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.
Alternative Investments
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.
06/07/2022
Dubai International Chamber to open representative office in Israel
Israel has potential to become one of Dubai’s 10 top trading partners within a few years
06/07/2022
Canada fund CDPQ to invest $5bn in DP World’s Dubai assets
The Montreal-based pension manager will take a 22 per cent stake in DP World’s Jebel Ali Port, Jebel Ali Free Zone and the National Industries Park
06/07/2022
DIFC advances Dubai's status as preferred global financial, innovation hub among US institutions
DIFC banks hold approximately $200 billion of assets from the Centre
06/06/2022
Dubai residential property market shrugs off inflation threat as apartment & villa transactions hit AED 61.9bln
The policy has been bolstered by the surge in crude oil prices, which is going to underpin a sharp turnaround in economic growth
06/05/2022
OMINVEST receives “Excellence in Investment” Award at the New Age Banking Summit
Their investments in quality assets across diversified sectors won them the award
06/05/2022
Umniah Bank AGM reviews bank’s plans, strategy and financial results
Umnia Bank is the result of a partnership among QIIB, CIH Bank and CDG. QIIB holds 40% of the Umnia Bank's capital.
06/03/2022
Combating poverty has always been a top-priority objective in IsDB’s partnerships
The meetings were launched yesterday in Sharm El-Sheikh in the Arab Republic of Egypt
06/03/2022
Abu Dhabi Borouge rises in debut trading on ADX
The company, which is jointly owned by Abu Dhabi National Oil Company and Austria's Borealis
06/03/2022
More listings of Dubai's Dh100m homes as super-luxury properties hit peak demand and value
There are now around 50 'serious' listings of Dh100m homes, with Palm leading the way
06/03/2022
Al Etihad Cooperative inks bancassurance deal with Saudi National Bank
The agreement's value has not been determined due to the variation in the value of the monthly insurance applications received by the bank
06/03/2022
Saudi Arabia leads declines among Gulf bourses
The Qatari index eased 0.3%, with Qatar Islamic Bank concluding 2.6% lower.
06/02/2022
How the UAE, Egypt and Jordan industrial partnership will lift vital sectors
Arab economic integration pact to focus on agriculture, pharmaceuticals, textiles, minerals and petrochemicals
06/01/2022
Sheikh Maktoum meets HSBC Holdings chairman in Dubai
HSBC opened its first branch in Dubai in 1946
06/01/2022
ICD bounces back with Dh10.1 billion in profit
The investment fund’s revenues surged 24.5 per cent compared to the prior year.
05/31/2022
Israel to Launch Long-Delayed Sovereign Wealth Fund
The Finance Ministry transferred ILS1.14 billion to the fund last week, the report said.
05/31/2022
Dubai’s state investor ICD swings to $2.75bln net profit in 2021
Higher revenues and lower impairments supported the return to profitability
05/30/2022
UAE, Egypt and Jordan agree on $10bn industrial partnership investment fund
The five areas that the three countries will cooperate on include food, agriculture and fertilisers; pharmaceuticals; textiles; minerals and metals; and petrochemicals