01/23/2020
Gulf governments will rely less on bond markets this year
Cumulative gross financing needs of the GCC will narrow in 2020 on the back of prudent spending and higher oil prices, MUFG says
Alternative Investments
01/22/2020
CBO issues treasury bills worth OMR65 million
The treasury bills are short-term highly secured financial instruments issued by the CBO on behalf of the government, which help the licensed commercial banks to gainfully invest their surplus funds.
01/22/2020
Saudi Arabia issues US$5b of bonds as Gulf tensions ease
The kingdom issued US$5 billion of debt, taking advantage of low borrowing costs globally.
01/21/2020
Saudi investors in talks to buy London’s Ritz hotel, says report
Barclay brothers said to want £750m for landmark property
01/21/2020
Qatar National Bank Set to Compete with Korean Banks in South-east Asia
Currently, there are no deals in review, but the CEO clarified that any prospect in near future will be seriously considered.
01/21/2020
Emirates NBD marks sustainability milestone with three LEED Gold certified branches in UAE
Bank is the first in MENA region to secure LEED Gold certification for branches
01/21/2020
Shangri-La Dubai hotel tower sold at auction for $190m
Tower owned by Abu Dhabi-based Al Jaber Group is sold as part of multi-billion dirham debt restructure
01/21/2020
Saudi Arabia sees biggest rise in FDI in 10 years
FDI to kingdom rose to $3.50bn in first nine months of 2019
01/21/2020
Shuaa unit inks deal to manage portfolio worth $400 million
The deal will increase assets under management of Shuaa and its units to $13.4b
01/19/2020
In Dubai, developers turn mortgage providers
Banks’ reluctance is creating an opportunity for developers to sell and lend
01/19/2020
Fundraising on Mena equity markets hit all-time high in 2019
Saudi Aramco IPO pushed equity capital market issuance up five-fold to $27.4bn
01/19/2020
Ahlibank posts QR675.2mn net profit in 2019
Ahlibank’s Board of Directors proposed cash dividend of 15% and bonus share of 5% as dividend distribution for 2019
01/17/2020
Majority of GCC professionals see no uplift in salaries
The latest Hays 2020 GCC Salary & Employment Report found 54% of working professionals salaries remained the same year-on-year in 2019, 41% increased and 5% decreased.
01/17/2020
Mohamed Jameel Al Ramahi, CEO, Masdar: "UAE is ideally positioned to reassert its credentials as a global sustainability leader"
Predictions For 2020: The financial community is now responding to the growing public demand for climate action.
01/17/2020
Dubai-based PE firm Fajr Capital exits Brunei bank
Its shareholders include the investment agencies of the governments of Abu Dhabi, Brunei and Malaysia.
01/17/2020
Foreign investments in UAE stock markets rise to five-year high
Net investments of non-Arabs in the financial markets in Abu Dhabi and Dubai rise to $3.4bn in 2019
01/17/2020
Al Ramz acquires market-making business of Shuaa Capital
The deal comes after plans to sell the same unit to IHC got scrapped last year
01/17/2020
Emirates reveals plan to raise funds for Australian bushfire relief
There's been an outpouring of support from all over the world for Australia, including from the UAE.
01/17/2020
First-Of-Its-Kind Luxury vault and safe deposit facility unveiled at DMCC’s Almas Tower in Dubai
The first-of-its-kind vault further strengthens the position of Almas Tower at the heart of the region’s gold, diamond and jewellery trade; DMCC committed to supporting value services and solutions to DMCC member companies, the community and industr
01/17/2020
Issuers Shrug Off Geopolitical Risk as Investors Pile into GCC Bonds, Sukuk
A slew of GCC borrowers have moved to sell bonds and sukuk to global investors a further sign that regional borrowers and capital holders remain unperturbed by any perceived escalation in geopolitical risk.