03/30/2023
Corporate loans to drive Saudi banks’ credit growth
However, relatively modest growth in profits (before Zakat) indicates the ongoing pressure on the cost of funding, according to the report
Alternative Investments
03/29/2023
IQ-EQ expands global footprint into the United Arab Emirates
The new office, located in the Dubai International Financial Centre
03/28/2023
Real GDP growth projected to expand by 4.3% in 2024: UAE Central Bank
For the whole year, growth is estimated at 7.6%
03/27/2023
UAE exchange firm Al Ansari raises $210mln in IPO
The retail offer was oversubscribed 44 times
03/27/2023
Foreigners will be allowed to own property in Saudi Arabia: REGA chief
The new law for ownership of a real estate by foreigners is in its final stages, and will be made public in a short period
03/24/2023
UAE exchange firm Al Ansari upsizes IPO on strong investor demand
Qualified investor tranche has been trimmed
03/24/2023
Dubai's DEPA posts higher revenue for 2022 on post-COVID recovery
Public Investment Fund’s investment has propelled growth in Saudi Arabia, chairman says
03/23/2023
Saudi, UAE investors plan to invest in SpaceX - The Information
The funding round is expected to value the rocket maker at about $140bln, the report added
03/23/2023
Abu Dhabi's Mubadala, Ares set up $1bln JV to invest in credit secondaries
Private credit has become a relevant and important part of institutional portfolios, the companies said
03/23/2023
Dubai to launch new gold and silver coins
The coins will be made available for purchase after Ramadan
03/23/2023
Dubai's highly popular d3 office district to have first residential offerings
3-tower cluster from Meraas marks d3's expansion to full mixed-use status
03/20/2023
Bank ABC’s 2023 AGM approves US$46 million dividend on back of robust revenues and solid strategic progress
The Shareholders also approved the Board’s recommendation to distribute a dividend of US$46.4 million, an increase of 50% from last year, cash payment at US$ 1.5 cent per share, from US$ 1.0 cent in 2022.
03/20/2023
Saudi Venture Capital launches new investment product
It aims to stimulate and sustain financing for startups and SMEs from pre-Seed to pre-IPO by investing $1.6 billion through investment in funds and co-investment in startups. SVC invested in 35 funds that have invested in 525 companies through 904 deals.
03/17/2023
Dubai sits atop the world’s upper echelon of luxury real estate markets
Dubai is now the fifth most active city for property sales worth $25 million or more
03/16/2023
EBRD sees significant increase in Turkey investment this year
Rigterink held talks with Turkish officials, financial institutions and private sector clients to discuss the bank’s operations and its earthquake relief response.
03/16/2023
Dubai-listed Amanat's CEO resigns after six years with company
Company said Dr Mohamad Hamade is leaving to pursue other interests
03/16/2023
Service fee cut drives Capital’s real estate in 2022
6% reduction in service fee benefits the property owners and investors besides reducing the cost of owning a home in Abu Dhabi
03/14/2023
City Centre Bahrain welcomes 60 new lifestyle brands to its expanding retail portfolio
A range of new retail concepts, from food and beverages to fashion and lifestyle, will occupy 9,000 square meters of the mall’s total leased retail space
03/13/2023
Saudi Wealth Fund Starts New Airline Headed by Former Etihad CEO
Saudi Arabia’s ambitions could present a challenge for Emirates, Etihad and Qatar Airways, the existing major airlines in the region.
03/13/2023
Middle East non-oil economy will continue to surge in 2023: PwC chairman
Riyadh Al Najjar, PwC Middle East Chairman of the Board & KSA Country Senior Partner, says ESG imperatives can accelerate the massive and fast transformation of the Middle East region