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Alternative Investments

04/24/2024

Egypt: Al Ahly Sabbour eyes $104mln loans for developing 2 projects

Banque Misr is set to provide Al Ahly Sabbour with an EGP 3.5 billion loan for an integrated urban project owned by the firm’s subsidiary LandMark in East Cairo, one source said

04/24/2024

Baker McKenzie advises Allianz Group on the sale of its stake in Allianz Saudi Fransi Cooperative Insurance Co. to ADNIC

Baker McKenzie advises Allianz Group on the sale of its stake in Allianz Saudi Fransi Cooperative Insurance Co. to ADNIC

04/24/2024

QSE edges higher on buying interests in consumer goods, banking and transport

The foreign institutions were seen increasingly into net selling in the main bourse, which saw no trading of sovereign bonds.

04/23/2024

QIC crowned Best Travel Insurance Company in Middle East

QIC has proudly been the preferred insurer in Qatar and beyond since 1964.

04/19/2024

QSE index begins trading in green zone

During the session, all sectors witnessed an increase

04/18/2024

SAB partners with Saudi EXIM and Kafalah to boost SME exports

This collaboration will expand financing opportunities for small and medium-scale enterprises across various sectors, fostering an environment that will enable their international product exportation.

04/17/2024

Qalaa Holdings signs debt settlement agreement with four banks

Banque Misr, Banque Du Caire, Arab African International Bank, Al Ahli Bank of Kuwait, and Debt Restructuring Agreement with Arab International Bank

04/17/2024

Banks, companies contribute EGP 68.85bn to mortgage finance initiative for low-income individuals in Q1 2024

This contribution accounts for 96.5% of the entire initiative.

04/15/2024

Saudi Arabia’s point-of-sale transactions grew 20% to reach $14.33bn in February

The rise in POS payments mirrors the Kingdom’s drive toward digital transformation and its investments in a technology-centric future.

04/12/2024

Saudi banks’ foreign assets surge by 22%, reflecting robust international investments

The main difference between the foreign assets of central and commercial banks lies in their purpose and role within the financial system.

04/12/2024

Arab stock markets show varied performance in Ramadan 2024

The main index DFMGI of Dubai Financial Market showed the least decrease during Ramadan, with 0.21% (8.85 points) after closing at 4,244.15 points compared to 4,253 points

04/12/2024

Investments in infrastructure, technology create job opportunities

The country positions itself on the global map for hosting major international events

04/11/2024

Riyadh climbs to 25th in IMD Smart City Index, Al-Khobar joins the ranks

Al-Khobar is the fifth Saudi metropolis to embrace innovative city initiatives, joining Riyadh, Makkah and Madinah as well as Jeddah.

04/11/2024

UAE Property: ‘My landlord hasn’t signed the renewal contract’

Just knowing the landlord wants to evict all tenants is no reason to panic

04/09/2024

El Attal Holding, Arab Contractors forge strategic partnership for diverse property developments

Ahmed El Attal, Chairperson of El Attal Holding, emphasized the significance of this collaboration

04/09/2024

Phoenix Venture Partners unveils leadership team to drive innovation in MENA

Seasoned principals with combined 60 years of experience to focus on innovation and disruptive ventures

04/09/2024

Egypt: Three exchange companies accumulate over $231mln since liberalisation

Mohamed Ragaei, Chairperson of Cairo Exchange, reported that the company’s total proceeds from foreign and Arab currencies since the exchange rate liberalization up to the end of the previous week’s trading were around $10.81mln

04/09/2024

Haus & haus reveals the biggest Dubai real estate trends of Q1

The company’s newly released Market Reports cover notable data from 27 different communities, as well as including a separate off plan report

04/05/2024

Boursa grapples with surge in inactive trading accounts

Stagnation in Kuwait stock market due to lack of IPOs

04/04/2024

Egypt Post to establish $105.1mln asset management firm

Ali added that the new company intends to launch new investment products in stocks, fixed-income instruments, and the establishment of investment funds of various types

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