07/21/2022
Saudi Arabia leads GCC with 77% growth in project contract awards in Q2
MEED previously reported that three out of the ten big projects awarded in the Kingdom were for the NEOM project.
Alternative Investments
07/21/2022
Moody’s expects Saudi economy to grow an average of 3.9% for next four years
Some of the challenges faced by Saudi Arabia include its high economic and fiscal exposure to declines in global oil demand and prices, longer-term risks stemming from the global carbon transition and challenges posed by elevated unemployment, the report
07/21/2022
National Bank of Kuwait reports net profit of KD 237.8mln for the first half of 2022
NBK continued its growth momentum buoyed by the economic recovery and normalization of business activities
07/20/2022
Saudi Arabia embracing a more sustainable industrial development
The 4th industrial revolution will however come at a hefty price, if not sustainably managed, since today’s supercharged pace of industrial production is coupled with a drainage of resources and rising emission levels.
07/20/2022
The commercial real estate market witnessed 89% growth in sales for H1 2022
Reflecting the confidence in the market by businesses, investors, and all stakeholders
07/20/2022
Venture Capital investments in Saudi Arabia up 244% during H1 2022
To a record-high of SAR 2.19 billion
07/19/2022
Middle East investors revisiting asset allocation amid inflation concerns
Inflation is surging, global growth is slowing and geopolitical tensions are rising.
07/18/2022
Saudi Arabia is among the highest performing venture capital markets in the region in 2022
Nama Ventures has been an active investor in startups worldwide and is currently focusing on tech-based early-stage ventures.
07/18/2022
Egyptian real estate group MNHD urges SODIC to revise takeover offer
MNHD's board said it was prepared to restart work to conclude a deal if SODIC put forward an offer matching its fair value
07/18/2022
Kuwait Zain's Q2 net profit rises 22% to $165mln; beats estimate
Declares H1 dividend of 10 fils per share
07/14/2022
Dubai real-estate sales strong in Q2 2022, US Fed rate increases may hamper mortgage growth
Most loan takers opted for a fixed-rate structure to prevent future anticipated rate hikes that may be imposed to curb rising global inflation
07/14/2022
Bahrain national product exports jump 43% to $3.59bln in Q2
The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 71% of the total value
07/13/2022
Gulf investment in UK real estate set to increase, predicts BLME
British institutions such as the Premier League and the Royal Family weigh heavily on investment decisions, along with its leading educational establishments and internationally spoken language
07/13/2022
Swiss banks expanding operations in Qatar: Envoy
The envoy said that a number of high level visitors have been seen, and Credit Suisse Group has increased its staff compared to UBS Group, in an effort to boost its footprint in Qatar.
07/13/2022
QFC highlights Qatar's 'vast' investment prospects at Berlin and Munich
The roundtables also featured eminent speakers from leading companies operating in Qatar who discussed their rewarding experiences in the Gulf State and working with the QFC.
07/12/2022
Al-Futtaim Group Real Estate announces partnership with TIER Mobility
To Introduce Sustainable Micro-Mobility in Dubai Festival City
07/11/2022
Saudi industrial production index up 24% in May
The IPI continued to show positive growth rates due to the high production in the three sub-sectors mining and quarrying, manufacturing, and electricity and gas supplies
07/11/2022
As Dubai Gold Rate remains under Dh200/g, UAE shoppers keep buying
Most shoppers have already bought or booked rather than await another price drop
07/11/2022
IMF says it held productive talks on new programme for Egypt
Analysts say that because Egypt has exceeded its normal IMF borrowing quota, it would likely face exceptional access criteria, making it subject to a greater level of scrutiny.
07/11/2022
UAE, Brazil poised to see surge in trade and investments
About 1,030 Brazilian companies that became part of the Brazilian pavilion at the Expo and secured business deals of $648mln during the event are expecting additional deals worth $3.4bln in the next 12 months