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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.

02/16/2022

Dubai's National General Insurance posts 53.5% rise in 2021 net profit

Gross premiums, income from investment portfolio are also up

02/15/2022

Emaar Properties’ 2021 profit jumps 80% on record sales

The developer’s revenue rose more than 57% to $7.7bn

02/15/2022

Waha Capital delivers net profit of AED 391mln

A 69% increase on the previous year

02/15/2022

SHUAA Capital net profit before one-off impairments reaches record high of AED 229mln

And net profit after impairments AED 40mln

02/15/2022

'Arab banks are well prepared to counter cyber-security challenges'

Wissam H Fattouh, Secretary-General of the Union of Arab Banks, lays out the roadmap for the region’s banking institutions.

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Oman’s insurance sector investments climb 10.3% to $2.28bn in Q1

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