12/30/2020
Saudi and Azerbaijan clinch $300m renewable energy projects
Deal set to boost Kingdom’s green energy, high-tech profile as ACWA chair hails milestone
Alternative Investments
12/30/2020
Qatar trade surplus at QR9.1bn in November
On monthly basis, Qatar’s exports in November 2020 increased by 8.3 percent compared to October 2020, preliminary data released by the Planning and Statistics Authority showed.
12/30/2020
Saudi Arabia eyes bigger overseas investments in industrial, services sectors: minister
Several companies, such as Saudi Aramco, SABIC, and ACWA Power, in addition to other private companies, are targeting international expansion in several sectors
12/30/2020
Dubai’s Empower awards $380m in construction contracts, up 23% since 2019
Dubai is aiming to be the city with the smallest carbon footprint in the world. Under the UAE Energy Strategy 2050
12/30/2020
EBRD and TSKB support Turkish medical equipment producer Asset Medikal
Asset Medikal is producing innovative needle-free valves, which prevent healthcare workers from accidental needlestick injuries.
12/30/2020
Gulf economies have handle on this crisis
With oil prices inching higher, they are better placed to take on the New Year
12/30/2020
2021 Global Networking Trends Report: business resiliency takes center stage
The report highlights the key enterprise network trends companies should consider ensuring they are well positioned to successfully navigate 2021
12/29/2020
Sharjah announces $9.14bn budget for FY 2021
The general budget for this year is the largest in the history of the emirate as it has adopted many strategic and financial objectives and priorities amid these challenging times.
12/29/2020
Foreign and Arab institutions increasingly turn net buyers on QSE
Islamic equities were seen declining faster than the main index on the market, whose capitalisation, nevertheless, saw QR78mn or 0.13% jump to QR609.17bn, mainly on microcap segments.
12/29/2020
Kuwait Financial Centre K P S C : Markaz wins three coveted categories from EMEA Finance Middle East Banking Awards 2020
Markaz wins three coveted categories from EMEA Finance Middle East Banking Awards 202028 - Dec - 2020
12/29/2020
Public Pension Agency investment in SMEs achieved 46% returns: Governor
The agency’s investments were temporarily affected by the pandemic, but began to recover gradually after the markets rebounded, Alnahas says
12/29/2020
PIF on track to becoming world’s first activist and futurist sovereign wealth fund
Already before the COVID-19 pandemic wreaked economic carnage across the globe, PIF was being lauded for using impact investment to pursue reform for the sake of future generations
12/29/2020
Qoyod closes a Series-A investment of $2.1mln led by Merak Capital
A few product roll-outs are in the pipeline, offering more comprehensive features
12/29/2020
Saudi trade exchange with Arab states hits $40.10bln in 10 months
The UAE was Saudi Arabia main Arab trading partner for merchandise trade during the ten-month period ended in October
12/29/2020
Abu Dhabi Global Market's registered licenses rise 43% in 2020
ADGM recorded a 193% jump in assets under management throughout 2020 to reach over $85bln by the end of the year
12/29/2020
EBRD to co-finance investment projects with Turkey’s Garanti BBVA
Under the agreement, the EBRD will share the risk of up to 50 per cent of each individual sub-loan provided to eligible businesses, identified jointly by the two lenders.
12/28/2020
GFH acquires roebuck, a specialised logistics & real estate asset manager in the UK
Roebuck, which was founded in 2009 by Hugh Macdonald-Brown and Nick Rhodes, has managed assets with a total investment value exceeding £1.4 billion covering over 15 million sq ft of floor area
12/28/2020
Fitch affirms QIIB strong rating at ‘A’ with a stable outlook
At the end of the third quarter of this year, QIIB achieved a net profit of QR785mn, while the bank’s total assets amounted to QR59.3bn and the financing portfolio stood at QR39.2bn.
12/28/2020
Dubai's Al Mal Capital raises Dh350m for its IPO in turbulent times
Funds will be used to build portfolio of leased assets in healthcare, industrial
12/24/2020
Qatar keen on establishing cashless society with fintech focus: QFC
The QFC, in the report 'Innovation and Fintechs in a Post-Pandemic World', highlighted that the fintech ecosystem has benefited from a range of initiatives that have all been offered virtually to cater to their current needs.