11/30/2020
Axa exits Gulf operations by selling stake for $269m to Kuwaiti firm
Divestment represents part of major global consolidation move by French insurer
Alternative Investments
11/30/2020
Emirates NBD Debuts Omnichannel Corporate Banking Program
The aggregation model works to provide advice for clients on business requirements to help enact a one-stop shop for banking products.
11/27/2020
Sarwa Capital announces closing of its EGP 2.5bn inaugural Sukuk issuance
The proceeds will be used for further expansion of Contact Credit and its affiliate companies.
11/27/2020
Qatar may attract FDI through PPP initiatives to meet healthcare sector demand: Alpen Capital
According to Alpen Capital, Qatar has already introduced compulsory health insurance for residents, enabling them to access affordable services at private facilities as well.
11/27/2020
Gulf bonds likely to set new record in 2021 amid budget squeeze
The oil-rich region saw a second consecutive year of record international bonds, topping $100 billion, as issuers' finances were battered by the COVID-19 pandemic along with low oil prices, with a few issues still possible before year-end
11/27/2020
Saudi Aramco’s $8 bln bond issue attracts 150 investors, says official
Saudi Aramco announced yesterday, Nov. 25, the successful completion of $8 billion senior, dollar-denominated bonds, unsecured by assets under its Global Medium-Term Note (GMTN) Program, data compiled by Argaam showed.
11/27/2020
Qatari investment body to acquire 10% share in Borsa Istanbul
The two countries on Thursday signed a total of 10 new deals to further advance their relations.
11/27/2020
QE's benchmark index surges 180 points in a week
Among the top losers, Dlala Brokerage & Investment Holding Company fell 4.7 percent, while Mazaya Real Estate Development was down 3.3 percent.
11/26/2020
Abu Dhabi’s Mubadala seeks Israeli tech, investment partners
Since the UAE and Israel agreed to normalize relations in August, the two countries have signed a host of accords to boost economic and business ties
11/26/2020
Turkey’s economy expected to grow 4.8% year-on-year in Q3
Turkey has recently imposed new measures to combat the coronavirus outbreak, as new daily symptomatic cases and deaths reached record levels in recent days.
11/26/2020
Why GCC bank profits will remain under stress despite Q3 revival?
Shrinking interest margins and higher provisions continue to hurt bank earnings
11/26/2020
UAE’s October and November Capital market performances and two strong movers
The Dubai benchmark has gained for the past four sessions in a row.
11/26/2020
Dubai real estate fund ENBD REIT faces 'significant pressure'; asset value falls
Net asset value lowered by $32mln in September due to COVID-19 slowdown
11/25/2020
Economic boost tipped after UAE company ‘game-changer’
Dramatic overhaul of corporate ownership laws follows accelerated reforms to shrug off pandemic slowdown
11/25/2020
Gulf families shift to ‘responsible investing’
Millennials lead the trend to sustainable assets among wealthy, survey finds
11/25/2020
QSE edges lower amid profit booking
A total of 79,475 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued together at QR227,755 changed hands across 15 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
11/25/2020
Dubai Islamic Bank lists $1bn sukuk on Nasdaq Dubai
Dubai Islamic Bank is now the largest UAE-based sukuk issuer by value on Nasdaq Dubai with a total of $7.3bn listed on the exchange
11/25/2020
UAE's ADGM to sign MOU with Israel's securities authority
The agreement to support mutual cooperation in financial technology
11/25/2020
ADIB offers $24.7m for UAE client to acquire UK Business Park
The $38.4m business park will comprise 15 mixed-use buildings with a total net lettable area covering 13,953m2
11/25/2020
Dorset business park to be acquired by UAE investor
The financing will support the AED 141m (£29.1m) acquisition of the Grange Road Business Park in Christchurch, which is set to provide the client with a cash on cash return of 8 per cent.