03/22/2022
Saudi digital loan broker Arib raises $2.3m to expand operations
The capital will be used to obtain a licence, partner with financial institutions, grow its team and streamline operations, the company said
Alternative Investments
03/22/2022
APICORP receives ‘AA-’ credit rating from S&P Global
The rating enables APICORP to benefit from enhanced market access and mobilize financial resources at competitive rates
03/22/2022
Why crowdfunding is important for the UAE
The UAE Cabinet on Monday approved the use of crowdfunding in both public and private sectors
03/21/2022
Investcorp reaches €1.1bln of assets acquired in Europe
With acquisition of headquarters of Kering and a United Nations agency
03/21/2022
Dubai’s Shuaa Capital acquires majority stake in Souqalmal
Shuaa joins existing investors Riyad Capital and UK comparison website GoCompare
03/18/2022
Ithmaar Holding shareholders approve plans to sell range of Bahrain assets
The assets include Ithmaar Holdings’ ownership stake in both Bank of Bahrain and Kuwait and Solidarity Group Holding
03/18/2022
Banks in the UAE are already cashing in on DEWA IPO - by lending to potential investors
Retail investor interest is already peaking ahead of IPO's Mar. 24 subscription opening
03/18/2022
Private equity hits record high with buyout deal value reaching $1.1tn in 2021
“The most obvious impact will be on oil & gas supplies, which now face both political and physical risks.”
03/18/2022
RAK Properties begins foundation works at the Bay Residence project
The multi-service project will play a major role in enriching the general design of the entire Hayat Island
03/18/2022
Abu Dhabi welcomes launch of new global investment holding company
“Q Holding will be a prominent force in the vanguard of the next phase of economic development"
03/17/2022
Saudi’s Capital Markets Authority approves two more IPOs
Retal Urban Development Company and Abdullah Al Othaim Investment Company will both hold IPOs of 30 percent of their share capital
03/17/2022
Aldar Properties launches world’s first Louvre-branded residences in Abu Dhabi
Located within Saadiyat Grove, Louvre Abu Dhabi Residences will feature 400 apartments including five penthouses
03/16/2022
Emirates NBD takes lead in supporting upcoming IPOs
Fully digital platform to support investor participation ahead of upcoming listings on DFM
03/16/2022
Mauritius opens representative office at Dubai Chambers headquarters
MoU signed during visit of Mauritian President His Excellency Prithvirajsing Roopun GCSK, who officially opened the Economic Development Board (EDB) Mauritius representative office
03/15/2022
Seven Qatari banks post combined profit of $6bln
Seven out of eight Qatari banks rated by Moody’s saw improvement in 2021
03/15/2022
Gulf International Service will continue to focus on achieving cost efficiency
The Extraordinary General Assembly Meeting approved an amendment to increase the non-Qatari ownership limit in the Company’s share capital from 49 percent to 100 percent, ensuring that all relevant requirements are fully met.
03/15/2022
Oman Insurance reports highest net profit in last 7 years
With an exceptionally strong solvency ratio of 275%
03/15/2022
UAE Banks Federation calls upon SMEs in UAE to unlock their potential
With SMEs having such a sizeable impact on the national economy, UBF has vowed to support them through business-friendly initiatives that build on innovation, digitalisation, financial planning, banking partnerships, and optimum governance
03/15/2022
QC Chairman: Qatar’s national products are more competitive
QC Chairman also lauded the efforts made by the Ministry to support the local market, especially SMEs, affirming that this will reflect positively on the national economy.
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