05/12/2019
Dubai's Nimai Capital's Dh550.5m fund to invest in Asia, Africa
The Fund will be regulated by the Cayman Islands Monetary Authority.
Alternative Investments
05/10/2019
Bahrain Is Set to Receive $2.3 Billion From Allies in 2019
The ministry’s announcement is the first that offers details about the aid package, which has helped slash Bahrain’s borrowing costs and restore investor confidence.
05/10/2019
Emirates reports 69% profit drop as high oil prices, strong dollar hit earnings
The airline’s fuel bill – its “biggest-ever”, accounted for 32 per cent of operating costs
05/10/2019
UAE and KSA brand dominance leaves little room for other country players
The only other regional firms to rank globally – Etisalat, STC, Emirates and Qatar National Bank – then round out the top five.
05/10/2019
TPG agrees to manage Abraaj’s $1bn healthcare fund despite fraud cases
The fund was at the heart of the scandal that brought down the Dubai-based buyout group
05/09/2019
wasl says The Nook has received a strong response from local investors
Developer’s investment strategy targeted Emirati youth and small Arab families
05/09/2019
Fitch Ratings: Jordan's Challenging Operating Environment Constrains Banks' Ratings
Arab Bank's Long-Term IDR of 'BB' is constrained but not capped by Fitch's view on Jordanian sovereign risk
05/09/2019
Arabian Centres to raise $747 million after pricing IPO at bottom of range
The company priced its IPO at 26 riyals per share, the document said, confirming an earlier Reuters story, and compared with a price range of 26 to 33 riyals per share for the sale of 95 million shares.
05/09/2019
Bilfinger Middle East wins big EPC contracts from Adnoc
Tie-ins are expected to be carried out during a major turnaround in 2020
05/08/2019
Dubai developers offering 'clever incentives' to woo buyers
This is because under the current loan-to-value requirements in the UAE, the majority of buyers find it difficult to raise bank finance, and establish a foot on the ladder, due to hefty deposits and fees required, it added.
05/08/2019
Best Banks In The Middle East 2019: Sunny Outlook
Consolidation driven by weak credit demand will ease overcapacity and boost profits.
05/08/2019
Fenwick Elliott relaunches Dubai office as international hub
Firm has also launched a series of seminars and is said to be planning one in Dubai
05/08/2019
Financials pressure Abu Dhabi and Qatar, other Gulf markets down
Qatar Islamic Bank and Qatar National Bank fell 2.1 percent and 1.5 percent respectively
05/08/2019
Bahrain considers new debt sale; bonds drop
Government representatives met investors in a non-deal roadshow -- a series of investor meetings not tied to a specific transaction: sources
05/08/2019
Abu Dhabi's Gulf Capital, Waha Capital have held early merger talks -sources
Abu Dhabi's state fund Mubadala has a minority stake in Waha Capital and Abu Dhabi Investment Council, a unit of Mubadala, is a shareholder in Gulf Capital.
05/08/2019
Dubai DFM-listed banks report $1.50bln net profit
Clients' deposits in the listed banks increased well by 7%
05/07/2019
Gulf indices fall on thin trading ahead of Ramadan
Elsewhere in the Gulf, trading volumes were much-thinner, as it had been witnessed on Saudi stock exchange, while Abu Dhabi index fell by 0.3 percent and the Dubai was down by 0.2 percent at the day’s market closure.
05/07/2019
Hyflux reveals Middle Eastern utility company Utico is its new would-be white knight
This new investment will go towards equity, working capital purposes, as well as possible urgent interim funding, the company announced on April 25
05/07/2019
Expert: Dubai property prices will not bottom in 2019 or 2020
Prices of villas and apartments even in prime communities have fallen a cumulative 25 – 30%
05/07/2019
Investing in Turkey
Information revealed by the Turkish Ministry of Economy shows that investors from all over the world continue to invest in Turkey due to the many opportunities triggered by its solid economic fundamentals.