03/18/2022
Private equity hits record high with buyout deal value reaching $1.1tn in 2021
“The most obvious impact will be on oil & gas supplies, which now face both political and physical risks.”
Alternative Investments
03/18/2022
RAK Properties begins foundation works at the Bay Residence project
The multi-service project will play a major role in enriching the general design of the entire Hayat Island
03/18/2022
Abu Dhabi welcomes launch of new global investment holding company
“Q Holding will be a prominent force in the vanguard of the next phase of economic development"
03/17/2022
Saudi’s Capital Markets Authority approves two more IPOs
Retal Urban Development Company and Abdullah Al Othaim Investment Company will both hold IPOs of 30 percent of their share capital
03/17/2022
Aldar Properties launches world’s first Louvre-branded residences in Abu Dhabi
Located within Saadiyat Grove, Louvre Abu Dhabi Residences will feature 400 apartments including five penthouses
03/16/2022
Emirates NBD takes lead in supporting upcoming IPOs
Fully digital platform to support investor participation ahead of upcoming listings on DFM
03/16/2022
Mauritius opens representative office at Dubai Chambers headquarters
MoU signed during visit of Mauritian President His Excellency Prithvirajsing Roopun GCSK, who officially opened the Economic Development Board (EDB) Mauritius representative office
03/15/2022
Seven Qatari banks post combined profit of $6bln
Seven out of eight Qatari banks rated by Moody’s saw improvement in 2021
03/15/2022
Gulf International Service will continue to focus on achieving cost efficiency
The Extraordinary General Assembly Meeting approved an amendment to increase the non-Qatari ownership limit in the Company’s share capital from 49 percent to 100 percent, ensuring that all relevant requirements are fully met.
03/15/2022
Oman Insurance reports highest net profit in last 7 years
With an exceptionally strong solvency ratio of 275%
03/15/2022
UAE Banks Federation calls upon SMEs in UAE to unlock their potential
With SMEs having such a sizeable impact on the national economy, UBF has vowed to support them through business-friendly initiatives that build on innovation, digitalisation, financial planning, banking partnerships, and optimum governance
03/15/2022
QC Chairman: Qatar’s national products are more competitive
QC Chairman also lauded the efforts made by the Ministry to support the local market, especially SMEs, affirming that this will reflect positively on the national economy.
03/14/2022
Saudi-based Qawafel raises a US$3mln seed round
Seed round was co-led by AlSayed Group and Khwarizmi Ventures, in addition to a number of angel investors
03/14/2022
Investcorp agrees sale of Dainese SpA
It has reached an agreement on the sale of Dainese SpA to global investment firm Carlyle for an enterprise value of €630mln
03/14/2022
PIF-owned SRC signs $270m refinancing deal with Saudi National Bank
Fabrice Susini, chief executive officer of SRC, asserted that the company continues to expand its partnerships with originators to boost the rate of Saudi homeownership to 70 percent by 2030 in line with the Kingdom's Vision 2030 initiative.
03/14/2022
Saudi wealth fund buys stakes in Korea game makers
Since PIF’s first purchase of NCSoft’s shares in January, the Saudi fund has injected over one trillion won into the gaming firm behind the popular Lineage series.
03/14/2022
UAE to inject money in Sudanese banks: minister
The head of the Sovereign Council was in UAE to attend Dubai’s Expo 2020 world fair.
03/13/2022
Doha Bank, Milaha to enter key barometer in QSE
Milaha will join the Al Rayan Islamic Index, while Al Khaleej Takaful Group and Qatar Islamic Insurance will be removed from the index, a communiqué from the bourse said.
03/13/2022
Global banking CEOs optimistic of sector growth: KPMG
In its annual Global CEO Outlook report, where about 135 bank CEOs were surveyed, KPMG discovered a surging optimism fuelled by an innovation-based approach and innate commitment to organizational purpose
03/13/2022
Oman approves first licence for crowdfunding platform after rules change
Capital Market Authority says Ethis Investment is the first Islamic crowdfunding platform to be set up in the sultanate