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Alternative Investments

05/10/2023

Saudi hospitality sector receives another $399.7m in international investment

The National Tourism Strategy aims to attract over 100 million visitors by 2030, increase tourism gross domestic product contribution to 10 percent, and create one million jobs in the sector.

05/10/2023

Egypt’s increases expected budget deficit rate to 6.9% for FY23/24: Finance Minister

Earlier this week, Ahmed Kamali, Deputy Minister of Planning and Economic Development, stated that Egypt’s investment plan for the fiscal year 2023/2024, which focuses on two main elements: human development and stimulating the private sector.

05/10/2023

Deyaar reports increase in Q1 2023 profits, exceeding AED 56mln

With profits of AED 56.4 million in Q1 2023, Deyaar achieved a remarkable 125% increase from the same period in 2022

05/09/2023

Markaz sets foundation for solid year with three award wins from Global Finance & Euromoney in Q1 2023

Named Kuwait’s Best Private Bank and Middle East's Best for Investment Research’

05/09/2023

Qatar's QSE inches towards 10,700 levels as demand soars for insurance, realty and banking stocks

The insurance, real estate and banking counters witnessed higher than average demand as the 20-stock Qatar Index shot up 0.31% to 10,673.01 points

05/08/2023

Abu Dhabi accounts for 14% of global IPOs in first quarter of 2023

The UAE capital attracted $3bn worth of IPO proceeds in the three months ended March, placing it third worldwide

05/05/2023

AIX Investment Group wins Most Innovative Wealth Management Strategy award at Middle East Wealth Tech Awards 2023

The award honours AIX's innovative approach to wealth management

05/05/2023

Dubai Empower Q1 net profit down 6%, misses estimate

Revenue rises 6% year-on-year

05/05/2023

Aldar Properties reaffirms its commitment to Egypt

The property firm said its investment in SODIC was one of the largest foreign investments in the Egyptian real estate sector

05/04/2023

Saudi’s SABIC Q1 profit plunges as sales prices, volumes fall

It's Q1 net profit dropped 90% as average sales prices and volumes fell.

05/04/2023

Abu Dhabi’s Aldar Properties posts 22% jump in Q1 2023 profit

The developer said its revenue backlog hit a record Dhs18.8bn, which provides visibility over the next two to three years

05/03/2023

Growth in Middle East, Central Asia to slow amid global challenges: IMF

Real GDP growth in the Middle East and Central Asia is forecast to fall to 2.9% in 2023

05/03/2023

UAE’s e& reports consolidated revenue of Dhs13bn in Q1 2023

In the UAE, etisalat by e& recorded 13.9 million subscribers an increase of 6 per cent compared to the same period last year

05/03/2023

Dubai’s TECOM Q1 net profit jumps 34%; beats estimate

CEO says outlook for the rest of the year is positive

05/02/2023

Standard Chartered says Saudi Arabia has opportunities for growth

Standard Chartered has been operating in the Kingdom since 2011 through its capital markets license, and has already set up similar licenses in the UAE and is looking to do the same in Egypt by the end of the year

05/02/2023

Saudi's PIF intends to create 1.8mln jobs: Al-Rumayyan

Al-Rumayyan said that the Saudi sovereign wealth fund has established a total of 71 companies since 2019 in many strategic and vital sectors

04/28/2023

Institutional investors and wealth managers highlight growing creditworthiness of the GCC fixed income market

A further 61% indicate that they generally agree with this view

04/28/2023

Banking sector driving UAE financial markets following positive earnings announcements

In Dubai, Emirates NBD was the best performer

04/27/2023

Dubai records over $517mln in realty transactions Wednesday

The mortgages included 66 villas and apartments

04/26/2023

Ethmar International Holding and EFG Hermes conclude strategic partnership agreement

Moustafa El Chiati: We are always keen to enter into such partnerships for the interest of investors

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