02/09/2023
Egypt unveils list of 32 state-owned companies to be floated by March 2024
The Arab African International Bank, Banque du Caire, and The United Bank of Egypt are the three banks on the government’s list.
Alternative Investments
02/09/2023
Bahrain's Investcorp acquires logistics facility in UK for $28mln
The alternative investment manager recently acquired a warehouse facility in Saudi Arabia
02/09/2023
Saudi Kingdom Holding leads $133mln funding round for delivery app Nana
Nana is looking to increase its market share in the region
02/08/2023
$1.65bln in transfers done through the company during 2022: Egypt's IBAG
The company said that with such growth, along with its future plans, remittances via IBAG are expected to reach a value of $3.5bln in 2025
02/07/2023
LEAP23 announces investments of over $9bn to support future technology and startups
The event is running at Riyadh Front Exhibition & Conference Centre from today until February 9
02/07/2023
Top businesses to start in the UAE in 2023
The UAE offers a variety of business opportunities, both on and offline, for entrepreneurs looking to start new ventures in 2023
02/07/2023
UAE foreign trade hits Dh2.2 trillion in 2022
Sheikh Mohammed bin Rashid chairs Cabinet meeting
02/06/2023
Middle East M&A activity surges as wealth funds use deals to build local champions
Bain & Company says combined sovereign wealth funds and corporations represented 84% of deals in 2022
02/06/2023
Investcorp to make strategic investment in DevOps Leader Eficode to boost global expansion
Eficode grew its revenues from €22 million to over €150 million in the last 4 years, and now serves over 1,400 customers
02/03/2023
Doing business in the UAE: foreign investment
With some exceptions, a foreign entity will be required to establish an entity in the UAE if they wish to carry on business.
02/03/2023
Growth in UAE’s non-oil private sector falls to 12-month low
But overall business conditions remain strong
02/03/2023
ADNOC, 23 companies ink deals for local manufacturing opportunities worth Dhs17bn
Domestic manufacturing of these products will support the ‘Make it in the Emirates’ initiative, stimulate industrial growth and create more jobs for UAE Nationals
02/02/2023
Abu Dhabi Borouge's Q4 net profit drops 17%
The polyolefin company says committed to at least $1.3bln dividend for 2023
02/02/2023
Saudi-Oman Investment Forum sees 13 MoUs signed as trade ties deepen
The agreements signed at the forum underscore the long-standing partnership between Saudi Arabia and Oman, which has accelerated in recent years with several high-level engagements.
02/02/2023
Saudi Arabia issues first license at OXAGON to NEOM Green Hydrogen
It is part of the Kingdom’s efforts to catalyze the global hydrogen economy by becoming the world’s leading hydrogen producer while maintaining its position as a key player in the energy sector.
02/02/2023
Abu Dhabi's Aldar to finally make entry into Dubai property market through JV with Dubai Holding
Aldar strikes JV with Dubai Holding to build 'exciting experiences' in prime locations
02/01/2023
Dubai’s stock exchange attracts over 167,000 new investors amid flurry of listings, IPOs
DFM investor base jumps 23 times to reach over one million; net profit climbs 41.7% to $40mln
02/01/2023
Egypt's net foreign assets climb by $2bln in December
NFAs improved to a negative $26.09bln from a negative $28.59bln in November
02/01/2023
Saudi Real Estate Refinance looks to debut dollar sukuk in Q2
SRC will raise at least $500 million, Susini said.
01/30/2023
NBK reports KD 509.1mln in net profits for the year 2022
Al-Bahar: NBK’s Board of Directors proposed a cash dividend of 25 fils per share for the second half of 2022, bringing the total cash dividends for the year to 35 fils