05/18/2018
HSBC’s Saudi unit to buy RBS venture in $5b stock deal
A merger would be Saudi Arabia’s first bank combination for almost 20 years
Alternative Investments
05/17/2018
Qatari investments in Turkey expand to new realms
“Both the countries are natural allies which have a lot to share with each other”, added Abu-Sharkh who is an expert on the subject.
05/16/2018
KAMCO announces Q1 financial results for 2018
Sarkhou continued to say that the funds and portfolios under management are performing well in the market
05/16/2018
NREC announces KD 4 million net profit for Q1 2018
The development of Reem Mall in UAE is progressing well and in line with management expectations.
05/16/2018
Bahrain targeted by US hedge fund
In March the Bahrain central bank’s foreign assets dropped to their lowest levels in seven months
05/16/2018
Al-Khalifa sees crucial role for SMEs in realising the Qatar National Vision
Bedaya Centre general manager Reem al-Suwaidi said, “We are proud to have Abdulaziz al-Khalifa as our guest.
05/15/2018
Amjaad Group announces Moevenpick hotel in Muscat
The company stated that it had analysed all the requirements of the project in order to select the most appropriate operator.
05/15/2018
Dubai-based GEMS Education said to move ahead on IPO
Will hire investment banks including Bank of America, Credit Suisse, JP Morgan. and Emirates NBD to manage the IPO, people familiar with the matter said
05/15/2018
EFG Hermes reports $14m Q1 net profit
Strong gains in fees and commissions were offset by a comparatively weaker quarter for our treasury function given the strong gains from merchant banking exits in 1Q2017.
05/15/2018
NYC Hedge Fund Eyes Its Next Distressed-Debt Target: Bahrain
‘There could be pressure on Bahrain,’ says Greylock’s Humes
05/15/2018
Dubai Buyout Firm Reassures Banks on Liquidity Concerns
Abraaj told lenders it’s close to finding a buyer for the asset-management stake and will soon complete the disposal of its holding in K-Electric Ltd., they said.
05/15/2018
Aldar reports 5% rise in Q1 net income as off-plan sales rise
Company launched a tie-up with Dubai’s Emaar Properties during the first quarter of 2018
05/15/2018
Damac first quarter profit plummets 45% amid rising sales cost
Net income for the first three months of the year drops to Dh483.9m
05/14/2018
Global distributes USD32mn to its clients investing in its private equity fund, GMFA
The first exit is from Asian Finance Bank, a boutique corporate bank in Malaysia and the second from Bindar Trading and Investment a leading consumer finance company in Jordan.
05/14/2018
Waha Capital reports 23% net profit rise on improving assets
Abu Dhabi-listed firm also recorded Dh25m gain on share disposal in Aercap Holding
05/14/2018
Dubai gold prices rise, 22k priced at Dh150
The weakness in dollar is helping gold prices in Asia.
05/14/2018
Mideast investors ease off buying overseas commercial property
Last year saw a 25% dent in deal flows from 2016 to total $9.1b
05/14/2018
Access World Logistics opens facility at Jafza
The facility, with a storage capacity in excess of 100,000 freight tons of multiple products, has a 15,200 m2 covered warehouse.
05/13/2018
DAMAC Properties rings bell to celebrate listing of USD 400 million Sukuk on Nasdaq Dubai
The Sukuk was sold to investors in the Middle East, Europe and Asia reflecting DAMAC Properties’ international profile.
05/13/2018
UAE-China investment fund commits $1bn for potential investments
The $10bn investment vehicle equally funded by China and the UAE aims to deploy capital in approved investments