12/21/2020
Sovereign wealth funds help GCC weather COVID, oil shocks
Public institutional funds also contribute to cover budget funding needs of GCC
Alternative Investments
12/21/2020
Oil and gas leopards changing their spots to focus on investor returns
More oil and gas firms are “pivoting” their business models towards shareholder returns and away from high risk and reward exploration, an analyst has said.
12/21/2020
London analysts say ‘it’s time to bank on Dubai’ again
Morgan Stanley and Nomura Holdings Inc say festive season will provide a rebound
12/21/2020
French green bank expands into Saudi Arabia
Natixis was awarded a license to operate in the Kingdom by the Capital Market Authority in May this year
12/21/2020
EBRD and Cairo Amman Bank boost small businesses in Jordan
The loan comes under the EBRD coronavirus Solidarity Package, established to meet the immediate short-term financing needs of existing clients.
12/20/2020
Saudi Arabia 2021 budget expansionary; renews focus on healthcare, tourism: analysts
This is planned through government efforts to enhance spending efficiency and achieve fiscal stability, according to the budget statement.
12/20/2020
SMEs in UAE receive more than AED 420 million trade credit support in first 11 months of 2020
From Etihad Credit Insurance, translating into AED 1 billion secured turnover
12/20/2020
IMF projects Qatar's real GDP growth at 2.7% in 2021
IMF projects that the economy will contract by about 2.5% in 2020 due to a lower global demand for hydrocarbons
12/20/2020
Bahrain-based Investcorp sells Banque Paris Bertrand stake to Rothschild
Investcorp bought a significant minority stake in the bank in 2018
12/20/2020
Quara Holding Emerges as Saudi Arabia's Most Innovative Technology-Driven Investment Holding Company
Quara Holding represents a new generation of investment entities, which will integrate modern technology solutions across traditional sectors including real estate and financial services.
12/18/2020
Azizi Developments records sale of 315 retail units worth AED 458.68m
The developer's renowned Riviera project saw the highest sales of over 200 units
12/18/2020
EBRD liquidity support for Jordan District Energy
The EBRD funds come under the Bank’s €4 billion Resilience Framework in support of existing clients affected by the crisis.
12/18/2020
Signs of cracks for Dubai’s property sector in 2020, before a 2021 reprieve
Emaar Properties faces a quandary heading into 2021, according to Morgan Stanley.
12/18/2020
Turkey's Isbank prepares to issue $5 bln of debt to foreign investors
Isbank, established in 1924, is the largest private bank in Turkey with about 24,000 employees.
12/18/2020
Construction begins on Kuwait’s Boubyan Bank HQ
The activity was marked with a groundbreaking ceremony led by SSH and Perkins Eastman, who delivered design services for the project
12/17/2020
Saudi Arabia tops list for imports from Ras Al-Khaimah
Exports to the Kingdom by RAKCCI members valued at 582 million dirhams
12/17/2020
How will Banks in the GCC perform in 2021?
One of the established organizations in the UAE, Arabtec, has recently announced shareholders’ decision to dissolve the company.
12/17/2020
UAE billionaire Hussain Sajwani, family still own over 85% of firm, DAMAC clarifies
Only 3% of company's shares, not 34%, have been sold to foreign investors
12/17/2020
Natixis sees more deals coming from Gulf states monetising oil assets
Those investors raised debt through a bridge loan and bonds to back the acquisition.
12/17/2020
Dubai's Arabtec starts process for insolvent liquidation
Firm sticks to earlier shareholder ruling to discontinue business