07/12/2019
FlexxPay Raises Seed Funding To Launch In The UAE
The startup has already integrated its network with Abu Dhabi Commercial Bank to allow automated processing of salary advance requests on behalf of the employer
Alternative Investments
07/12/2019
Saudi sovereign wealth fund nears $10bn loan
Planned borrowing by the Public Investment Fund comes as it awaits payment for its Sabic stake
07/11/2019
79% of UAE investors consider increasing their local investments due to permanent residency scheme
Seventy-nine per cent of UAE investors say that with the launch of the permanent residency scheme (golden card), they will consider expanding their investments in the country, according to a survey conducted by Lootah Real Estate Development
07/11/2019
88% of Mideast investors have exposure to China
Middle East respondents have focused on building their expertise in China by investing in partnerships, developing in-house proficiency and setting up dedicated Asian offices
07/10/2019
Low provisioning costs raises banking outlook for Kuwait and Egypt
Lenders in Kuwait and Egypt in particular are expected to outpace the earnings growth of their counterparts in other parts of the broader region
07/10/2019
Dubai’s Jobless Recovery Adds Asterisk to Biggest Boom in Years
Although business confidence is on the rise, narrowing margins are forcing companies to keep their payrolls tight as selling prices fall.
07/10/2019
London Beats New York in Drawing Saudi ETF Investor Billions
Foreigners are net buyers of Saudi stocks each week this year
07/09/2019
All eyes on World Future Energy Summit 2020 in UAE capital
Visitors and delegates for 2019 included 13 heads of state, around 120 government ministers and 3,000 C-level executives.
07/09/2019
Damac to remain under pressure, EFG Hermes says
The company is expected to produce 'disappointing' numbers in 2019 through to 2021
07/08/2019
DGC partners with Sprii as part of its expanding investment portfolio
Raising an Additional $8.5mln in funding and investing in technology
07/08/2019
Middle East sovereign investors pivot away from Europe towards China
Eighty-eight percent of Middle East investors have exposure to China
07/08/2019
DP World launches new plan to attract more Indian investments to Dubai
DP World has launched The India-UAE Bridge initiative which aims to attract Indian trade and investments to its flagship Jebel Ali Port and Free Zone
07/05/2019
Egypt's Current Account Deficit Widens to $7.6 Bln in First Nine Months of FY 18-19
The country’s travel revenues, one of its main sources of foreign currency, rose to $9.4 billion from $7.25 billion a year prior.
07/05/2019
UAE’s Etihad Rail to seek $2bn for network expansion
Operator of the national rail network to approach banks for corporate loan
07/05/2019
UAE sees steady increase in mortgage transactions
The mortgage consultancy has also seen enquiries go up by 59% between April 2018 and April 2019, and submissions (to banks for mortgage approvals) by 78%.
07/05/2019
Israeli businessmen tout ‘relationships’ with Arab investors formed in Bahrain
An Israeli businessman said he and Arab investors at the Bahrain conference discussed plans to create joint Israeli-Palestinian industrial zones.
07/05/2019
DEWA honours distinguished employees for first half of 2019
DEWA also honoured divisions that won in the Health & Safety Week Award 2018
07/04/2019
ETF Asset Report of Second-Quarter 2019
Let's see how investors reacted to this situation and parked their money in the second quarter. The data is from etf.com (as of Jun 30, 2019).
07/04/2019
Masdar and FAB support energy-saving project for Future Rehabilitation Centre
Project will include new AC, solar panels, LED lights to save money for school
07/04/2019
Israeli businessmen: Manama workshop offers wealth of opportunity
Could a recent US-sponsored meeting on Middle East business help relations between Israel and Palestine?