03/05/2021
UAE firm picks Paris to sign biggest ever real estate deal
Gulf Islamic Investments will pay $301m for Altais Towers in its first acquisition in the French capital
Alternative Investments
03/05/2021
Dubai risks driving out stock investors as top firms delist
As well as depriving investors of exposure to one of the emirate’s strongest sectors, removing a $6.3bn company from the DFM exchange may simply drive away would-be buyers, both big and small, from future offerings.
03/05/2021
Egypt meets 100 foreign firms operating in country to encourage investment
Many of the firms attending the meeting announced plans to inject finance into the Egyptian economy
03/05/2021
Sabbour Consulting wins bid for development in Upper Egypt
“The contract with Sabbour Consulting comes with the aim of achieving the goals that the company aspires to, in creating a unique and distinctive real estate product of civilised and social value, one that contributes positively and effectively in d
03/04/2021
Dubai-listed Emaar Properties and Emaar Malls announce merger plans
As part of the transaction, the existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties
03/04/2021
Full commercial ownership, smart data, sustainability at forefront of UAE’s business landscape
The ‘Changing Landscape of Business ownership in the UAE’ series aimed to simplify the various laws and regulations for business owners entrepreneurs in Dubai
03/04/2021
$7.62bln in cash dividends proposed by 38 UAE listed companies for 2020
Banks are the largest distributors of profits, with eight Emirati banks reported to disburse up to $4.16bln to their stockholders
03/04/2021
Sharjah sells $1.25 billion in bonds
$750 million is in 12-year notes at 3.625% and $500 million in 30-year bonds at 4.75%
03/04/2021
Kamco Invest reports KWD15mn fee income, KWD2.7mn losses in 2020
The slow of business since March 2020 had a negative
03/04/2021
Saudi Arabia dominates MENA IPO market in 2020
The fourth quarter of 2020 was the strongest for IPOs based on proceeds
03/04/2021
Rami Beracha to Launch Pioneering Dubai Investment Fund
The new investment fund aims to connect companies and local entrepreneurs, create a global renewal center in the Persian Gulf state, and position the UAE as a center of excellence.
03/03/2021
Driving consolidation: Dubai's Emaar set to merge its malls, properties business
Subject to regulatory approvals, shareholders of Emaar Malls will receive 0.51 Emaar Properties shares for every one Emaar Malls share
03/03/2021
Abu Dhabi's Mubadala hires banks for dual-tranche euro bonds - document
Citi and JPMorgan were hired as global coordinators, with Abu Dhabi Commercial Bank, BNP Paribas, First Abu Dhabi Bank, ING, Morgan Stanley and Standard Chartered as joint bookrunners
03/03/2021
Jadwa Investment launches mezzanine financing fund
The fund will provide Shariah-compliant mezzanine financing to high-quality companies through a commodity murabaha arrangement, with the aim of generating a stream of income distributions for the fund’s investors.
03/03/2021
CBZ chair punts agritech, mining in push for UAE investment in Zimbabwe
“In particular, the UAE is everywhere and dominant,” he said. “It’s been especially aggressive through strategic investors,” he said.
03/03/2021
Global Business Forum roadshows identify new business opportunities in African markets
Series of 6 virtual roadshows joined by over 60 prominent businessmen, trade officials and other stakeholders from a wide range of economic sectors in East Africa, West Africa and Southern Africa
03/02/2021
DAMAC Properties mulls increasing stake in DAMAC International Limited
The Dubai-based developer currently owns a 20% stake in the subsidiary
03/02/2021
Abu Dhabi's ADQ assets estimated at $110bln
Oil-rich Abu Dhabi manages more than $1trln in sovereign wealth capital
03/02/2021
UAE's Gulf Capital exits investment in energy firm ECDC Holding
Company first partnered with ECDC in 2014
03/02/2021
COVID-19 hasn't drastically altered principles of doing business, says Jacky's Ashish Panjabi
Panjabi is not too taken up with all that talk about disruptions all over the place