10/15/2019
Banks invest AED10.3 billion in bonds over eight months
The UAE Central Bank cut its key interest rate in August for the second time in 2019, in response to a similar move by the United States Federal Reserve.
Alternative Investments
10/15/2019
Opportunity Knocks: Nine Business Sectors That Entrepreneurs Can Capitalize On In KSA
Nine sectors of opportunity for aspiring entrepreneurs and startups in Saudi Arabia to consider (and what investors are looking for).
10/15/2019
UAE's Sharjah emirate hires banks for dollar Islamic bonds
Other banks involved in the deal are Dubai Islamic Bank, Emirates NBD Capital, Sharjah Islamic Bank and Standard Chartered, according to the document.
10/15/2019
GCC markets muted but indicators stay positive
Economic reforms and stimulus packages have propped up investor confidence in the region’s capital markets.
10/14/2019
Banks seize 101-floor Dubai skyscraper after developer defaults
Construction on what is currently the tallest building in the prestigious Dubai Marina, the world's largest man-made marina, and the second highest building in Dubai after the Burj Khalifa, began in 2007.
10/14/2019
Real estate market in UAE shows positive signs: ICAEW
Speakers at the roundtable agreed that the UAE real estate landscape is maturing and expected to recover post Expo 2020.
10/14/2019
Wall Street Exchange inaugurates new store in Satwa Plaza
The store opening in Satwa area is in accord with the growing expat communities that are highly populated by the top 3 remitting countries - Philippines, India and Pakistan
10/14/2019
Why Middle Eastern private capital is hungry for investment
Kuwaiti and Bahraini capital has accounted for the lion’s share of transactions carried out in the first six months of this year, with deal sizes ranging from US$7 million to US$200 million.
10/13/2019
Malaysia Attracts Qatari Investments in Vital Economic Fields
Kuwari stressed the need to pursue joint efforts at the government level to enhance trade and investment
10/13/2019
Edamah Signs a BD 4.5 Million Financing Agreement With KHCB for Salmaniya Carpark Development
The project is set to be completed by the year 2020.
10/11/2019
Abu Dhabi's Arabtec, Trojan hire advisors for potential merger-sources
The Gulf construction sector has slumped since a collapse in oil prices four years ago forced governments to rein in spending, leading to a debt crunch at some companies that operate across the Middle East.
10/10/2019
Saudi developer Dar Al Arkan sells $600 mln in Islamic bonds
The paper, which is due in 2025 and has attracted orders of more than $1.6 billion, offers investors a profit rate of 7%,
10/09/2019
Sudan receives $1.5bn from Saudi Arabia, UAE
Sudan’s economy has been struggling since the south seceded in 2011, taking with it three-quarters of the country’s oil output and depriving Khartoum of a key source of foreign currency.
10/09/2019
Russia sovereign fund opens Saudi office ahead of Vladimir Putin visit
Russian Direct Investment Fund said it hoped to boost bilateral cooperation in economic and other spheres by setting up shop in Saudi Arabia
10/08/2019
Saudi Arabia seeks to ease path for foreign listings
The kingdom has struggled to attract issuers since push in 2012
10/08/2019
UAE invests AU$26 billion in Australia: Deputy PM McCormack
McCormack is currently visiting the UAE to take part in the World Road Congress in Abu Dhabi from 6th to 10th October.
10/08/2019
17,252 citizens benefit from exceptional pensions and bonuses
KBA to discuss with banks proposal of legal advisors
10/08/2019
Real Estate Relations Regulatory Department at DLD honoured by ADCB
These accounts aim to regulate residential and commercial properties and ensure that service fees paid by landlords are spent on project maintenance.
10/08/2019
Why Saudi Aramco’s IPO Is No Ordinary Share Sale
The delayed share sale is part of a grand vision to reshape Saudi Arabia’s economy by the kingdom’s controversial Crown Prince Mohammed bin Salman.
10/07/2019
Will Gulf states buy Lebanon’s Eurobond?
Beirut is bracing for a heavy schedule of upcoming debt repayments, with billions due in November