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
Alternative Investments
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
01/30/2023
Qatar Insurance Company named “Insurer of The Year in Qatar” at The MENA IR Awards 2023
This prestigious accolade comes in recognition of QIC’s exceptional performance at the levels of product digitization and customer service excellence
01/27/2023
Dubai Investments buys stake in UK digital bank Monument
In its first year of operations, the fully-licensed bank acquired assets of around £100 million, deposits of £145 million and approximately 3000 customers.
01/27/2023
UAE banks’ investments hit 13-month high in November
Abu Dhabi’s ADX expects increased listings this year
01/27/2023
Qatar’s retail sector forecasts steady growth in Q1 2023
Last year the retail industry performed fairly well with the expansion of projects and foreign investments in Qatar.
01/26/2023
UAE Yas Holding’s luxury real estate division to develop ‘exclusive’ homes
New real estate division will operate as a luxury, boutique property developer
01/25/2023
Saudi Aramco’s Wa’ed invests $14mln in Japanese drone firm
This is the state-backed fund's first Asian investment
01/25/2023
Dubai's landlords, tenants keep close watch for any Rental Index update
Under current Rental Index, landlords find their tenants are winning most judgements