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Alternative Investments

04/19/2022

ADGM Academy, The Human Resources Authority, and Banque Misr launch banking educational programme for Emiratis

Financial educational collaboration will offer national development programme to help train and employ fresh graduates in the field of banking and finance

04/19/2022

Abu Dhabi added 80 economic activities in 2021

Broadcasting, eSports event management, securities, mortgage and social innovation were included

04/19/2022

Saudi telecom firm Zain net profit jumps 98% to $22m in Q1 on higher revenue

The increase was due to a 12.44 percent rise in earnings driven by the growth in 5G and other revenue streams.

04/19/2022

Arab economies expected to grow by 5% in 2022: AMF

A significant improvement in the growth rate of this group of countries is expected in 2023 to reach 5%

04/18/2022

The value of real estate transactions records 4.85mln Riyals during Q1

52% of the total deals are “Ready-made properties”: Utopia index

04/18/2022

GFH launches “Prime” programme to reward top shareholders

GFH Prime provides exclusive rewards around new investments and offers from companies within Group’s portfolio

04/18/2022

Bank deposits increase to EGP 6.549trn in January 2022: Egypt

In its monthly report, the CBE stated that government deposits increased to EGP 1.349trn in January, compared to EGP 1.299trn in December 2021

04/18/2022

Saudi Arabia converts $300mln deposit with Mauritania's central bank to soft loan

It comes as part of the Kingdom’s ongoing efforts and leadership role in supporting the development and economy of Arab and Islamic states

04/14/2022

UAE to help African countries diversify their economies

His Excellency Mohammed Saif Al Suwaidi, also signed a Memorandum of Understanding

04/14/2022

Abu Dhabi stock exchange seeks more private sector listings

‘Second Market’ has been rebranded as ‘Growth Market’

04/14/2022

Abu Dhabi's villa market still 'undersupplied'

Villa deliveries is expected to be limited this year, says new report

04/14/2022

Dubai’s residential market sees record growth in Q1 2022: CBRE

CBRE stated that the first quarter saw off-plan sales increase by 94.6 per cent and secondary market sales grow by 76.1 per cent over the previous year

04/13/2022

Turkey’s Ziraat Bank secures $1.24 billion loan at higher cost

Turkish banks were borrowing at interest margins of less than 100 basis points above dollar

04/13/2022

Abu Dhabi’s ADQ sets up SPAC with Chimera, eyes nearly $100mln IPO

ADC Acquisition Corporation plans to raise AED367mln though share sale

04/13/2022

Bahrain's IIFM and TKBB sign MoU on participation banking sector

To collaborate on areas of common interests

04/13/2022

Saudi PIF ranks 5th among world’s sovereign funds with $620bn assets

Third in the ranking is Kuwait Investment Authority, with assets of $737 billion, then the Abu Dhabi Investment Authority with assets of $697 billion.

04/13/2022

Kamco Invest successfully leads stc’s acquisition of e-Portal Holding Company

Through its role, Kamco Invest assisted stc in identifying, shortlisting, assessing, and evaluating potential targets that fit the requirements set out under its strategic objective

04/13/2022

RAKBANK's shareholders nod to 22.5% dividends for 2021

It is noteworthy to mention that in 2021, RAKBANK recorded a 50% year-on-year (YoY) rise in net profits to AED 758.3 million, compared to AED 505.4 million.

04/13/2022

Beema named “Best Company” by Money 2.0

Beema’s Chief Executive Officer and Chief Business Officer receive Outstanding Leadership Award as well

04/12/2022

Dubai’s Most Expensive Villa Is This Massive Megamansion, Which Sold for AED 280 Million

The 33,300-square-foot waterfront property boasts 10 bedrooms, indoor and outdoor pools and a “seven-star spa”

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