11/19/2019
Dubai's Shuaa Capital says plan to sell market-making unit fails
Buyer pulls out of deal to acquire Shuaa Capital International but to proceed with plan to buy securities brokerage
Alternative Investments
11/18/2019
Eager Saudis prepare to snap up stakes in ‘crown jewel’ Aramco
The marketing blitz contrasts with the other bumper share sale this month, the secondary listing of Chinese retail titan Alibaba
11/17/2019
Abu Dhabi bond offerings to use private cash to tackle social ills
The first 'social impact bonds' to be introduced in the Gulf were welcomed by Gordon Brown, former UK Prime Minister
11/17/2019
Trading activity in regional markets expected to be dominated by sentiments in global markets
However, the mixed economic data during the week led to volatility in rest of the global markets
11/15/2019
UAE launches venture capital fund for defence and security SMEs
Supply chain finance will also be made available for confirmed projects within the UAE
11/15/2019
UAE venture selected for Inclusive FinTech Accelerator Programme 'Finance Forward'
The program will take place from November 17-20 in Amman and two peer-selected finalists from this cohort will receive grant capital provided by MetLife Foundation totalling USD $50,000.
11/15/2019
Blame game: addressing the UAE's SME debt dilemma
Investors who had lost hundreds of thousands of dirhams in the failed business told Arabian Business at the time that Ford’s false promise made their “blood boil”.
11/15/2019
L&T Cap likely to sell Dubai Wealth business
The wealth book is estimated to be about $200-250 million which may be valued between 2 and 5 percent of the book size.
11/15/2019
Norway fund shuns G4S over human rights violation risks
Many of G4S's employees in in Qatar and the United Arab Emirates are migrant workers who paid recruitment fees to join the company
11/14/2019
NCB and USAID begin US$25mn partnership to stimulate SME growth
The initiative will be known as the Development Credit Authority or “DCA” Loan Portfolio Guarantee Agreement.
11/14/2019
QIIB successfully issues ‘Additional Tier 1 Perpetual Sukuk’ of $300mnNovember
“This is the first time that a Qatari bank has issued additional Tier one eligible as capital sukuk in the international market.
11/14/2019
Saudi’s Dar Al Arkan rings Nasdaq Dubai bell to mark $600m sukuk
Five-year sukuk due in February 2025, which was more than 2.5 times oversubscribed, bears a coupon rate of 6.75%
11/14/2019
Damac's 9-month revenue at Dh2.8 billion
Shareholders' equity stood at Dh14.2 billion as on September 30, 2019."
11/14/2019
Egypt starts marketing triple-tranche dollar bonds
The bonds will be priced later on Wednesday, according to the document.
11/14/2019
Beit Al Khair Society spends AED 53 million on ‘Aman Programme’
A total of AED1.1 million was awarded to the Families of People of Determination while Monthly Food Assistance worth AED 6 million was also provided, he added.
11/13/2019
How can MENA businesses raise funds to accelerate sustainable growth
Experts at the panel titled ‘Raising Funds to Accelerate Corporate Sustainable Growth’ discussed viable funding options like initial public offerings and private financing.
11/12/2019
Egypt's New Wealth Fund Eyes Stake in Siemens-Built Power Plants
The acquisition will be part of the fund’s “project pipeline into the sector, then an investor would be selected to hold the remaining stake,” Chief Executive Officer Ayman Soliman said in an interview in Cairo.
11/12/2019
Total ‘population’ of Kuwait as of July ’19 reaches 4.82 million
Also, State institutions’ interest in online completion of transactions is low, as per a recent study by the Cabinet, which revealed that online transactions represent only 19 percent of the total transactions, reports Al-Qabas daily.
11/12/2019
UAE's Finablr posts 9% increase in 9-month adjusted income
The London Stock Exchange-listed company, whose brands include Travelex and UAE Exchange, processed 13.5% more money transactions during the period
11/08/2019
Saudi Aramco taps Saudi billionaires for major IPO orders
Saudi Arabia is turning to rich local families, some of whom had members detained in Riyadh’s Ritz-Carlton hotel during a 2017 corruption crackdown