12/22/2022
RTA approves strategic plan for 2023-2030
The plan is aligned with the Dubai Urban Plan 2040, Dubai Plan 2030, Dubai Government Directives and the UAE Government Vision, We the UAE 2031
Alternative Investments
12/22/2022
DP World, Hassana announce $2.4-billion investment
Hassana investment has total enterprise value of approximately $23 billion for 3 assets
12/22/2022
UAE is a stepping-stone to success and home to pioneering business set-ups
Unity Partners offers services including company formation, visas for investors and skilled professionals, office spaces, and banking assistance
12/21/2022
Abu Dhabi's ADNOC to acquire 24.9% stake in Austria's OMV from Mubadala - sources
Mubadala's stake in OMV is valued at around $4.1bln, according to data from Refinitiv
12/21/2022
ROSHN signs land deals with Ajdan to develop 270 villas in Riyadh’s SEDRA project
ROSHN is building new communities across Riyadh, Jeddah, Al Kharj, Al Hofuf, Al Qatif, Makkah, and Abha.
12/21/2022
Egypt’s real estate sector remains attractive to FDI – Fitch
The overall situation of Egypt’s commercial real estate sector encourages investment in the market
12/21/2022
Gold steadies near one-week high on weaker dollar
Gold seen as an inflation hedge, but higher rates raise the opportunity cost of holding it
12/20/2022
Dubai records over $354mln in realty transactions Monday
The sales included 430 villas and apartments
12/20/2022
Professional development is key for growth in Middle East advice industry
To help create a ‘buoyant and abundant sector that is ripe with opportunities’
12/16/2022
Dubai IPO boom sees banks target more Middle East deals in 2023
To handle the flurry of activity, global banks are drafting in otherwise idle teams in places like London to help, relocating staff or expanding.
12/16/2022
Turkish bank goes live with Murex system & other news
“It was strategic for us to realize the business value of MX.3 through a fast and efficient implementation,”
12/16/2022
Majid Al Futtaim and Standard Chartered launch the region’s first sustainable supply chain finance programme
An innovative financing programme that demonstrates Majid Al Futtaim and its Carrefour supplier partners commitment to sustainability
12/16/2022
Wipro Announces the Launch of Capco in the Middle East
The new consulting capability will be led by Naim Alame as its Managing Partner, Middle East.
12/16/2022
Middle East Becomes IPO Oasis Amid Cooling Financial Markets
PYMNTS noted this trend last month, finding that the Gulf Cooperation Council (GCC) region stands out as an exception, while most stock markets have seen a decline in both the volume and average value of IPOs.
12/15/2022
Competition intensifies as Kuwait bankers eye additional ‘high-cost’ deposits
Seven of the competing banks offered prices that started at 5 percent, leading to the winning price
12/15/2022
Shuaa Capital launches three funds amid growing investor demand
The move takes assets under management on its Sharia-compliant platform to more than $200m
12/15/2022
MBME Group leverages modern solutions to lead MENA’s payment solutions market which is growing by 14.8%
UAE’s largest payment services platforms in the UAE, MBME currently has over 3.2 million active users
12/15/2022
Saudi Arabia on course to reverse debt burden: Moody’s
Saudi Arabia's policy responses to both periods of low and high oil prices, the report said, demonstrates a commitment to fiscal consolidation and longer-term fiscal sustainability.
12/14/2022
Saudi, Kuwait bourses sign deal to boost capital markets
Two exchanges to collaborate in several areas, including fintech, ESG, cross-listing of companies
12/14/2022
UAE economy experiencing sustained momentum in 2022: OPEC
The report cited recent economic indicators suggesting strong growth has been maintained in most activities