12/04/2019
Saudi Aramco attracts $38bn in orders from institutional investors
Aramco has previously said 0.5% of the offering will be allocated to retail investors, leaving 1% - or 2 billion shares - for institutional buyers.
Alternative Investments
12/04/2019
Another $7 billion of Qatari investments to flow into Turkey
The Qatar Finance Center and Turkey's Presidential Finance Office inked a memorandum of understanding, aimed at strengthening economic and financial ties between the two countries.
12/04/2019
Qatari companies make great progress in ESG integration: FTSE Russell CEO
'GCC market is making great progress in incorporation of ESG among Emerging Markets.
12/04/2019
Etihad Credit Insurance receives AA- rating with stable outlook from Fitch
The rating reflects ECI’s systemic importance to the UA
12/04/2019
Calling all entrepreneurs: Falcon Network launches 2020 funding round
The announcement follows the Network’s successful inaugural 2019 round which facilitated USD 450,000 of funding to six start-up businesses
12/03/2019
Egypt's economic reforms have reflected positively on industry and investments: Tetra Pak
The company has implemented 16,018 projects in the domestic market on capital equipment in 2019.
12/03/2019
GCC markets break their losing streak: Markaz
Abu Dhabi, Dubai and Qatar ended November in negative territory, with their indices decreasing by 1.5 per cent, 2.5 per cent, 0.4 per cent respectively.
12/03/2019
Egypt focuses on developing Africa
The forum made seven recommendations, including to call on international financial institutions and investment funds to finance infrastructure projects such as road networks, ports, airports, railways and energy projects.
12/01/2019
DAMAC Chairman's private investment firm acquires Italian fashion brand icon Roberto Cavalli
The acquisition of the Florentine brand was completed on November 28th.
11/29/2019
Bahrain's GFH Financial Group launches $200 million schools investment arm
Company plans to invest in mid-market schools where student capacity can be maximised
11/29/2019
'More Chinese investors eyeing Dubai's warehousing sector'
Growth in e-commerce has sparked Chinese investor interest for logistic solutions, says Lootah Real Estate Development official
11/29/2019
Retail investors snap up $10 billion Aramco shares
Offer likely to be oversubscribed when bigger institutional tranche closes next week and will be priced at top of the range
11/29/2019
Amanat Holdings plans to invest up to Dh900 million to boost growth
The company currently has Dh500m in cash
11/29/2019
Aldar begins reporting sustainability metrics
First annual sustainability report gives rundown on governance, community and environmental practices
11/29/2019
Frontier Markets and The Continuing Expansion of the MENA Proposition
“Frontier markets tend to be driven much more by what's going on domestically than by what's going on in global markets”
11/28/2019
The Banker Middle East Industry Awards 2019 Honours Top Achievers In The Region’s Banking And Financial Industry
The awards programmerecognisesthe ‘champions’ of the banking and financial industry,celebrating the success and achievements of the institutions who are playing a key role in the region’s development.
11/28/2019
A mixed UAE outlook for life and general insurance premiums
GCC insurance sector predicted to grow at moderate pace, say industry specialists
11/28/2019
NRI advisers win best practice awards in Middle East
Capstone Insurance Brokers and Nexus Group both scooped winning scores from International Adviser’s judges
11/28/2019
Gulf state investors step in to help Aramco hit IPO target
Aramco has struggled to secure an anchor investor for domestic listing and found little interest beyond the Gulf, forcing Riyadh to scale back ambitions for the state oil giant's IPO.
11/28/2019
Seven Tides rebrands development on Palm Jumeirah
Construction on project expected to be complete in Q4 2020