04/11/2023
Saudi Arabia on course to emerge as future luxury capital of the Middle East
According to a report by the International Market Analysis Research and Consulting Group, the Saudi luxury market size reached $8.3 billion in 2022.
Alternative Investments
04/06/2023
Fitch upgrades Saudi Arabia’s economy to A+
The Fitch report went on to warn of potential pitfalls, pointing out that despite government efforts to diversify the economy and enable the non-oil sector, Saudi oil revenue will make up around 60 percent of total budget revenue in 2023-2024.
04/06/2023
Egyptian treasury bond sales plummet on currency concerns
Analysts say investors are also holding back bond purchases on the expectation treasury bond yields will soon begin rising to match the increase in overnight rates.
04/06/2023
Jordan issues $1.25bn Eurobonds at 7.5% oversubscribed six times
Al Ississ said more than 230 investment institutions, including top funds in the US, Europe and the Gulf, piled into the latest issue, allowing a reduction in yields at a time other sovereigns were struggling to attract investor interest.
04/06/2023
Demand gain momentum in non-energy private sector
“Looking forward, the future output Index eased from February’s 41-month high of 82.7 but has averaged 77.0 over the first quarter as a whole, the strongest quarterly outlook since the third quarter of 2019.”
04/05/2023
Jordan issues $1.25bln Eurobonds at 7.5% oversubscribed six times
Central Bank Governor Adel al-Sharkas said the high demand was testimony to the "strength of the fundamentals of the Jordanian economy"
04/05/2023
Qatar offers growth opportunities for US private sector entities
Underlining the robust ties between the two countries Holland said that the 5th annual US-Qatar Strategic Dialogue had a lot of government to government and government to business meetings.
04/05/2023
PwC’s Abdalrahman Bin Kharbash recognised as one of UAE’s top Emirati talents
At the first edition of the Nafis Award 2022-2023 ceremony
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
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