04/01/2022
Kuwait Fund Must Hand Over Papers in Bonus Spat With Ex-Managers
The KIA and Hard both did not immediately respond to requests for comments through their lawyers.
Alternative Investments
04/01/2022
Saudi Arabia to localize key jobs in fun cities
“100% of jobs at fun cities at malls and 70% of jobs in permanent and seasonal fun cities as well as in family recreational centers will be Saudized effective from September 23, 2022,” the ministry said
04/01/2022
Agility, Menzies boards agree on $750mln takeover deal
The board of Menzies intends unanimously to recommend the cash offer to their shareholders.
04/01/2022
Aldar Properties acquires Rixos Bab Al Bahr for Dhs770m, takes total investment in RAK to Dhs1.5bn
Aldar has also secured development rights for an additional 250,000 sq ft of gross floor area for residential and commercial use as part of the deal
04/01/2022
Saudi Arabia real GDP grows 6.7% in Q4 2021
The non-oil revenues also increased strongly by 5.1% y-o-y, while government activities expanded by 2.4% y-o-y, according to data issued by the General Authority for Statistics
03/31/2022
URC announces its financial results for the year ended 2021
Improved operating profit with a considerable decline in net loss
03/31/2022
Suez Canal Bank eyes mortgage financing portfolio in 2022
The bank is currently in talks with three companies to provide mortgage financing for customers
03/31/2022
LuLu Financial Group head Adeeb Ahamed receives Bahraini Golden Visa
Adeeb Ahamed was awarded the honor by H.E. Shaikh Khalid bin Abdulla Al Khalifa, Deputy Prime Minister of Bahrain
03/31/2022
Mashreq named Market Leader for best-in-class transactional banking services in the UAE and Middle East
Voted for by customers in latest Euromoney survey
03/30/2022
Saudi Crown Prince’s $100 Billion Investment Chase Takes Off
Saudi Arabia’s FDI hit decade-high last year on Aramco’s deal
03/30/2022
Abu Dhabi’s Eshraq Investments to acquire Goldilocks in a share swap deal
Transaction will boost Eshraq's assets to more than $1.03bn and help diversify its portfolio
03/30/2022
Wealthy Russians pour into Turkey, Dubai real estate markets
While Turkey and the UAE have criticized the Russian offensive, Ankara opposes non-U.N. sanctions on Russia and both countries have relatively good ties with Moscow and still operate direct flights.
03/30/2022
EBRD launches Green Star Venture programme in Jordan
Jordan is the first economy in the EBRD regions to pilot the programme.
03/30/2022
QSE listed insurers’ net profits soar 138% in 2021
In its latest report on ‘GCC Insurance Industry’ Alpen Capital said the insurance market in Qatar is estimated to reach $1.9bn in 2026, growing at a CAGR of 4.7% from 2021.
03/29/2022
Barrows Hotel Enterprises starts offering high yield Bond Structures to Institutional Investors
As a result, more innovative ways of financing, such as high-yield bonds, are being implemented.
03/29/2022
Qatar plans to invest $5 billion in Egypt: Egypt cabinet
The Qatari agreement comes after Abu Dhabi wealth fund ADQ earlier this month made a roughly $2 billion deal to buy Egyptian state-owned stakes in publicly listed companies.
03/29/2022
Abu Dhabi sovereign fund pausing Russia investments, CEO says
The Abu Dhabi fund's website said it had invested $3 billion in Russia in about 50 companies
03/29/2022
Al Baraka Bank covers $40.93mln of Palm Hills’ sukuk issuance
The sukuk issuance was also covered by Arab Investment Bank and Suez Canal Bank
03/28/2022
Avanz Capital Egypt Establishes Avanz Manara
The authorized capital of Avanz Manara is EGP 2 billion, with initial subscribed capital of EGP 905 million from Egyptian institutional investors.
03/28/2022
'Markaz': 2021 marks a year of achievements despite challenges
Markaz’s Ordinary and Extraordinary General Assembly approves the Board of Directors’ recommendation to distribute cash dividends of 10% per share and bonus shares of 5% and increase capital