements, aim to strengthen partnership

The UAE and Italy signed an MoU to aid cooperation in the field of emissions reduction, new energy technologies, and low-carbon solutions

03/06/2023

Abu Dhabi’s Presight AI announces intention to launch IPO, list on ADX

The UAE Securities and Commodities Authority approved the company’s application for the IPO on March 3

03/06/2023

UAE’s Alpha Dhabi sees net profit rise by 104% to Dhs10.6bn

The holding company’s revenue witnessed significant growth, reaching Dhs40bn, which represents an increase of 114 per cent year-on-year

03/03/2023

Dubai is world’s fourth most active luxury real estate market

Sales of Dubai’s $10mln homes hit $3.8bln in 2022

03/03/2023

Central banks added 31 tonnes to global gold reserves in January 2023

More buying expected this year as central banks remain positive towards gold – World Gold Council

03/03/2023

Business activities in UAE’s non-oil sector pick up pace in February - PMI

The firms surveyed signalled a stronger degree of confidence for the next 12 months

03/03/2023

Saudi, Egypt, Turkey are our top markets for energy business – Enova CEO

Companies now invest in energy efficiency projects not only to save on costs but also achieve broader sustainability goals and showcase their achievements, according to CEO Renaud Capris

03/02/2023

Allianz Life Assurance in Egypt becomes exclusive partner of HPA

This way Allianz becomes the exclusive insurance partner of HPA, offering exceptional services to the association members, whether individuals or companies, as well as sharing and exchanging managerial expertise with them

03/01/2023

UAE's National Bonds to allow customers loans from banks against their savings

National Bonds to get banks help customers with short-term loans at lower rates

03/01/2023

SABIC’s revenue rises by 13% to $53bn in 2022

The company’s earnings before interest, taxes, depreciation and amortization for 2022 stood at SR38.57 billion, a 20 percent fall compared to 2021.

02/28/2023

Saudi SABIC posts 28% drop in 2022 net profit, warns of margin pressure in H1

Revenue up 13%, driven by growth projects and Aramco synergy

02/27/2023

General Atlantic joins push for Middle East sovereign wealth

The US-based firm has been investing in the region since 2015 and has deployed about $400m in companies such as Property Finder and Network International

02/27/2023

Banks, real estate shares weigh on Saudi; insurer lifts Qatar

The Qatari Stock index rose 0.7%, ending three consecutive sessions of losses, buoyed by its financial stocks.

02/24/2023

Investment Corporation of Dubai joins forum of sovereign wealth funds

ICD, which owns Emirates airline, has holdings in Emirates NBD, Emaar

02/24/2023

Dubai’s Mashreq approves $490mln dividend after profit nearly quadruples

Approved cash dividend equivalent to 90% of lender’s paid-up capital

02/24/2023

Instagram influencer Sergey Kosenko launches property brokerage firm in Dubai

Sergey Kosenko, who has an avid Instagram base, launches property firm

02/24/2023

Over half of Dubai property owners would sell their units this year, YouGov study shows

Future owners of Dubai residential property can make the most out of their investment, as it is estimated that the city's population will rise from today's 3.5 million to 5.8 million by 2040, according to industry reports.

02/23/2023

Saudi Arabia pauses wealth fund plan to acquire Egyptian bank - sources

The two parties could not come to an agreement over how to value the government-owned lender due to the devaluation of the pound, and both parties are holding their positions, the sources said

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GCC businesses to maintain strong credit profiles in 2026: S&P

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