11/16/2020
UAE takaful insurer Aman's Q3 net profit up 14pc
Aman has written a gross contribution of AED173.2 million for the Q3 and has shown a profit of AED 600,000 attributable to policyholders.
Alternative Investments
11/16/2020
UAE in strong position to become global leader in developing Islamic Economy: Dubai Crown Prince
Speaking about the global impact of the COVID-19 pandemic, Sheikh Hamdan pointed out that the Islamic Economy sector has the potential to lead post-pandemic global economic recovery.
11/13/2020
GFH reports net profit of US$23.17 million attributed to shareholders for the first nine months of 2020
The Group reported net profit attributable to shareholders of US$8.11 million for the third quarter of 2020 compared with US$19.84 million in the third quarter of 2019, a decrease of 59.1%.
11/13/2020
State investors help plug Saudi Arabia's yawning deficit
In normal times the funding of the government from its own related entities may cause concern over transparency of the ultimate debt figure and over the autonomy of those related entities.
11/12/2020
Shuaa Capital delivers solid Q3 performance, with Q3 net profit of $16.97mln
The Group also saw continued strong EBITDA generation with Q3-2020 EBITDA standing at $31.06mln
11/12/2020
Third quarter revenues propel Waha capital into profit
Net profit (attributable to owners of the company) of AED 86 million in 3Q20, against net loss of AED 205 million in 3Q19
11/12/2020
Kuwait’s $124bn pension fund plans infrastructure boost
The new plan, developed with US-based consultancy Mercer, will start next year
11/12/2020
Italy looks to new business and political ties with Saudi Arabia
Undersecretary for trade says Saudi Arabia’s response ‘will help defeat pandemic’
11/12/2020
Aldar Q3 2020 revenue up 30% to AED 2.1 billion and net profit up 8% to AED 416 million driven by record quarter for development business
Strong financial performance reflects the strength of Aldar's diversified business structure
11/12/2020
Bahrain first in GCC to allow use of convertible notes
Lenders can be repaid in equity rather than cash
11/12/2020
Bahrain-based Investcorp sells eight US assets for over $900mln
The properties were garden and townhome-style apartment buildings located in Arizona, California, Florida and New York
11/12/2020
What Bank Of The Future Looks Like
The COVID-19 pandemic has caused major changes to the way we live and work and forced us to form new habits to adapt to the ‘new normal’.
11/12/2020
SICO reports BD 1.7 million net profit in the first mine months of 2020
The bank's performance was supported by strong third-quarter results with net profit growth of 119 % compared to same quarter last year
11/12/2020
Egypt secures $7.308bn in financing over 2020: Al-Mashat
Ministry committed to charting course of development financing to accelerate progress of SDGs
11/12/2020
FAB awarded global custody mandate for Shuaa Capital
Shuaa funds platform is expected to be the largest of its kind to be domiciled in ADGM
11/12/2020
Louis Dreyfus to gain first outside investor via deal with Abu Dhabi's ADQ
The deal also includes a long-term supply agreement to sell agricultural commodities to the United Arab Emirates, the companies said.
11/12/2020
International Investor Magazine announces its final round of business award winners for 2020
Our readers have selected organisations that are bringing better ways of doing business to the investment community.
11/11/2020
Expo 2020 Dubai: Top official reveals new timetable for global event
COVID-19 caused event to be postponed seven days before first test event in March
11/11/2020
QBIC launches 2nd wave of Lean Manufacturing Programme
The LMP modules, which also include customer validation, product prototyping, marketing and sales strategy, factory design, and machinery mapping, will be delivered virtually through weekly interactive workshops and training sessions.
11/11/2020
UAE's ADNOC, ADQ launch TA'ZIZ JV to drive growth and investments
Potential anchor chemicals projects selected as part of $5bln phase one investment