07/31/2023
Aldar expands its education portfolio across Abu Dhabi, Dubai, and Bahrain
Aldar invests a further AED 350 million in Aldar Education to acquire Kent College Dubai and Virginia International Private School Abu Dhabi
Alternative Investments
07/31/2023
Sharjah registers real estate transactions worth Dhs549.4m in H1 2023
In Kalba, 98 sales transactions were recorded in 21 regions, totalling Dhs54.1m
07/31/2023
Ooredoo Group first half revenue up 3% to QR11.4bn
These strong growth figures reflect the Group’s continued focus on profitability and the effective management of its operations.
07/28/2023
Saudi Arabia’s PIF to expand investment in Oman
The fund has signed an agreement with Oman Investment Authority aiming to invest in a wide range of asset classes and target industries
07/28/2023
Foreign investment in Arab countries hits $200bn, UAE leads way with 57%
Arab countries saw over 1,600 projects boosted by foreign investment last year
07/28/2023
DFM reports 77% upsurge in net profit during the first half of 2023 to AED 112.2 mln
DFM attracted 25,699 new investors in the first half of 2023, 74% of which were foreign investors
07/27/2023
Nasdaq Dubai welcomes the listing of $600mln Sukuk by Dar Al-Arkan
This issuance by Dar Al-Arkan will be under the USD 2.5 billion Trust Certificate Issuance Programme and is scheduled to mature in 2029
07/25/2023
Value of MENA debt issuances more than double to $45.9bln in H2 2023
Saudi Arabia was the most active issuer nation during the period
07/25/2023
Abu Dhabi's Multiply Group sees Q2 2023 profit rise to $98.5mln
Group said it was seeing “value accretive acquisition opportunities” globally
07/25/2023
DEWA bolsters commitment to green mobility by joining CharIN
The membership allows DEWA to actively participate in establishing industry standards for electric vehicle charging systems
07/25/2023
QFZ, QDB collaborate to enhance Qatar’s investment climate
This comes as part of the expansion of the authority's partnerships with key national players, and promoting its position as a distinct investment destination in the region
07/24/2023
Egyptian developer PHD joins EFG Hermes to close $15.29mln bond
National Bank of Egypt, Arab African International Bank, and Al Baraka Capital acted as the underwriting banks, with Al Baraka Bank acting as a subscriber to the issuance
07/24/2023
UAE real estate: Rental increase across Dubai properties to slow down in 2024
According to a new study, rental prices for new contracts saw an increase of 32.6% since 2023
07/24/2023
UAE chases 7% growth to double economy to over $800bn
The Gulf country is seeking bilateral trade deals and partnerships to ensure its economy is sufficiently diversified away from oil-dependent growth
07/21/2023
Saudi fund inks $10m loan agreement for business incubation centers in the Bahamas
This agreement marks a significant step in our nation’s journey towards sustainable growth
07/21/2023
Real estate trading volume exceeds QR300m in a week
Sales were concentrated in Al Rayyan, Doha, Umm Slal, Al Daayen, Al Wakrah, and Al Shamal municipalities.
07/19/2023
Dubai ranks as top global market for luxury real estate sales in Q1 2023
176 homes worth at least AED 36.73 million were recorded in Dubai during the first half of 2023
07/19/2023
Dubai South introduces new employee protection insurance programme
The programme covers unpaid salaries, gratuity, repatriation costs of return for its employees or their mortal remains and unreimbursed expenses
07/18/2023
How GCC wealth funds are fuelling growth and prosperity
Sovereign wealth funds in the GCC region continue to increase in number, size, variety and scope
07/17/2023
Gulf Bank announces Sharefa as the 20th AlDanah millionaire
"We congratulate Sharefa Mohamad Ghloum Ashraf, the semi-annual prize winner of the Al Danah millionaire account, and we wish the rest of the customers the best of luck in the upcoming draws."