09/16/2022
Saudi ministry signs infrastructure financing deals with banks worth $6.65 billion
Saudi Arabia’s planned projects seek to highlight the Kingdom’s efforts toward economic, social, and cultural diversification in line with Vision 2030.
Alternative Investments
09/15/2022
EBRD supports green, low carbon investments in Turkey
The EBRD continues to work towards a sustainable future in Turkey by focusing on green financing in the county.
09/15/2022
US$13 billion in Gulf deposits allays some pressure on Egypt following capital flight from emerging markets
The Gulf deposits acted to bolster stocks of foreign currency that were heavily depleted over the past year.
09/14/2022
High mobility, air travel help boost oil demand in Middle East: OPEC
Strong economic activity will continue to support demand in the near future
09/14/2022
G20 told Saudi Arabia backs role of culture in efforts to promote sustainability and development
Comments, from Kingdom’s Minister of Culture Prince Badr bin Abdullah bin Farhan came during meeting of G20 culture ministers in Indonesia
09/14/2022
ADNOC Refining to complete first phase of Waste Heat Recovery Project in Ruwais
The project recycles waste heat from ADNOC Refining’s plant in Ruwais, increasing power production and thermal efficiency of the facility by around 30 per cent with no additional emissions
09/14/2022
Businesses in UAE ask for bank guarantees to counter risk from bounced cheques
More firms ask for bank guarantees to ensure safeguards against cheque defaults
09/14/2022
Saudi REIT funds can unlock property value for healthcare sector expansion
Colliers estimates that the kingdom will require up to 20,000 additional beds by 2030
09/13/2022
Stc Bahrain empowers local culture and heritage
Through 5-year partnership with Shaikh Ebrahim bin Mohammed Al Khalifa Center For Culture & Research
09/08/2022
UAE to be among Israel’s top 10 trading partners in 2-3 years: Israeli envoy
Bilateral trade between the two countries jumped 117 per cent in the first half of 2022
09/08/2022
Saudi banks’ mortgages jump to $170bn in Q2: Housing Minister
The minister noted that the Saudi Real Estate Refinance Co. will play a crucial role in ensuring liquidity and transparency in the Kingdom’s real estate sector.
09/08/2022
Dubai International Financial Centre records strong growth in H1 2022
This led to the fastest job creation growth rate since inception, and further expands the largest and most diverse pool of industry talent in the region.
09/08/2022
Two Moroccan Firms Among Forbes Middle East’s Top 100 Arab Family Businesses
According to Forbes Middle East, the 100 listed Arab family businesses are forecasted to achieve further growth in the future.
09/08/2022
Top 100 Arab Family Businesses
Of this year’s top 100 family companies, 89% are diversified business conglomerates. Saudi companies dominate the list with 37 entries, followed by the U.A.E with 25, and Kuwait with eight.
09/08/2022
GBM acquires Coordinates Middle East
Coordinates’ next-generation fully automated Managed Detection & Response service “Cor.” to enrich GBM’s security services offering
09/07/2022
Mortgage finance initiative for low-income housing in Egypt records $2.60bln in August
The Social Housing and Mortgage Finance Fund revealed that banks’ contributions amounted to about $2.47bln to about 428,150 customers within the initiative, accounting for about 95.4% of the total funding
09/06/2022
FAB partners with Silver Birch Finance to deliver best-in-class inventory solutions
The partnership enables FAB and Silver Birch to offer various inventory solutions to suit specific client needs.
09/05/2022
Alvarez & Marsal releases Q2 2022 Saudi Arabia banking pulse
Saudi banks’ return to profitability with moderate growth of 2.7 percent
09/05/2022
Saudi Insurance Committee sets the agenda for the sixth edition of the Saudi Insurance Symposium
Health insurance will be the main focus of this year’s Saudi Insurance Symposium
09/02/2022
Capital Investments net profit increases by 45% to reach $4mln in in the first half of 2022
The Group’s combined revenues for the first six months exceeded $7.6 million