08/10/2021
UAE fintech Sarwa raises $15m in Mubadala-led funding round
Mubadala and 500 Startups join board
Alternative Investments
08/10/2021
Nigeria's WEMA Bank expands long-term business agreement with Network International
This collaboration will provide the bank access to Network International’s advanced digital infrastructure, allowing it to better meet its customers’ payment and card needs in Africa.
08/09/2021
Khalifa Almehairbi: UAE real estate surpasses international ones in terms of appeal and returns
UAE vision and initiatives have enhanced confidence in the national economy
08/06/2021
Dubai Investments H1 profits surge by 47%
Total income for the period also increased by 51%
08/06/2021
SPACs are rising: 35 deals worth over $100bln announced in July
Refinitiv data shows 235 SPAC acquisitions so far in 2021
08/06/2021
Eshraq Investments improves net profit by 167.25%, returning to strong growth and profitability
H1 operating income of AED 10.20 million, representing 9.58% year on year growth, with net profit of AED 17.95 million
08/06/2021
Bahrain-based Inovest issues financial results
The basic loss per share for the first quarter of 2021
08/04/2021
Dubai company to link NSE with top Africa bourses
DirectFN is a global technology firm experienced in capital markets solutions across the Middle East and emerging and frontier markets. It has offices in UAE, Saudi Arabia, Kuwait, Sri Lanka, and Pakistan.
08/04/2021
Dubai-based company setup firm expands operations in Saudi Arabia
The company helps new entrants into the market to manage the legal requirements, arrange employment visas and other paperwork
08/04/2021
Saudi British Bank swings to $245mln Q2 net profit
Lower provisions and drop in opex contributed to the net income
08/04/2021
Investcorp swings to profit, N.American PE fund raises $1bln
Investcorp has also raised almost $300mln for its Technology Fund V so far, out of a target of $500mln
08/03/2021
Saudi mortgage lending surges 27% in first half of 2021 - SAMA
Saudi banks and financial institutions lent $21.06bln for residential mortgages H1 2021
08/01/2021
Mena region to see more SPAC deal
SPAC is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company
08/01/2021
Qatar’s fiscal account to return 'surplus' this year on 'recovering' oil price: EIU
On currency, EIU noted the Qatari riyal's peg to the US dollar will continue to be backed by “healthy” foreign reserves and QIA assets.
08/01/2021
GCC’s Islamic insurers face profitability challenges in 2021
High completion, asset price riks and slow premium collection to weigh on 2021 earnings
07/30/2021
Saudi Arabia plans $15bln technology fund with private investors- report
Investments in the fourth industrial technology to reach $200bln
07/30/2021
EBRD and Jordan Securities Commission strengthen cooperation
The EBRD is providing technical assistance to bolster the resilience of Jordan’s capital market, supported by €1.05 million of funding from the government of Japan through the Japan-EBRD Cooperation Fund (JECF).
07/29/2021
Barwa Real Estate posts QR533mn net profit in H1 2021
Development work on the two projects is expected to be completed by mid-2022;
07/28/2021
Al Fardan exchange partners with Empay’s contactless ecosystem
“The partnership opens yet another channel to extend Al Fardan’s services to a wider audience in the UAE, offering even more flexibility and choice to customers,” said Mr. Hasan Fardan Al Fardan, CEO of Al Fardan Exchange.
07/27/2021
US consultancy The Carnrite Group launches in Middle East
“We are excited to continue growing our team internationally, and thankful for our clients worldwide who trust us to help them with difficult business decisions,”