03/14/2022
Saudi-based Qawafel raises a US$3mln seed round
Seed round was co-led by AlSayed Group and Khwarizmi Ventures, in addition to a number of angel investors
Alternative Investments
03/14/2022
Investcorp agrees sale of Dainese SpA
It has reached an agreement on the sale of Dainese SpA to global investment firm Carlyle for an enterprise value of €630mln
03/14/2022
PIF-owned SRC signs $270m refinancing deal with Saudi National Bank
Fabrice Susini, chief executive officer of SRC, asserted that the company continues to expand its partnerships with originators to boost the rate of Saudi homeownership to 70 percent by 2030 in line with the Kingdom's Vision 2030 initiative.
03/14/2022
Saudi wealth fund buys stakes in Korea game makers
Since PIF’s first purchase of NCSoft’s shares in January, the Saudi fund has injected over one trillion won into the gaming firm behind the popular Lineage series.
03/14/2022
UAE to inject money in Sudanese banks: minister
The head of the Sovereign Council was in UAE to attend Dubai’s Expo 2020 world fair.
03/13/2022
Doha Bank, Milaha to enter key barometer in QSE
Milaha will join the Al Rayan Islamic Index, while Al Khaleej Takaful Group and Qatar Islamic Insurance will be removed from the index, a communiqué from the bourse said.
03/13/2022
Global banking CEOs optimistic of sector growth: KPMG
In its annual Global CEO Outlook report, where about 135 bank CEOs were surveyed, KPMG discovered a surging optimism fuelled by an innovation-based approach and innate commitment to organizational purpose
03/13/2022
Oman approves first licence for crowdfunding platform after rules change
Capital Market Authority says Ethis Investment is the first Islamic crowdfunding platform to be set up in the sultanate
03/11/2022
Dubai Investments board proposes $139mln dividend for 2021
The company proposed a 12 percent dividend for 2021
03/11/2022
Dubai a favorite destination as some Moscow-based bankers beat path to exit
Employees in Russia worry that they could get caught in the middle of rising tensions between Moscow and the West, sources said.
03/10/2022
Saudi January industrial output sees third highest rise in 3 years
Annual growth in manufacturing stood at 9.7 percent.
03/10/2022
Botswana to showcase trade, investment opportunities at ongoing Expo 2020 Dubai
“These sectors include mining and beneficiation, innovation, tourism, arts and culture and agriculture or foods of Botswana,” said Moagi.
03/10/2022
Dubal Holding reports profit of $735mln for 2021
The company, an investment arm of Dubai Government, said it is planning acquisitions in the global aluminium market
03/09/2022
Sotheby's International Realty brand opens first office in Kuwait
A New Concept In Real Estate Investment For Family Offices and High Net Worth Individuals
03/09/2022
Investcorp named 'Firm of the Year MENA'
This is a great achievement for the team and is a testament to our continued efforts towards contributing to the development of the private equity industry and the capital markets in the MENA region
03/09/2022
EFG Hermes signs EGP 600mln sale and leaseback agreement with LMD visionary real estate development company
The agreement capitalizes on EFG Hermes Corp-Solutions’ efforts to provide financing to Egypt’s premium real estate development firms
03/09/2022
Dubai Developments signed a contract with Etqan" as a financial and marketing consultant for its projects
Eng. Abd El Fattah AL Murr: our target to contract with major consulting companies locally and internationally
03/08/2022
Abu Dhabi developer Aldar plans to deploy more capital this year
Aldar’s full-year 2021 revenue went up 2 percent year-on-year to 8.58 billion in 2021, while gross profit rose 21 percent to 3.6 billion dirhams. Recommended dividend for shareholders increased to AED 0.15 per share.
03/08/2022
Dubai’s villa price boom won’t continue; prices already slowing down: Knight Frank
Villa prices in the emirate surged nearly 22 percent since the pandemic started, partly driven by huge demand from ultra-high-net-worth foreign investors who have appetite for luxurious homes.
03/08/2022
RAK’s Al Hamra earmarks Dhs1bn investment for five-year growth plan
Al Hamra’s growth plan includes enhancing its hospitality and retail offerings, and developing vertical and horizontal real estate assets