12/15/2019
Jubail Island Investment Company awards $21million infrastructure works contract
Works cover utility infrastructure development, including electricity, water, sewage, irrigation, telecom and gas networks, as well as street lighting.
Alternative Investments
12/15/2019
Pressure on UAE banks' profit margins to continue into Q4
The UAE banks' exposure to the real estate sector increased by 40 bps in Q3 2019, presenting a concentration risk
12/15/2019
KAMCO completes merger with Global Investment House
Kuwaiti company now boasts share capital of $112.5 million
12/13/2019
Sovereign Wealth: Technology's New Growth Engine
Sovereign wealth funds now maintain roughly $8 trillion in assets under management, even higher than the world’s hedge-fund or private-equity markets.
12/13/2019
UAE offers emerging European investors opportunities in an increasingly wide range of sectors
Croatia is already present in the country, thanks to the start-up STEMI, whose robots are teaching people from UAE how to programme, create 3D-models and their own mobile apps.
12/13/2019
Property magnate warns greed will lead to ‘disaster’ for Dubai’s housing market
Dubai’s economy grew at just 1.94% last year, its slowest pace since the dark days of the city’s near economic collapse in 2009.
12/12/2019
Mubadala looking for more investment opportunities in China — deputy CEO
US continues to be group’s main portfolio market with $100 billion in investments
12/12/2019
SoftBank invests $1.65 billion in supply chain finance. Why?
Following this initial $800 million investment, the SoftBank Vision Fund invested an additional $655 million in Greensill in October 2019, making a total of $1.455 billion.
12/12/2019
Qatar wealth fund to invest $450 mln in Adani power distribution arm
This is the second big investment in an Adani Group company after France’s Total SA decided to buy a stake in gas distribution company Adani Gas in October.
12/12/2019
Abu Dhabi Catalyst Partners announces three investments with aggregate capital commitment of $225 mn
All three investments involve meaningful commitments to a physical presence in the UAE’s capital and under the jurisdiction of Abu Dhabi Global Market, ADGM, the financial center that gives businesses operating across all sectors access to substanti
12/12/2019
Green Bonds: An option for UAE government to achieve its energy mix targets
Other than this, the UAE, along with other responsible countries, has engaged in a fight against climate change, and it strives to take actions on it.
12/12/2019
Dubai property sales reached an 11-year high in November
The Data Finder report added that the Dubai Land Department had also registered the sale of Burma Island, part of the World Islands, for Dhs112.77 million on Sunday December 8.
12/12/2019
New report reveals how the UAE economy will end 2019
Ministry of Economy releases economic forecasts for UAE
12/12/2019
Bahrain Football Team Get Gifts Worth More Than BD4 Million
Bahrain received US$3 million alone, around BD1.13 million, from the Gulf Cup’s organising committee – US$ 2 million was the grand prize for winning the tournament while the other US$ 1 million was for participating.
12/12/2019
KFH Participates in the 9th Industries and Construction Exhibition
Organized by ExpoTag For Exhibitions and Conferences, the exhibition is an opportunity for KFH to communicate with the participating companies
12/12/2019
Egypt receives $70B on its int’l bond issuance
The CBE governor explained that Egypt's growth rate is one of the highest in the world, which attracted investment.
12/12/2019
How Lebanese default would play out: An investor conundrum
“We think the status quo of ‘pay while you can’ will prevail because it presents the way of least resistance for policy makers.”
12/11/2019
Mubadala has invested $100bn in US, eyes China
Mubadala has invested $15 billion in Softbank’s Vision Fund I and recently announced plans to invest $250 million through two funds in technology firms in the Middle East and North Africa.
12/11/2019
High-tech facility opens in Kizad, to provide quality testing services
The inauguration marks a step towards the UAE government’s vision to raise the quality of the exports and locally traded products while protecting the interests of consumers and supporting the UAE’s competitive economy.
12/11/2019
Dubai bankers club seeks turnaround after membership dwindles
Once one of the city's most exclusive places to do business, the venue isn't being spared the economic slump that's weighing on the emirate.