03/07/2023
Saudi Arabia pumps $5bn into Turkish economy
The deposit will provide a major boost to the Turkish economy – struggling in the wake of February’s devastating earthquakes and rising inflation
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.