05/13/2022
UAE Banks to Benefit from High Oil Prices, Rate Rises
Fitch expects real GDP growth of 6.3% in 2022 and 3.8% in 2023, while the non-oil economy should grow by 4.5% in 2022 and 3.3% in 2023.
Alternative Investments
05/12/2022
Dubai's prime residential properties have seen a price-surge of nearly 60% in 12 months
Emirate has also seen record-breaking 93 ‘ultra-prime home’ sales in 2021
05/12/2022
Saudi Aramco becomes world's most valuable stock as Apple drops
Role reversal underscores the power of major forces coursing through the global economy
05/12/2022
Dubai’s Aramex eyes new acquisitions as it posts small Q1 net profit growth
Looking to explore synergies with strategic shareholders, says CEO
05/12/2022
Kamco Invest reports net profit of KWD 3.6mln for the first quarter of 2022
Total revenue increased by 77.5% to reach KWD9.2mn
05/12/2022
AFP expands to the Middle East and Africa
The Association for Financial Professionals recently launched the Middle East and Africa Treasury Council with the goal of serving as the region's key resource and advocate for the treasury profession
05/12/2022
EFG Hermes entered into an agreement with Amazon
For the provision of consumer financing by valU
05/11/2022
Abu Dhabi’s ADQ announces EUR4bn investment partnership with Greece
The agreement underscores growing economic ties between the two countries and will drive investor interest in Greece
05/10/2022
Mubadala extends co-investment with Hellenic Development Bank of Investments
The €400 million co-investment partnership, first signed in 2018, was renewed during the state visit to the UAE of Greek Prime Minister Kyriakos Mitsotakis
05/10/2022
Abu Dhabi ADNOC Distribution Q1 net profit rises to $183mln
Network expansion set to continue this year, says CEO
05/10/2022
Oman reports a budget surplus in Q1
The GDP of the Sultanate of Oman is expected to grow by 5.6%
05/10/2022
GFH Financial set to launch US operations with SQ Asset Management deal
Acquisition will see investment firm add 180 real estate professionals to its employee base
05/09/2022
Saudi Arabia Reportedly Will Invest In Israel Through Jared Kushner’s Fund
Kushner did not specify which Israeli businesses the firm would be working with
05/06/2022
Egypt equities in bottoming-out phase; low valuations attractive
Ample room for a rerating of Egyptian equities in 2024, says Indigo Frontier
05/05/2022
UAE interest rate hike: Property owners will do better locking in mortgage rates for '3-5 years'
Mortgage takers should also consider switching lenders if they get better rates
05/04/2022
Eid 2022 gifting: UAE consumers go for cashback schemes in a big way
Shoppers feel cashback and BNPL schemes offer a better chance at cost savings
05/03/2022
Saudi Arabia’s GDP grows 9.6 per cent in Q1 2022
The growth in GDP was driven by an increase in oil activities by 20.4 per cent, and a rise in non-oil activities by 3.7 per cent
05/03/2022
UAE gold prices drop: Shoppers get big price break for Eid Al Fitr, Akshaya Trithiya
In two weeks, UAE gold rate for 22K has shed around Dh15/g - and shoppers are back
05/03/2022
Boursa Kuwait records 60.67% jump in its Q1 net profit
The company’s earnings per share recorded an increase of 60.67% from 16.26 fils in the first quarter of 2021 to 26.13 fils in the first quarter of 2022
05/03/2022
Egypt’s top 9 investment deals so far in 2022
Fintech, logistics and e-commerce remain the most attractive sectors