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.
Alternative Investments
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
10/06/2022
QSE benchmark edges down amid selling pressure
Trade turnover and volumes were on the decrease in both the main and venture markets.
10/06/2022
Investopia partners discuss investment opportunities in ME region
The session was attended by Investopia partners, such as Crypto.com, BlackRock, IFC, and Sharjah FDI Office
10/05/2022
UAE non-oil economy strengthens as PMI stays over 56 mark in Sept: S&P Global
August had recorded a slightly higher PMI of 56.7, but S&P considers any readings above 50 as growth while those below 50 are marked as contraction.
10/04/2022
Saudi non-oil private sector businesses expanded in September - PMI
Output and jobs expansion rise, albeit at slower rates
10/04/2022
Saudi Crown Prince unveils new PIF company to develop downtowns in 12 cities
The new company aims to build and develop downtown areas and mixed-use destinations in 12 cities throughout Saudi Arabia.
10/04/2022
Dubai records over $381mln in realty transactions on Monday
The sales included 360 villas and apartments worth $222.73mln, and 25 land plots worth $69.92mln
10/04/2022
Dubai’s DGCX introduces new physical gold futures and spot gold contracts
These products provide traders and financial institutions the ability to use physical gold as collateral to access affordable sources of short-term lending
10/03/2022
Dubai sets new record with sale of Palm Jumeirah mansion for $82m
Casa Del Sole, still partially under construction, will be completed in early 2023 and is set to have eight bedrooms