08/16/2022
Agthia Group carried out acquisitions worth $626mln last year: Agthia CEO
The group aims to expand geographically, most notably in Saudi Arabia and other markets, such as Egypt and Pakistan
Alternative Investments
08/16/2022
Qatar’s budget surplus to grow 57.6% in 2023: IMF
The increase was driven primarily by growth in investment income from public enterprises from QR82.3bn expected in 2022 to QR121.4bn next year.
08/15/2022
HSBC expands global securities services in Abu Dhabi Global Market
Lender secures an arranging custody licence for its key clients
08/15/2022
Saudi Aramco unveils record profits as oil prices soar
Net income rose 22.7 percent from Q1 in "strong market conditions", Aramco said.
08/12/2022
Kuwait Agility's Q2 net profit plummets to $52mln
The logistics provider said the previous period included a one-gain from sale
08/12/2022
SICO reports BD 2.5mln net profit attributable to shareholders of the bank in the first half of 2022
SICO delivered strong growth in fee income of 131% y-o-y in the first half of 2022
08/12/2022
Net Income attributable to Al Baraka Group's shareholders reaches US$ 85mln in the first half of 2022
The basic and diluted earnings per share for the second quarter of 2022 was US$ 2.42 Cents compared to US$ 0.35 Cents in the second quarter of 2021 (restated)
08/11/2022
PwC puts forward talent agenda for Qatar’s manufacturing skills gap
The skills gap can be attributed to several factors, among them are labour misallocation, skewed labour market and immigration policies, a relatively static structure of the education sector, as well as an inactive population reaching 13% in mid-2021 (up
08/11/2022
Ooredoo group launches new brand positioning as part of ongoing strategic business transformation
Company's New Look and Feel Reflects Agile, Future-Proof, Customer- and Employee-Centric Focus
08/11/2022
GFH reports net profit attributable to shareholders of US $42.18mln for first half of 2022
The Group reported net profit attributable to shareholders of US$23.06 million for the second quarter of the year up 10.2% compared with US$20.92 million for the second quarter of 2021 reflecting continued steady growth and progress
08/10/2022
Bupa Arabia tops global and regional rankings
Bupa Arabia also placed 13th on Brand Finance’s most valuable brands in Saudi Arabia rankings, six places ahead of its position in the previous year’s rankings.
08/10/2022
Individual coaching and mentoring during change management
“Change occurs on an individual level and involves developing a new mindset and thinking process when performing daily activities. Successful transformation therefore requires individuals to transition from their current behaviour or ways of working
08/10/2022
Abu Dhabi’s investment firm Chimera buys majority in Egypt’s Beltone Financial
Chimera was set up in 2007 and is part of Abu Dhabi’s Royal Group, which is owned by Sheikh Tahnoun bin Zayed Al Nahyan, who is the United Arab Emirates’ national security adviser.
08/09/2022
Saudi wealth fund starts company for Egypt investments
The company will invest in swathes of Egypt’s economy from infrastructure and real estate to pharmaceuticals
08/08/2022
Saudi Insurance Committee announces date for sixth edition of Saudi Insurance Symposium
Will take place from Wednesday 28 to Thursday 29 September 2022
08/05/2022
Exceptional year for UAE citizens’ housing, with financial support of over $6ln
On 5th June, President His Highness Sheikh Mohamed bin Zayed Al Nahyan ordered the completion of the housing grants from previous years
08/05/2022
Saudi Arabia posts $20.8bn budget surplus in Q2, the highest at least since 2019
The SR7.9 billion increase in public debt during the second quarter is due to the SR25.4 billion rise in domestic debt
08/05/2022
Qatar initiates measures to curb rising inflation: Kamco Invest
Qatar’s inflation is mainly driven by its recreation and culture sector, which registered 36.5% year-on-year rise during June-2022 after the country eased pandemic related restrictions according to officials in Qatar’s Finance Ministry.
08/05/2022
Mohamad Majid (KPMG) on digital pillars of UAE's public sector
A partner in the UAE business of KPMG, technology provides governments the opportunity to transform their citizen experiences.
08/05/2022
CBRE advises on acquisition of Doubletree by Hilton in Marjan Island
During the transaction, Busaibe and his team was supported by a number of M&A consultancies, including CBRE, which provided valuation and technical due diligence advisory services. Other dealmakers were at the time of writing unknown.