08/14/2017
Missing analysts' estimates Damac reports 21 per cent plunge in second quarter profit
The property developer's first half booked sales stood at Dh4 billion
Alternative Investments
08/14/2017
UAE is likely to see increased cashless transactions by 2020: Xpress Money’s Strategy & Digital Chief
Xpress Money notes the converging trends that are slowly shaping a cashless future.
08/14/2017
Emaar Properties H1 net profit jumps 15pc to $772m
This will ensure that the value of this business is properly recognised, thereby enhancing value for Emaar shareholders, the company said.
08/14/2017
CBO approves merger between National Finance and Oman Orix
National Finance has offered a cash buyout to shareholders of Oman Orix Leasing Company in May, as part of a merger between the two leading leasing and hire purchase firms in the Sultanate.
08/13/2017
SHUAA Capital half yearly profits highest since 2009
For the six months ending 30 June, 2017 the firm reported a net profit of AED 36.8 million
08/13/2017
Saudi budget deficit halves as financial reforms kick in
The plan aims to cut the Kingdom’s reliance on oil and gas by investing heavily in sectors that create economically productive jobs from finance to manufacturing.
08/13/2017
Pakistani industrialists seek new trade ties
FPCCI President said that some pharmaceutical manufacturing companies of Pakistan also wanted to establish their production units in Qatar from where they could cater to the needs of whole MENA region with “Made-in-Qatar” stamp which would ear
08/10/2017
Investcorp reports 34% increase in profitability
Investcorp extended its track record of solid profitability, with profit for the year of $120.3 million
08/10/2017
Meet The Jewish Hedge Fund Manager Behind The Taylor Force Act
How political outsider, Sander Gerber, played a key role in ending PA’s martyrs’ fund.
08/09/2017
TFI completes acquisition of German firm
The Fund aims to secure another Grade A assets during current year.
08/09/2017
Billionaire Saudi prince to invest US$800 million in Egypt hotels
Prince Alwaleed has several major investments in Egypt - 40 hotels and resorts and 19 hotels are still under construction.
08/07/2017
Iraq bond market return no cakewalk for investors
Iraq sounds like a sticky investment proposition.
08/07/2017
Israel's Vintage closes $215m VC fund
Vintage founder and managing partner Alan Feld said, “The fund represents a major milestone for Vintage as it is our largest secondary fund to date."
08/07/2017
QINVEST reports net profit of $9.5 million for H1 2017
QINVEST has a number of updates across its three key business lines - Investment Banking, Asset Management, and Principal Investments, which focuses on real estate, credit and equity investment.
08/07/2017
Ajman Free Zone sets sight on new global markets to woo investments into the UAE
Ajman Free Zone has identified five new key markets where it will set up hub offices this year as part of its global investor outreach strategy.
08/07/2017
Abu Dhabi Securities Exchange net foreign investments $7million in July 2017
The average daily trading value in July reached AED148 million, and the number of trading days stood at 22 against 18 in June.
08/07/2017
New cryptocurrency launches in Dubai, backed by real economic activity
That tokens are generated in line with the production of Farad’s capacitors is exceptional for this kind of initial coin offering
08/06/2017
Oman Qatar Insurance to float IPO on Muscat bourse
The company operates through five retail branches and digital channels.
08/04/2017
Qatar shares gain as bullish sentiment prevails
Buying was skewed towards micro and large cap stocks in the market, which also saw increased buying support from Gulf individuals.
08/03/2017
India's Federal Bank To Open At DIFC
While Federal Bank is poised to increase the bandwidth and access of its products and services in the Gulf, it is also looking at expanding in Canada, Australia, the US and the UK- countries with a significant NRI population.