06/02/2023
Supporting the UAE’s road to net zero as countdown to Cop28 begins
Climate technology innovation and a commitment to fund support green and transition projects are critical
Alternative Investments
05/30/2023
First-quarter profit of UAE’s top 10 banks up 35% on lower impairments
Their aggregate net income hit $5 billion in the January-March period, consultancy Alvarez & Marsal says
05/29/2023
Saudi: Bupa Arabia’s profits surge 122% in Q1-23
The insurance revenues enlarged by 27.20% YoY
05/29/2023
Aldar adds landscaping services to its growing property and facilities management platform through acquistion of Basatin
Basatin adds another key business line to Aldar Estates’ growing platform of integrated property and facilities management services
05/25/2023
Qatar Investment Authority invests further in marketing platform Insider
Now, we are looking to achieve unparalleled levels of growth with an M&A-focused strategy.
05/25/2023
RAK Properties launches beachfront ‘Bayviews’residences in Mina Al Arab
Studios, one and two-bedroom units for buyers of all nationalities available for purchase from 26 May
05/24/2023
Abu Dhabi ADNOC and TAQA award sustainable water project worth up to $2.4bln
A consortium will hold 49% stake and arrange project financing
05/24/2023
Qatar hopes to attract foreign asset managers through its new market-making program
The report pointed out that the support of government policies in Qatar
05/23/2023
ADNOC raises size of its logistics unit IPO on heavy demand
The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process
05/23/2023
Middle East can drive sustainable change through ‘Transition Investment’ Strategy: NYUAD report
This form of investment is vital to overcoming the current global “polycrisis” – a simultaneous occurrence of multiple, interconnected challenges that worsen each other
05/23/2023
Abu Dhabi's Mubadala signs deals to acquire over 90% of Fortress equity from SoftBank
Terms of the deal were not disclosed
05/19/2023
UAE's largest Takaful insurer SALAMA prepares for new growth phase
With appointment of Walter Jopp as Chief Executive Officer
05/18/2023
Aldar Investment properties issues USD 500mln 10-year inaugural green sukuk
Properties, an Aldar-owned entity, the Reg S green sukuk carries a coupon of 4.875%, with the transaction four times oversubscribed
05/16/2023
Jersey Private Funds & the Middle East
A JPF is a regulatory fund structure created for a small number of sophisticated investors, ideal for family offices and club investors when investing in alternative asset classes.
05/16/2023
Khalifa Fund signs an MoU with Wio Bank
To provide Beyond Banking digital services to Khalifa Fund members and partner companies
05/15/2023
Agreement between Saudi Re and BIBF for the training and employment of Saudi graduates
Preparing the next generation of leaders in the Saudi insurance sector
05/12/2023
Dubai's Emaar Properties posts 43% rise in Q1 profit after strong sales
Effective management of operational efficiencies' pushed revenue for the quarter to $1.71 billion
05/11/2023
SoftBank nears deal to sell Fortress to Mubadala for up to $3bn: FT
Softbank, Fortress, and Mubadala did not immediately respond to Reuters’ requests for comment.
05/10/2023
Saudi hospitality sector receives another $399.7m in international investment
The National Tourism Strategy aims to attract over 100 million visitors by 2030, increase tourism gross domestic product contribution to 10 percent, and create one million jobs in the sector.
05/10/2023
Egypt’s increases expected budget deficit rate to 6.9% for FY23/24: Finance Minister
Earlier this week, Ahmed Kamali, Deputy Minister of Planning and Economic Development, stated that Egypt’s investment plan for the fiscal year 2023/2024, which focuses on two main elements: human development and stimulating the private sector.