09/08/2023
Saudi Arabia’s Lumi announces final IPO offer price; set to raise $290mln
The firm is offering 30% of its issued share capital
Alternative Investments
09/08/2023
Real estate trading volume reach QR1.011bn in August
The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that 297 real estate transactions were recorded during the month.
09/07/2023
Saudi Arabia’s real estate, infrastructure projects hit $1.25tn
NEOM, the $500bn megacity, is progressing rapidly, with $70bn of projects now awarded, 45 per cent of which has been completed
09/06/2023
Saudi Tadawul Group, Shanghai Stock Exchange sign agreement to boost cooperation
The agreement was signed by Khalid Abdullah Al-Hussan, CEO of STG, and Cai Jianchun, president of the SSE, during a visit by a high-level delegation from the SSE to Saudi Arabia.
09/06/2023
UAE health insurance: Will residents pay higher 'co-payment' charges on their medical bills in 2024?
Insurers consider raising co-payment share as medical claims soar
09/06/2023
Ooredoo receives 'Cisco Partner of the Year FY23' award
Our collaboration with the renowned Cisco distributor Comstor presents a golden opportunity to provide exceptional service to our customers and communities.
09/05/2023
IFC to hire global consultant to develop investment strategy for Egypt
The document stated that the IFC will prepare an integrated strategy for the IPO program, which will take about four months, starting from June 2023
09/05/2023
Emirates NBD looks to leverage the power of generative AI
ChatGPT will have a central role in the AI makeover of Emirates NBD’s operations.
09/04/2023
Dubai real estate to see double-digit returns, says Damac chairman
Damac Properties is the largest private developer in Dubai. It recently launched Damac Coral Reef in Dubai Maritime City
09/04/2023
Goldman Lampe Private Bank Announces Comprehensive Changes to Client Onboarding Policy
This move is predicated on the belief that strong client relationships extend beyond transactional interactions and veer into the realm of community and shared values.
09/04/2023
No audit for Saudi firms with revenues under $2.7m
The initiative aims to ease regulatory burdens and support the growth of micro and small businesses in the Kingdom.
09/01/2023
Estithmar Holding announces new subsidiary in Jordan
The establishment of this company comes as a continuation of the expansion of the company’s projects abroad.
09/01/2023
Global sentiments reflect on QSE as index tanks 155 points; M-cap melts QR9bn
The foreign institutions were increasingly into net profit booking in the main market, whose year-to-date losses widened further to 4.55%.
09/01/2023
Bahrain-listed firms’ net profits fall 58%
Alba, the only company in the materials sector, reported Q2-2023 net profit of $79.3 million registering 83.6pc y-o-y decrease from its Q2-2022 net earnings which stood at $482.6m
09/01/2023
Saudi partnership for Tempest superjet to 'speed up' project
British welcome kingdom's interest in joining three-nation programme to build world's most advanced fighter
08/31/2023
Assets of Kuwait wealth fund’s London unit surge to $250bln
Value of assets under management rose from $27bln in 2003
08/31/2023
Qatari enterprises ranked among Asia’s Best Workplaces list
This commitment is reflected in the increased participation of Qatari companies in regional competition
08/30/2023
QSE gains 35 points on buying support from industrials, consumer goods, realty and banking sectors
The Gulf institutions turned net profit takers in the main market, which saw no trading of sovereign bonds.
08/30/2023
Retail sector sees healthy growth in Q2
Qatar’s disposable income levels are also among the world’s highest
08/29/2023
Women investment in the UAE is expected to grow by 50% in 2023 over previous year
Data from the Dubai Land Department (DLD) shows that women investment in real estate has contributed to over AED 58.8 billion to the sector