02/15/2021
Dubai-based insurance firm Aman confirms closure of 'unprofitable' branches
But it continues to invest in new technology, aims to focus on new investment strategy
Alternative Investments
02/15/2021
Qatar's Investment Holding announces deals worth $55mln
Contracts signed by subsidiaries to strengthen firm's profitability, chairman says
02/15/2021
Trade between Saudi Arabia and Qatar to resume today
Saudi customs operations at the Salwa border crossing resumed last month following AlUla agreement
02/15/2021
$50m India-focused fund to be launched by UAE financial major
UAE-based Shari'ah-compliant financial services firm GII set to launch its second fund targeting a range of sectors in India
02/15/2021
QIC Group reports QR12.2bn gross written premiums in 2020
QIC’s continued endeavour towards process efficiency and automation resulted in further improvement of its already exceptionally low administrative expense ratio for its core operations to 6.2 percent.
02/15/2021
Report Highlights Silver Lining for GCC region in terms of Post Covid-19 recovery
The report takes a deeper look at oil markets, tax reforms, privatization and access to capital markets as well as the Post Covid-19 opportunities in healthcare sector, pharmaceuticals, agriculture and food security, petrochemicals and financial technolog
02/14/2021
Saudi index hits more than 9,000 points for first time since 2019
Most sectors trading in positive territory
02/12/2021
Julius Baer sees new prospects in Saudi stocks
Tadawul index reaches highest level in three weeks
02/12/2021
Long-term lower revenues to strain GCC spending: IMF
Cases of the virus peaked in the region around the middle of the year, in response to which GCC countries implemented stringent lockdowns and imposed travel restrictions.
02/12/2021
UAE's Oman Insurance records its best net income in 5 years, at Dh196.5m
Cost control and cash collection helps leading insurer get over COVID-19 issues
02/12/2021
Kuwait pension fund posts record asset gain but braces for volatility
The $132bn fund recorded 19.4% growth in assets during the first nine months of fiscal year
02/11/2021
Saudi Arabia, Oman most exposed to diminishing fiscal uplift from SWF buffers
Lower hydrocarbon revenues will translate into persistently higher budget deficits leading to higher financing requirements, Moody's said
02/11/2021
MENA states keen to invest in smart cities, social infra under BRI
There is also a rising interest in ‘greener’, more sustainable and eco-friendly sectors such as renewables
02/11/2021
NMC picks advisers to explore sale of core UAE, Oman business
The sale process will run in parallel with the ongoing restructuring discussions with NMC's lenders
02/11/2021
PwC's framework for delivering virtual healthcare strategies
Strategy and governance – As virtual solutions are now deployed throughout the region as a result of Covid-19, health providers should define the long-term strategic direction of virtual care.
02/11/2021
Dubai's stalled skyscraper project Marina 101 close to getting new investor
Dh800m tower is at 97% completion, but delayed after developer's payment issues
02/11/2021
Total deposits in Oman's banking sector grow 2.9% to OMR24.3 billion
The Omani oil price averaged $46.0 per barrel during January- December 2020, was lower by 27.6 per cent over the corresponding period of last year.
02/10/2021
UAE most competitive market in GCC; 4th globally
The UAE also topped all three individual sub-indices in the region
02/10/2021
Interview: UAE's Bee'ah to explore waste-to-energy plant opportunities in the region - CEO
The Sharjah-based company plans to make its home city the region's first to send zero waste to landfill, group CEO says
02/10/2021
Saudi's Anaam Holding to increase capital, targets $56mln
The company aims to finance future projects, acquisitions and investments