06/22/2022
Pankaj Gupta of Gulf Islamic Investments to Chair new GCC chapter of 256 Network
256 Network has over 600 members in 27 countries, with membership in the GCC increasing from 3% to 15% of overall membership
Alternative Investments
06/21/2022
Saudi entrepreneurs get $27b funding as SMEs grow by 15% in Q1
“SMEs must have their basic needs fulfilled,”
06/21/2022
ATFX expands services to LEVANT via new Jordan operation
The company said that the Middle-East region has always been an important cornerstone for its global growth.
06/16/2022
Capital Bank’s Extraordinary General Assembly approves capital increase in favor of the Public Investment Fund
Al-Salem also stressed the significance of this strategic investment as a testament to Capital Bank’s solid reputation in the region.
06/15/2022
Abu Dhabi’s Aldar eyes stake in Egyptian developer - report
The Egyptian government owns a 15% stake in Medinet Nasr
06/15/2022
Rents in Dubai rising at fastest rate since 2014: CBRE
Rents surge as transaction volumes continue to rise amid strong demand from buyers
06/14/2022
NBK launches the new cohort of its leadership development program “High fliers”
In line with its strategy to upskill employees and support their career development
06/14/2022
Boursa Kuwait provides advanced equity market training for asset managers in collaboration with the ICMA
Training program aims to nurture informed and engaged capital market community and is part of the exchange’s Corporate Sustainability initiatives
06/14/2022
Dubai Chamber of Commerce members' exports rise 28% in May
The total value of $6.26bn is the highest recorded by member companies since August 2018
06/10/2022
ADFD participates in Bonds, Loans and Sukuk Middle East forum as a strategic sponsor
"We are excited to participate in this distinguished forum that brings together the elite of the industry. Our aim was to exchange ideas and insights with experts on bonds and loans and to benefit from them. Moreover, the conference focuses on both r
06/10/2022
GCC Bank Profits Surge to $11 Billion
The bottom line was supported by marginal growth in net interest income and flattish non-interest income.
06/10/2022
UAE top Arab nation for attracting FDI
Investment inflow increased from $19.88b in 2020, to $20.7b last year
06/10/2022
UAE wealth fund ADIA takes 20% stake in Indian home finance firm
The fund invests on behalf of the oil rich Abu Dhabi government
06/10/2022
Banque du Caire arranges $668mln financing for Canal Sugar’s mega projects
The financing will also fund the establishment and operation of a sugar plant with a production capacity of around 900,000 tons of sugar annually
06/09/2022
Jordan’s investment fund ISSF invests $250,000 in Gamiphy
Capital part of the $1.55mln raised in a funding round led by Kuwait’s Muhallab VC
06/09/2022
Jordan issues $650mln Eurobonds at 7.75%, oversubscribed more than 3 times
Bankers said more than 100 financial investment institutions piled into the latest issue
06/09/2022
Rapyd becomes first DIFC-registered Israeli company
Rapyd aims for Dubai to become a development hub to support its vast expansion and growth needs
06/09/2022
E-commerce spend grew two times the growth of POS in Q1
With the accelerating demand for cashless payments in the ongoing Covid-19 pandemic, overall card spends in Q1 2022 saw a double digit increase over the same quarter in 2021.
06/08/2022
Moody’s affirms credit rating of ‘A’ to Saudi Arabia with stable outlook
The report further noted that the Saudi Arabian government demonstrates an increasingly more fiscal policy framework even during the time of rising oil prices.
06/08/2022
Corporate services specialist Equiom launches Saudi office
Based in Riyadh, the new office will focus on Equiom’s professional services portfolio, which is geared at helping businesses with successful entry into the Saudi market.