09/08/2022
GBM acquires Coordinates Middle East
Coordinates’ next-generation fully automated Managed Detection & Response service “Cor.” to enrich GBM’s security services offering
Alternative Investments
09/07/2022
Mortgage finance initiative for low-income housing in Egypt records $2.60bln in August
The Social Housing and Mortgage Finance Fund revealed that banks’ contributions amounted to about $2.47bln to about 428,150 customers within the initiative, accounting for about 95.4% of the total funding
09/06/2022
FAB partners with Silver Birch Finance to deliver best-in-class inventory solutions
The partnership enables FAB and Silver Birch to offer various inventory solutions to suit specific client needs.
09/05/2022
Alvarez & Marsal releases Q2 2022 Saudi Arabia banking pulse
Saudi banks’ return to profitability with moderate growth of 2.7 percent
09/05/2022
Saudi Insurance Committee sets the agenda for the sixth edition of the Saudi Insurance Symposium
Health insurance will be the main focus of this year’s Saudi Insurance Symposium
09/02/2022
Capital Investments net profit increases by 45% to reach $4mln in in the first half of 2022
The Group’s combined revenues for the first six months exceeded $7.6 million
09/02/2022
Oliver Wyman completes acquisition of Booz Allen Hamilton’s MENA strategy consulting business
The deal, approved by local competition authorities, bolsters Oliver Wyman’s hallmark industry expertise across financial services, energy
09/01/2022
QNB receives 3 prestigious rankings by Euromoney
Recognised as a Market Leader in Corporate Banking, this highlights the Bank’s strong position in the Middle East markets, and its effective role through enhanced business services and products, launched locally and across its growing international
09/01/2022
S&P Global Commodity insights acquires flagship Middle East energy events
Energy and Commodities Leader Acquires MPGC and FUJCON from Conference Connection
09/01/2022
AWS Launches Region in the United Arab Emirates
Second AWS Middle East (UAE) Region allows customers to run workloads and store data securely in the UAE while serving end users with even lower latency
09/01/2022
Capital Bank of Jordan : Investments Net Profit increases by 45% to reach $4 Million in in the First Half of 2022
Bashar Amad, CEO of Capital Investments - Jordan, highlighted the ongoing efforts to develop the digital services infrastructure to enhance the overall experience of clients.
08/31/2022
Gulf firms' earnings reach a new record level in Q2, 2022: Kamco Invest
The region showed strong consumer and business sentiments during the quarter despite a slowdown at the global level mainly due to higher inflation and the efforts by central banks to tame rising prices.
08/31/2022
Realty, banking blue chips continue to drive UAE markets
Emirates NBD, DEWA, and TECOM increased 0.74 percent, 0.77 percent and 1.25 percent respectively
08/30/2022
Real estate fintech platform Stake raises $8m in pre-series A funding ahead of KSA debut
The startup said it aims to direct the Kingdom’s proactive investors and encourage young Egyptians to tap into the rapidly growing asset class created in their domestic markets.
08/30/2022
Saudi Central Bank assets climb to $533bn in July amid continued economic recovery
The total assets of commercial banks in the kingdom grew more than 13% to $941.3bn
08/30/2022
Dubai-based Stake raises $8 million to let people across the globe invest in local properties
The company first raised a $4 million seed round last year.
08/29/2022
QFC supports career exploration programme of QFBA
"We will remain committed to supporting socially conscious initiatives, such as this, and continue to bring tangible value to stakeholders and positively impact society,"
08/29/2022
Saudi developer Jabal Omar to settle $1.4bn debt owed to Alinma RE fund
Most recently, the company reported a first-half revenue surge of 296 percent to near pre-pandemic levels at SR391 million, however its net loss widened by 316 percent to SR311 million.
08/29/2022
Ithmaar Holding reports half-year results
Reported a net profit attributable to equity holders for the three-month period ended 30 June 2022 of US$7.94 million
08/26/2022
Foreign funds' buying interests lift QSE; M-cap gains QR6bn
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 0.03mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.28mn changed hands across 13 deals.