08/14/2019
Data usage in Arafat up by 90%, says Saudi Telecom
For the first time at the holy sites, the Saudi telecom operator allowed pilgrims to use the 5G network in several locations
Alternative Investments
08/14/2019
Sedco exits $338mln of global real estate investments
The seven properties span the residential, hotel, office, healthcare and logistics sectors in the US and the UK and all were acquired between 2012 and 2016.
08/14/2019
Swiss Re to set up new Ivory Coast reinsurance underwriting office to expand in Middle East and Africa
The office is expected to be fully operational by 1 October 2019.
08/14/2019
Damac’s Q2 profit drops 87% as revenue declines and expenses rise
The company’s revenue dips to Dh971m and expenses widen to Dh238m
08/14/2019
Ajman Free Zone partners with Dubai Insurance
Salem commented: “This agreement forms part of our endeavours to protect the rights of all workers in Ajman Free Zone, as well as assisting investors by removing a financial commitment.
08/14/2019
Network International first half revenues jumps
Network International posted revenues of $152 million in the first six months to June
08/14/2019
Businessmen and Investors More Optimistic on UAE’s Economy
84% of high net worth individuals, business owners optimistic on state of economy
08/14/2019
GCC set in the right direction to reach the center stage of global trade
In a recent report by World Bank, GCC's economic growth is projected to reach 3.2 percent in 2020 and stabilize to 2.7 percent in 2021 as compared to 2.1 percent in 2019
08/14/2019
Clifford Chance has advised Oman on its return to the international debt capital markets
Since the Sultanate's return to the international capital markets in 2016, Clifford Chance has advised the Sultanate on all of its bond and sukuk offerings.
08/13/2019
Saudi Aramco plans to buy 20% stake in Reliance’s refining unit
Coinciding with the release of first half results, Aramco signed a letter of intent to take a 20% stake in Reliance’s oil-to-chemicals business in one of the largest ever foreign investments in India, Reliance said on Monday.
08/12/2019
DXB welcomes 41.3mln customers in H1
A total of 41,277,749 customers travelled through DXB during the first half of 2019 (-5.6%).
08/11/2019
Egypt’s banks to pay back dues of Suez Canal certificates in September
Head of the Research Sector in the Pharos Holding for Investment Banks Radwa el-Swaify asserted that the dues will have limited impact on inflation rates because the depositors will continue to save the dues in the banks.
08/09/2019
Kuwait’s current account surplus rises in Q1-19
The Kuwaiti current account was boosted by the growth of income balance due to high returns on overseas investments
08/09/2019
African businesses eye UAE for growth, development
Africa is set to surpass China and India as a job market by 2040, and with the recent visa reforms in the UAE, Dubai has emerged as an attractive destination for Africans to pursue career advancement and professional fulfillment.
08/09/2019
Aldar eyes expansion into Egypt and Saudi Arabia as profit rises
The company posts 5% rise in Q2 profit on back of strong sales
08/09/2019
UAE's largest bank inks $60m deal with UK social housing provider
Optivo has secured a revolving credit facility from the UK arm of First Abu Dhabi Bank
08/08/2019
Investcorp annual net profit up 5%, cuts private equity co-investments
The creation of a European private equity fund with Coller Capital
08/08/2019
StanChart private equity spinoff targets Middle East
It is also planning to drop one of its investments in the Middle East and Africa over the next year.
08/08/2019
Aldar Properties Q2 profit up 7%, says Abu Dhabi sentiment up
Abu Dhabi property prices had been declining in recent years.
08/07/2019
How to rent a property in Dubai
Everything you need to know about leasing an apartment or home