10/25/2022
European investor M7 opens first Middle East office in Dubai
The company currently manages around €1bn of European real estate on behalf of Middle Eastern investors
Alternative Investments
10/25/2022
Bahrain insurance sector has shown steady results for the six months ended 30 June 2022
Gross premiums written registered BD 146.86 million
10/24/2022
Emirates NBD revives equities business with Dubai IPOs
ENBD climbed to claim the sixth-highest fees from Gulf IPOs from 12th last year
10/24/2022
Aman Financial Services aiming to enter Saudi market this year
There is currently a promising opportunity in the Saudi market related to the consumer finance market, which is why the company has begun to take some actual steps to pursue it: Aman Group CEO
10/24/2022
Oman-Bahrain relations enhanced by joint action, shared interests: Oman’s Ambassador to Bahrain
Sayyid Faisal pointed out that the joint Omani-Bahraini Committee is embarked on expanding vistas of cooperation in an array of economic and investment sectors, with the overall objective of achieving full integration between Oman Vision 2040 and Bahrain
10/24/2022
ABK records strong growth in first 9 months of 2022
Figures demonstrate Al Ahli Bank of Kuwait’s strong performance and solid position
10/24/2022
Burgan Bank's nine-month revenue soars to $533m
The bank’s asset quality remained steady with a 2.6% Non-Performing Loan (NPL) ratio and an NPL Coverage ratio of 233.2%. Burgan’s Capital Ratios for the first nine months of 2022 remained well above the required regulatory ratios.
10/21/2022
OTI launches real estate investment programme for GCC investors
Touted as a 'game-changer' project,Virtu will enable investors from around the world to buy real estate in the operating countries - Georgia, Egypt, Oman, Saudi Arabia and Turkey
10/20/2022
Saudi finance companies witness sharpest q/q drop in net income since 2018
Finance companies’ return on equity fell by a record 2.73 percent last quarter, going from 4.03 percent in the first quarter to 1.3 percent in the second showed the data.
10/20/2022
BHB awarded by Global Business Outlook for outstanding contribution to capital markets development
The Global Business Outlook Awards strives to recognize and reward excellence in businesses around the world
10/19/2022
Saudi Arabia sells $5bln in first bond deal in almost a year
The kingdom sold $2.5 billion in six-year sukuk at 105 basis points
10/19/2022
MENA equity capital market activity surged to $15.3bln YTD
UAE was most active as DEWA stake sale powered the surge, Refinitiv data showed
10/19/2022
Dubai tenants find it cheaper to stay in existing apartments as rents soar
Residents, while choosing a rental property, also consider several factors, including connectivity to the workplace, school, and community amenities
10/19/2022
Saudi Arabia’s NDMC closes October issuance of sukuk program at $832m
Saudi Arabia’s cumulative public indebtedness stood at SR966.5 billion by the end of the second quarter of 2022, according to data from the Ministry of Finance.
10/19/2022
UAE: Gold prices inch lower in early trade in Dubai
The dollar index was a tad bit higher in early Asian hours, having bounced off its lowest level since October 6
10/19/2022
UAE, Saudi Arabia pension systems improve, says study
UAE’s overall index value improved from 59.6 in 2021 to 61.8 in 2022, jumping from C to C+. This is primarily due to improvement in its scores for adequacy and sustainability.
10/18/2022
Abu Dhabi's Emirates Stallions Group posts $28mln net profit
The IHC subsidiary says it plans to make new acquisitions in the next 12 months
10/18/2022
ACAPS in Morocco approves establishment of Takaful Insurance Company
In the presence of HE Sheikh Dr. Khalid bin Thani bin Abdullah al-Thani and Mr. Mohamed Hassan Bensaleh
10/17/2022
Gulf and foreign institutions drag QSE 83 points; M-cap declines QR4bn
The Islamic index was seen declining slower than the other indices in the market
10/13/2022
Egypt’s fintech platform FlapKap secures $3.6m seed funds to strengthen presence in the region
The company offers a platform to assist e-commerce growth for small and medium enterprises by providing inventory funding based on AI and financial analytics.