04/05/2023
Dubai's luxury home sales hit $1.63 billion in the first quarter
Prime neighbourhoods of Palm Jumeirah, Jumeirah Bay Island and Emirates Hills account for 64% of sales priced at more than $10 million
Alternative Investments
04/05/2023
Bahrain enters new phase of growth says BAB Chairman
The association's priority is to collaborate with the Central Bank of Bahrain, especially in emerging legislation relevant to the banking industry, and the successful implementation of various projects and forums
04/04/2023
DIFC registers 'strong interest' from digital asset companies and hedge funds
'Dozens of companies' are looking to set up trading platforms, provide alternative trading systems or put crypto assets into a fund, DFSA chief executive Ian Johnston says
04/04/2023
Saudi Arabia's sovereign wealth fund reveals its VC portfolio
The Information earlier reported on Sanabil's portfolio disclosures.
04/04/2023
MENA equity capital markets stutter in Q1-2023 as number of deals fall
ECM raised 6% less in proceeds compared to year-ago period, says Refinitiv data
04/03/2023
National Finance wins ‘Leadership in SME Financing’ Award at Muntada Al Mara
The award recognises National Finance's commitment to providing innovative financial solutions that meet the unique needs of Small and Medium Enterprises (SMEs) in Oman
04/03/2023
Saudi Arabia, UAE and allies announce surprise oil production cuts
The output cuts will exceed more than one million barrels per day and will be effective from May until the end of the year
04/03/2023
UAE: Gold prices drop after Opec+ announces surprise oil output cuts
Precious metal is now vulnerable to move down to $1,900
04/03/2023
Saudi: Jabal Omar turns to $94mln losses in 2022 results
Revenues stood at $226.53mln last year
04/03/2023
UAE ranks 18th globally in FDI confidence index
The GCC countries were high in the emerging markets ranking with Qatar ranking fourth and Saudi Arabia ranking sixth globally
03/31/2023
Kuwait bourse closes higher
Meanwhile, the bourse Main 50 Index increased by 25.6 points to the level of 5,593.05 points.
03/31/2023
UAE ranks first regionally and third globally in Kearney's emerging markets index
GCC economies Qatar and Saudi Arabia also feature in world's top 25 first
03/30/2023
Kuwait Sovereign Wealth Fund Reduces Stake in Mercedes-Benz
The sovereign wealth fund will still own about 53 million shares of the German car company
03/30/2023
Dubai Financial Market introduces ‘Omnibus Accounts’ for investors
This move will enhance international investors’ access to DFM’s diversified investment opportunities
03/30/2023
Corporate loans to drive Saudi banks’ credit growth
However, relatively modest growth in profits (before Zakat) indicates the ongoing pressure on the cost of funding, according to the report
03/29/2023
IQ-EQ expands global footprint into the United Arab Emirates
The new office, located in the Dubai International Financial Centre
03/28/2023
Real GDP growth projected to expand by 4.3% in 2024: UAE Central Bank
For the whole year, growth is estimated at 7.6%
03/27/2023
UAE exchange firm Al Ansari raises $210mln in IPO
The retail offer was oversubscribed 44 times
03/27/2023
Foreigners will be allowed to own property in Saudi Arabia: REGA chief
The new law for ownership of a real estate by foreigners is in its final stages, and will be made public in a short period
03/24/2023
UAE exchange firm Al Ansari upsizes IPO on strong investor demand
Qualified investor tranche has been trimmed