04/12/2022
Dubai’s Most Expensive Villa Is This Massive Megamansion, Which Sold for AED 280 Million
The 33,300-square-foot waterfront property boasts 10 bedrooms, indoor and outdoor pools and a “seven-star spa”
Alternative Investments
04/12/2022
Al Masraf stages strong comeback with Dh132 million profit in 2021
The Abu Dhabi-based lender said net profit rose 115 per cent in 2021 and it’s financial position remained sound with the customers’ deposits increasing by one per cent to reach Dh16.4 billion
04/12/2022
In Abu Dhabi, some landlords continue to offer rent-free even as rents rise
Khalifa City A and Al Reem Island remain most popular with rent-conscious tenants
04/12/2022
UAE’s National Bonds’ investments rise by 36% to Dhs11.89bn in 2021
National Bonds reported an increase of 17 per cent and 9 per cent, respectively, in its women and junior saver segments’ investments in 2021
04/12/2022
Dubai launches Sukuk Al Waqf in a push to encourage humanitarian contributions
The Waqf is now open to all contributors - companies and individuals
04/11/2022
Saudi Re eyes $356mln capital boost through IPO
Saudi Re, which is listed on the Saudi Exchange (Tadawul), said the move to boost the capital from SR891 million ($237.5 million) to SR1.37 billion ($356 million) is aimed at strengthening its capital base and support its future expansion activities
04/11/2022
Abu Dhabi’s Aldar targets Emirati buyers with its new $544mln villa development
New project features 554 villas with prices starting from 2.7 million dirhams
04/11/2022
Dubai's private sector businesses see strong improvement despite inflation
The lifting of COVID-19 restrictions has created more economic activity in the market as well as tourism demand, S&P Global said in its PMI report
04/08/2022
National Bonds investments up 36% to AED 11.89bln marking significant shift in savings behavior across UAE
The company’s pioneering products offer savers the opportunity to earn up to 3.33% in expected returns per annum
04/08/2022
SNB Capital sees profit leaps for SABIC, Al Rajhi Bank in Q1 2022
SNB Capital also forecasted profit leaps for some of Saudi Arabia’s main banks, led by Al Rajhi Bank
04/08/2022
Lebanon’s central bank counts its gold for first time in at least 30 years
The check comes amid intense scrutiny over Banque du Liban’s losses
04/07/2022
Equiom opens new office in Riyadh
Equiom has since expanded its geographic reach in the Middle East, with offices in the Dubai International Financial Centre, Dubai, Abu Dhabi and Qatar.
04/07/2022
Egypt issues its first samurai bonds: Cabinet
The samurai bonds are, thus, less expensive than the dollar-dominated bonds, the IDSC noted.
04/07/2022
High reliance on foreign funding poses risks for Qatari banks: Moody’s
Dependence on foreign funds can potentially transmit and amplify shocks among banks and economy
04/06/2022
Kingdom’s Agricultural Development Fund approves $115m loans
The board also reviewed the progress of an initiative to finance the import of agricultural products to ensure food security in the Kingdom.
04/06/2022
Fitch ratings publishes Turkish banks datawatch: 4Q21
Related Fitch Ratings Content: Turkish Banks Datawatch: 4Q21
04/06/2022
DAE Ltd closes US$ 1bln Senior Unsecured Revolving Credit Facility
Deal successfully closed by Al Ahli Bank of Kuwait, Emirates NBD Capital limited, and First Abu Dhabi Bank PJSC
04/06/2022
FDI inflows into UAE jump 3.9% to reach Dh76 billion in 2021
Total FDI balance in the country touches nearly Dh630 billion
04/06/2022
Azimut Egypt manages assets exceeding $547mln, aims to grow 20% by 2022-end
Daily News Egypt interviewed Abou El-Saad to learn about Azimut’s business plans in 2022
04/06/2022
Citi Launches Sustainable Trade and Working Capital Loans
These new loans help Citi’s corporate, commodity, financial institution, and commercial banking clients manage their working capital needs by funding their international trade finance and day-to-day commercial activities.