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Alternative Investments

02/03/2023

ADNOC, 23 companies ink deals for local manufacturing opportunities worth Dhs17bn

Domestic manufacturing of these products will support the ‘Make it in the Emirates’ initiative, stimulate industrial growth and create more jobs for UAE Nationals

02/02/2023

Abu Dhabi Borouge's Q4 net profit drops 17%

The polyolefin company says committed to at least $1.3bln dividend for 2023

02/02/2023

Saudi-Oman Investment Forum sees 13 MoUs signed as trade ties deepen

The agreements signed at the forum underscore the long-standing partnership between Saudi Arabia and Oman, which has accelerated in recent years with several high-level engagements.

02/02/2023

Saudi Arabia issues first license at OXAGON to NEOM Green Hydrogen

It is part of the Kingdom’s efforts to catalyze the global hydrogen economy by becoming the world’s leading hydrogen producer while maintaining its position as a key player in the energy sector.

02/02/2023

Abu Dhabi's Aldar to finally make entry into Dubai property market through JV with Dubai Holding

Aldar strikes JV with Dubai Holding to build 'exciting experiences' in prime locations

02/01/2023

Dubai’s stock exchange attracts over 167,000 new investors amid flurry of listings, IPOs

DFM investor base jumps 23 times to reach over one million; net profit climbs 41.7% to $40mln

02/01/2023

Egypt's net foreign assets climb by $2bln in December

NFAs improved to a negative $26.09bln from a negative $28.59bln in November

02/01/2023

Saudi Real Estate Refinance looks to debut dollar sukuk in Q2

SRC will raise at least $500 million, Susini said.

01/30/2023

NBK reports KD 509.1mln in net profits for the year 2022

Al-Bahar: NBK’s Board of Directors proposed a cash dividend of 25 fils per share for the second half of 2022, bringing the total cash dividends for the year to 35 fils

01/30/2023

Qatar Insurance Company named “Insurer of The Year in Qatar” at The MENA IR Awards 2023

This prestigious accolade comes in recognition of QIC’s exceptional performance at the levels of product digitization and customer service excellence

01/27/2023

Dubai Investments buys stake in UK digital bank Monument

In its first year of operations, the fully-licensed bank acquired assets of around £100 million, deposits of £145 million and approximately 3000 customers.

01/27/2023

UAE banks’ investments hit 13-month high in November

Abu Dhabi’s ADX expects increased listings this year

01/27/2023

Qatar’s retail sector forecasts steady growth in Q1 2023

Last year the retail industry performed fairly well with the expansion of projects and foreign investments in Qatar.

01/26/2023

UAE Yas Holding’s luxury real estate division to develop ‘exclusive’ homes

New real estate division will operate as a luxury, boutique property developer

01/25/2023

Saudi Aramco’s Wa’ed invests $14mln in Japanese drone firm

This is the state-backed fund's first Asian investment

01/25/2023

Dubai's landlords, tenants keep close watch for any Rental Index update

Under current Rental Index, landlords find their tenants are winning most judgements

01/25/2023

UAE accounting start-up Wafeq raises $3m as it aims to enter Egypt

Investment round led by Raed Ventures and Wamda

01/25/2023

Real Estate Development Fund deposits $243m in Sakani accounts to further boost Saudi housing goals

The Ministry of Housing and the Real Estate Development Fund launched the Sakani program in 2017, ultimately aimed at increasing the proportion of Saudi households that own a house to 70 percent by 2030.

01/25/2023

Knight Frank and Berkadia form international alliance

The platform spans all major capital hubs and sources of capital, including the US, Asia Pacific, Europe, the UK and Middle East

01/25/2023

The Sovereign Fund of Egypt and B Investments co-invest in Egypt’s healthcare sector with over EGP 2bln

The first agreement stipulates that TSFE commits to invest EGP 100 million in B Healthcare Investments S.A.E. (“BHI”)

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