10/01/2020
Saudi Arabia looks to cut spending in bid to shrink deficit
Saudi Arabia has issued about SR84 billion in sukuk in the year to date
Alternative Investments
10/01/2020
Qalaa Holdings records significant 105% y-o-y top-line growth in 2Q 2020 to EGP 7.4 bn and 148% on a six-month basis
Despite unprecedented global challenges; performance driven primarily by ERC which was officially inaugurated by H.E President Abdel Fattah El Sisi on 27 September
10/01/2020
Mubadala announces long term investment partnership with Silver Lake
Partnership will see Mubadala supporting Silver Lake with a $2 billion investment
10/01/2020
UAE construction industry on edge as Arabtec eyes 'liquidation
UAE banks already reducing project funding and it adds to uncertainty for contractors
10/01/2020
Middle East’s first sovereign green bond sees strong demand
The Arab world's most populous nation sold the 5-year notes at a yield of 5.25%, well inside an opening target of about 5.75%, after amassing more than $3.7 billion of investor orders.
10/01/2020
Syrian olive trees put down roots in Kurdish Iraq
Raw olives are a staple on Levantine lunch tables while their oil is used in cooking
10/01/2020
Bahrain – We overcame the circumstances by effectively implementing our strategy...
Currently, we focus on investing in the Kingdom of Saudi Arabia to distinguish its economy and its high demand, explaining that the focus is on managing schools and establishing new schools.
10/01/2020
Gulf financial resilience to help ‘difficult’ recovery
Most government ratings have been downgraded in recent years as oil declined from historically high levels, but of sovereign ratings in the region only Bahrain and Oman had been classed as non-investment grade.
09/30/2020
Qatar’s general PPI rises 4.9% in August: PSA
In terms of mining, the PPI for August showed an increase of 7.1% when compared to July, primarily due to the increase in price of crude petroleum and natural gas by 7.1%.
09/30/2020
Gulf financial resilience to help ‘difficult’ recovery
Abu Dhabi’s sovereign debt is classed AA by S&P
09/30/2020
Turkish lira slides to record low amid Armenian tensions
The lira, already among the worst performing European currencies this year
09/30/2020
Egypt issues first green bonds in MENA
“We obtained a strong second party’s opinion on the quality of eligible environment-friendly projects,” he added.
09/30/2020
Abu Dhabi's Khalifa Fund launches 'SME Rating' classification
It will help SMEs measure key financial and operational indicators when applying for funds
09/30/2020
Qatar participates in meeting on Financing 2030 Agenda for Sustainable Development
The State of Qatar was represented at the meeting by Minister of State for Foreign Affairs, H E Sultan bin Saad Al Muraikhi.
09/30/2020
Zain Saudi raises $1.6 billion Islamic loan
The new debt package has a two-year grace period and better commercial terms, said the company, which is 37% owned by Kuwait's Zain Group.
09/30/2020
Saudi giga project developers insist: 'We're not rivals'
Companies behind Neom, Amaala and Diriyah Gate say they are working together to transform Saudi Arabia
09/29/2020
‘Relief rally’ pushes equity markets higher; bonds flat
Dollar falls from two-month highs; US Treasury yields hover near 0.66 percent
09/29/2020
G20 backs Saudi Arabia’s circular carbon economy strategy
Energy ministers from world’s leading economies endorse ‘holistic, integrated, inclusive and pragmatic approach to managing emissions’
09/29/2020
ICM.com Awarded “Most Trusted Forex Broker - Middle East 2020”
The award was presented to ICM as part of The Global Forex Awards 2020
09/29/2020
Shaq Insurance to support Qatar’s economic diversification
Jonathan Matchett, partner, Mena Insurance Leader, Ernst & Young, said the Mena insurance industry is going through an unprecedented level of change and disruption, due to the impact of the Covid-19 pandemic.