03/27/2020
UAE govt grants businesses 20% reduction in water, electricity bills as part of coronavirus aid package
Many businesses have been told to close during the coronavirus crisis
Alternative Investments
03/27/2020
Dubai's Al Zarooni Group announces three-month rent waiver worth AED 25 million for mall tenants
Rental relief for tenants at Mercato and Town Centre Jumeirah is part of support offered to retailers affected by COVID-19 outbreak
03/27/2020
Gulf equity markets set to remain volatile in near term, says Kamco
Currently, investors can play the dividend opportunities that have emerged (more than 5% dividend yields), with certain dividend record dates beyond March 15, 2020.
03/26/2020
Gulf dollar bonds rally as global markets rebound
Gulf bonds posted further gains on Wednesday
03/26/2020
UAE banker to open investment management venture
Aimed at investors in the Middle East, Africa, India, southeast Asia, US and UK
03/26/2020
Salama Insurance achieves AED 55 million net profit in 2019
The Board of Directors recommends cash dividends
03/25/2020
Global economies open cash taps and hope
But even with all that promised funding, there is no guarantee pain will be any less
03/25/2020
Abu Dhabi exchange ADX turned into a public joint shares company
Abu Dhabi Securities Market (ADX) has been converted into a public joint shares company owned by a state entity ADQ, according to an Abu Dhabi government tweet
03/25/2020
Egypt to pay pensioners five allowances
The variable wage rate will be resettled by adding 80% of the private allowances
03/25/2020
Investor becomes shareholder in Xinja Bank
Xinja Bank founder and CEO Eric Wilson said he believed this was the largest single investment in an Australian neobank or start-up.
03/24/2020
Emirate of Sharjah lists US$200 million Sukuk on Nasdaq Dubai
The Emirate of Sharjah’s latest $200 million Sukuk was listed on 19th March 2020.
03/24/2020
Misr Life Insurance accepts premium payments through electronic platforms
Misr Insurance Holding Company and its subsidiaries urge its customers to carry out their insurance dealings through electronic payment and digital applications
03/24/2020
EFG Hermes concludes advisory on Al Habib Group’s $700 million IPO
The transaction saw the group offer 52.5 million shares (representing 15% of its share capital) to investors at SAR 50.00 per share.
03/23/2020
New Report Exposes Nigerians Owning Property in Dubai
The report, according to its author, is based largely on private data compiled by UAE-based real estate and property professionals.
03/23/2020
Azizi Developments' website traffic surges 45%
Azizi's construction is progressing swiftly with operations being unaffected by the current global situation
03/23/2020
Emaar Group adopts work-from-home policy for employees
Remote-work policy, effective from Monday, is in line with country's 'Stay at Home' campaign
03/23/2020
Dubai’s Rise raises $1.4 million investment to provide financial services to low-income migrants in Gulf
Rise claims to have grown over 50 percent month-on-month and brought over $125 million of annualized income into the financial services sector.
03/22/2020
Abu Dhabi Securities Exchange to provide free of charge remote e-voting for Annual General Meetings of listed companies
This move will enable a crucial aspect of AGMs to be carried out remotely and will apply to AGMs taking place from the 17th of March until the end of April 2020
03/20/2020
Foreign funds’ enhanced buy interests lift Qatar bourse
The weakened net selling pressure from non-Qatari and the Gulf individuals also had its influence on the market, whose year-to-date losses were trimmed to 16.92%.
03/20/2020
Foreign property buyers in UAE to slow down, as coronavirus travel restrictions intensify
Real estate sector remains resilient so far, according to Savills