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Alternative Investments

02/14/2020

Investors oppose delisting of Dubai real estate fund amid property slump

The investors include the UAE's National Bonds, alternative investment firm Sancta Capital and Saudi insurer Tawuniya, as well as Emirati and Saudi family businesses, said one of the sources.

02/14/2020

SHUAA Capital reports first post-merger preliminary FY 2019 consolidated results

Strong financial performance in a transformational year

02/14/2020

Ithmaar Holding reports profits for the year

EPS for the year ended 31 December 2019 improved to US Cents 0.02, compared to negative US Cents 0.82 for 2018.

02/14/2020

Dubai's Union Properties posts net losses of $59.5m

Dubai developer blames bank financing costs and a 'stagnation' in the real estate sector for 2019 performance

02/13/2020

Saudi Arabia vs. Dubai Could be the Gulf’s New Business Rivalry

Crown Prince Mohammed bin Salman is trying to reshape the kingdom into the new place to do business.

02/13/2020

Saudi Wealth Fund Aims for More Than 1,000 Employees By Year End

The PIF has invested in companies such as Tesla Inc. and Uber Technologies Inc. and made a $45 billion commitment to SoftBank Group Corp.’s Vision Fund.

02/13/2020

Saudi Arabia reportedly set to invest $30bn in Bangladesh

“Saudi investors are ready to invest any amount in Bangladesh but it depends on how much the country can consume,” he said.

02/13/2020

Investors oppose delisting of Dubai real estate fund amid property slump

Dubai real estate investment trust ENBD REIT is facing opposition to going private from some shareholders who fear the move could further erode its value, two sources said.

02/13/2020

67 listed companies on UAE's financial markets report $20.57bln in profits during 2019

Fifteen national banks registered $12.75bln in 2019

02/12/2020

Future Market Insights Expands Middle East Operations, Opens Dubai Office

On its fifth anniversary, the company has unveiled a strategy centered around new collaborations, expanding regional focus, and advancing technology and real-time interactions

02/12/2020

Dubai's Shuaa Capital completes deal to sell market-making business

Shuaa says it has sold its market-making unit in all-cash deal to Al Ramz Corporation Investment & Development

02/12/2020

UAE investment firm buys 1,352 homes, offices in $272m deal

Sheikh Mansour-owned Emirates Strategic Investments Company acquires two mixed-use properties in the UAE

02/12/2020

Kardashian pal raises eyebrows brokering access to Saudi fund-WSJ

Carla DiBello has a close relationship with Saudi sovereign wealth fund chief Yasir Al-Rumayyan, sources tell WSJ.

02/11/2020

Dubai's luxurious QE2 offers trade licenses, intelligent workspaces

KIKLABB will provide its services for international companies, SMEs, start-ups, investors, and entrepreneurs

02/11/2020

Bahrain's Bank ABC reports profit drop as costs and credit losses climb

Efforts aimed at digital transformation drove costs 11 per cent higher last year amid fourth-quarter launch of mobile-only 'ila Bank'

02/11/2020

Al Salam Bank-Bahrain offers exclusive property financing for Saraya Al Reem 3 villas

The three- and four-bedroom luxury villas in Saar are ready to move into

02/10/2020

Bahrain's GFH acquires US hospitality portfolio for $250mln

The transaction has been undertaken in a joint venture with Arbor

02/10/2020

Dubai DFM's net profit falls by 4%; $54mln cash dividend proposed

Net profit reaches $32.8mln in 2019 on the back of low trading values

02/06/2020

ADNOC Logistics testing biofuel to reduce fuel consumption

The move forms part of the company's ambitious climate-protection goals

02/06/2020

Dubai Investments posts $179mln profit in 2019

Dubai-based group said that 2018 profit included a one-off gain on merger and acquisition transaction

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