12/30/2022
Insurance industry has promising future after surviving COVID crisis
Continental Group set to expand its global footprints from its new headquarters in DIFC
Alternative Investments
12/30/2022
Dubai records over $544mln in realty transactions on Thursday
The sales included 501 villas and apartments
12/30/2022
Saudi fintech Manafa Capital raises $28.3mln
Fintech helps connect SMEs with investors
12/29/2022
Saudi Central Bank’s assets reach $505bn in November: Report
The data also showed that direct and indirect foreign investments in the Kingdom rose SR43 billion during the nine months of 2022.
12/29/2022
Jordan Kuwait Bank : European Investment Bank...
This is the second EIB loan to Jordan Kuwait Bank and is part of a broader EUR 350 million financing program, endorsed by the EIB in May 2022, aimed at strengthening the economic resilience of Jordan's private sector.
12/28/2022
Gold price soars in Egypt as local currency weakens
Egypt continues to face a foreign currency shortage despite two major devaluations this year, with the gap between the official rate of the Egyptian pound against the dollar and that on the black market widening.
12/28/2022
Success story of stc takes it from KSA to Bahrain & Kuwait
Today, the market value of the stc Group has reached more than SR187 billion ($49.8 billion) and the value of the stc brand is $10.6 billion, according to Forbes.
12/28/2022
Foreign investor demand to drive Dubai property prices, rents higher in 2023
Prices across emirate expected to increase by up to 20%
12/28/2022
Allianz Egypt renews strategic partnership in Bancassurance with Banque Misr for coming five years
Boosting it by adding property insurance
12/27/2022
AFS and ZENJEX partner to boost payments offering to Bahrain’s unbanked
The AFS WPS solution is available to all employers, regardless of their workforce size.
12/23/2022
Egypt’s social protection spending records EGP 302.2bn in FY2022/23’s draft budget
This came in the report of the Ministry of Planning and Economic Development on social protection spending for FY-2022/23.
12/23/2022
France’s Emmnuel Macron urges Lebanon to ‘get rid’ of leaders blocking reforms
“Lebanon must change its leadership,”
12/23/2022
GCC countries to benefit from international energy market developments in 2023: EIU
The recent move by Opec+ to cut output by 2mn barrels per day will be borne by Saudi Arabia and, to a lesser degree, the UAE.
12/23/2022
Investment portfolios rearrange accounting books: Analyst
He indicated that the bounded interaction of the stock market performance during the current week is due to the growing influence of external factors on internal factors, causing the index’s weekly gains to be limited at levels of 12.09 points.
12/22/2022
RTA approves strategic plan for 2023-2030
The plan is aligned with the Dubai Urban Plan 2040, Dubai Plan 2030, Dubai Government Directives and the UAE Government Vision, We the UAE 2031
12/22/2022
DP World, Hassana announce $2.4-billion investment
Hassana investment has total enterprise value of approximately $23 billion for 3 assets
12/22/2022
UAE is a stepping-stone to success and home to pioneering business set-ups
Unity Partners offers services including company formation, visas for investors and skilled professionals, office spaces, and banking assistance
12/21/2022
Abu Dhabi's ADNOC to acquire 24.9% stake in Austria's OMV from Mubadala - sources
Mubadala's stake in OMV is valued at around $4.1bln, according to data from Refinitiv
12/21/2022
ROSHN signs land deals with Ajdan to develop 270 villas in Riyadh’s SEDRA project
ROSHN is building new communities across Riyadh, Jeddah, Al Kharj, Al Hofuf, Al Qatif, Makkah, and Abha.
12/21/2022
Egypt’s real estate sector remains attractive to FDI – Fitch
The overall situation of Egypt’s commercial real estate sector encourages investment in the market