02/24/2022
Shipsy raises $25mln in new funding round, eyes Middle East expansion
Company also intends to use new capital to expand in India, Southeast Asia
Alternative Investments
02/23/2022
Saudi SABB signs $693mln financing facility for Riyadh mall
Financing will support construction of The Avenues-Riyadh
02/23/2022
First Abu Dhabi Bank takes orders for $500mln sukuk
Initial price guidance for the sukuk was around 85 basis points over U.S. Treasuries, according to the document from one of the banks on the deal
02/23/2022
Brookfield negotiating with First Abu Dhabi Bank to buy $1bn payments arm
FAB turned Magnati Payment Solutions into a fully-owned subsidiary in April
02/22/2022
UAE becomes world’s largest rough diamond trading hub
UAE has increased its rough diamonds trade by 76%, overtaking Belgium
02/22/2022
Bahrain tops in MENA for key economic freedom factors
The 2022 Index of Economic Freedom measures the level of economic freedom based on 12 factors, grouped into four categories: rule of law, government size, regulatory efficiency, and open markets.
02/22/2022
Saudi PIF-owned ADES secures $1.6bln from banks
He said this funding will allow them to do organic and inorganic acquisitions.
02/22/2022
Sovereign sukuk to fall to $73bln this year; Saudi Arabia leads decline: Moody’s
GCC sovereigns are likely to see a surplus of $50bln in 2022
02/22/2022
Qatari prince sells Parisian mansion for $305mln
Transaction is one of biggest ever deals for private property in French capital
02/21/2022
EIBFS is committed to creating bankers for future: Al Jassimi
Over the past 38 years the instiute has trained 292,887 banking professionals
02/21/2022
Saudi Arabia real estate: Vast majority of kingdom’s richest want to buy a new home in next 12 months
The survey was carried out in partnership with YouGov.
02/21/2022
Qatar's nominal GDP forecast at $203.9bn in 2023: Emirates NBD
"We had assumed that Opec+ would restrain production below their target levels to avoid over-supplying markets"
02/18/2022
Abu Dhabi's Response Plus Holding posts $17.7mln net profit for 2021
Healthcare services provider says 2021 has been a 'remarkable' year
02/18/2022
BHM Capital Financial Services records nearly AED 13mln net profit in 2021
Leading company achieves 125% growth
02/18/2022
India and UAE to sign trade deal worth $100bln
The new deal is expected to elevate the imports of Indian products in the UAE, especially textiles, jewelry, and gems.
02/18/2022
Egypt aims to expand in financing technological, innovative projects: Gamea
Venture capital programme worth $50m launched to finance new, existing investment funds
02/17/2022
Kuwait's Markaz Q4 net profit falls 72%
Board proposes 10% cash dividend, 5% bonus shares
02/17/2022
Dubai's BHM Capital 2021 net profit rises 125% to $3.53mln
Company records 45% increase in new account openings
02/17/2022
Dubai's National General Insurance posts 53.5% rise in 2021 net profit
Gross premiums, income from investment portfolio are also up
02/17/2022
Barwa Real Estate posts QR1114m net profit for 2021
As a result of the Group’s success in developing a balanced real estate portfolio has helped to cope with market fluctuations.