08/28/2023
QSE bull-run continues for the second day as index gains 22 points
The domestic institutions were seen increasingly into net profit booking in the main market, which saw no trading of sovereign bonds.
Alternative Investments
08/28/2023
For entrepreneurs, UAE Golden Visa plus options on lower cost of doing business prove a winner
For business owners, UAE's long-term residency and cost incentives strike a chord
08/25/2023
Dubai Chambers advances sustainability agenda
Saves over 72,000 litres of water in a year through participation in ‘Dubai Can’ initiative
08/23/2023
Abu Dhabi wealth fund commits additional $451mln in Australian real estate investment firm
The move by ADIA brings Qualitas’ committed capital to $902mln
08/22/2023
Burgan Bank Supports Kuwaiti Olympians at Budapest World Championship
This includes Yaqoub Al-Youha, Mudhawi Al-Shammari, and Ebrahim Al-Dhafeeri who are all now vying for gold at the tournament currently taking place in Budapest, Hungary.
08/22/2023
Dubai targets 100% recycled water use by 2030
The city has set itself a target of increasing the use of recycled water while reducing the consumption of desalinated water in the next seven years
08/21/2023
Saudi Arabia unveils $200m fund to propel local and global high-tech
The initiative is part of a strategy announced for the King Abdullah University of Science and Technology
08/21/2023
Demand for retail outlets grows robust in second quarter
The Doha municipality also saw the median monthly asking rent for street retail softening by 1.3 percent
08/18/2023
Jordan Capital & Investment Fund announces investment share acquisition in Aqaba Digital Hub
This development not only strengthens the financial sector’s resilience but also elevates Jordan’s FinTech ecosystem
08/18/2023
UAE's TAQA seeks to invest up to $2.5bln in India’s Adani power business - report
The Abu Dhabi firm plans to buy near 20% stake in Adani Energy Solutions
08/18/2023
Qatar’s consumer price index edges up in July
Prices for recreation and culture increased by 3.25 percent, food and beverages by 1.63 percent and communication by 1.3 percent.
08/18/2023
Bahrain real estate transactions continue to grow amid moderate performance
In the office sector, we have seen an uptick in registered leases in CBRE’s managed properties in H1 2023.
08/16/2023
Qatar Insurance almost triples net profit in first half
The company had insurance revenues for the half year of $823 million and net investment service income of $151 million while investment income was $133 million.
08/15/2023
ADNIC reports net profit of Dhs204m in H1 2023
ADNIC in its earnings release reported its underwriting profitability continued to be robust with a combined ratio of 87.60 per cent and a net insurance service profit of Dhs178.1m
08/15/2023
Finance House Group announces H1 2023 financial performance
The Total Comprehensive Income for the period stands at AED 9.73 million
08/14/2023
EFG Hermes managed 4 IPOs on Tadawul in 2023: Co-Head of Investment Banking
These markets have regained momentum in IPOs and witnessed various mergers and acquisitions deals after experiencing a decline at the beginning of this year due to global economic changes that affected all markets.
08/14/2023
Insurance House announces H1 2023 financial performance
IH registered a total comprehensive loss of AED 25.64 million in the first half of 2023
08/11/2023
Dubai house rents have jumped more than 20% so far in 2023
Total volume of residential transactions in the emirate reached 10,080 over the period
08/10/2023
SHUAA Capital delivers strong profitability in the first half of 2023
Net profit attributable to shareholders was AED 20 million
08/10/2023
Dubai's Emaar first-half profit surges 15% on higher sales
The company's founder credits strong return on investments with driving growth