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
Alternative Investments
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.
10/13/2022
Gulf Islamic Investments’ US$300mln Indian funds demonstrate strong growth and future prospects
The success of GII’s two Indian-focused funds IGP1 & IGP2 suggest the capacity for further successful investments in India’s rapidly-growing economy
10/12/2022
Silah Gulf represents Bahrain’s digiverse at Gitex Global 2022
The world’s largest, most inclusive tech and startup event, now known as GITEX GLOBAL, hosts 5,000 companies across a two million square feet exhibition space between October 10 and 14
10/12/2022
Bahrain's GFH buys U.S. clinics portfolio worth around $400mln
The portfolio of 11 assets are in California, Texas, Maryland and Louisiana
10/11/2022
Knight Frank launches new office in Qatar, 6th in the Middle East
Having established offices in Abu Dhabi, Jeddah, Manama and Riyadh, now Doha (Qatar) joins the fold.
10/07/2022
Middle East investors turn to 'factors' to offset market turmoil
Investors say the strategy is a better way to manage global economic uncertainty and diversify their portfolios, Invesco survey finds