07/31/2020
UDC posts net profit of QR101m in H1 2020
UDC is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to Qatar’s growth and providing shareholder value.
Alternative Investments
07/31/2020
Saudi Arabia's Economy Hit Hard by COVID-19, Posts $29 Billion Deficit in Q2 2020
Economists have said this could restrict recovery as curbs aimed at reducing the spread of the coronavirus are lifted.
07/31/2020
Newcastle owner Mike Ashley banks £17m from takeover saga despite Saudi’s proposed £300m deal collapsing
The takeover has been dogged by trouble from the outset.
07/31/2020
Saudi firms struggle to maintain investor relations
Amid the Covid-19 crisis, too many Saudi companies are forgetting that investor relations is an “essential” part of their businesses
07/30/2020
Metlife Gulf releases its 2020 Claims report
The report covers data from 2017-2019 and offers a detailed look at all aspects of Medical and Individual claims for MetLife in the Gulf region
07/30/2020
MENA fund managers to increase Saudi investments with eye to recovery
Half of the eight fund managers polled by Reuters said they would increase their allocations in Saudi Arabia, the Gulf's largest economy
07/29/2020
Aramco CEO honored with Kavaler Award
The recipient of the Kavaler Award is chosen by a peer group of executives in the chemicals industry, selected by the consultancy ICIS, and the Chemist’s Club, a professional executive organization.
07/29/2020
Gulf banks are weathering the pandemic storm — for now
After the most challenging six months for years because of the pandemic lockdown and sharp fall in economic activity, a big jump in bad debts might be a healthy sign of financial prudence on the part of ENBD.
07/29/2020
Apex Dubai Expands Relationship with ENBD REIT
Apex to provide ENBD REIT with property-level accounting and reporting services through the Yardi platform
07/28/2020
Alliance Global supports the MenaLabs in Dubai in the fight against COVID-19
The Alliance Global team provided technical and applications training to MenaLabs' personnel to help them use the installed system optimally
07/28/2020
Sharjah developer Arada bucks UAE property downturn with 10% rise in H1 sales
Emirati investors and project handovers boost sales for Sharjah's largest property player
07/28/2020
Private sector companies in Abu Dhabi restricted to 60% on-site workforce capacity
Abu Dhabi has issued a new set of precautionary guidelines for all private sector firms operating within the emirate
07/28/2020
Gold may correct to $1,700 near-term, but bounce back to $2,500
Holdings of physically backed gold products have risen by 160 tonnes this month, taking the year-to-date total to almost 900 tonnes.
07/28/2020
Damac, Arabtec stock rallies keep UAE markets buzzing
Damac's gains are built around now intense speculation company will go private
07/27/2020
Global equities likely to remain volatile as rising number of new cases could potentially impact the pace of economic recovery
Allied Investment Partners PJSC Market Report
07/27/2020
Dubai’s real estate sector records transactions worth Dhs72.5b in H1
Women accounted for a substantial share of the number and value of investments.
07/27/2020
Saudi's Taiba Investments secures $361.8mln financing from Al Bilad Bank
The company said in a statement that the financing period will be 14 years
07/27/2020
Markaz: Issuances by GCC sovereign entities increased by 40% year-on-year amid growing budget deficits after the double blow of Covid-19 and slump in oil prices
Primary issuances of Bonds and Sukuk in the GCC amounted to USD 70.7 billion during H1-2020, an increase of 9% year-on-year
07/27/2020
Saudi Stock Exchange to Stimulate Sustainability for Family Businesses
They invited family companies to seize the opportunity of the financial market to gain sustainability through the Tadawul market and Nomu, especially with the incentives and procedural facilities that are being provided.
07/27/2020
What’s next for venture capital in the Middle East?
Although venture capital funding has slowed across the MENA region in the wake of the coronavirus crisis, there remain several opportunities for entrepreneurs, says Fady Yacoub, of the global technology investment firm HOF Capital.