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
Alternative Investments
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.
04/05/2022
UAE banking sector pivots to new resilience mechanisms to spur growth
The UAE banks have emerged stronger than ever after the economic slump brought about by the pandemic
04/05/2022
Bahrain real estate market sees ‘encouraging signs’
Citing data from the Survey and Land Registration Bureau, Property Finder noted that the value of real estate transactions in the kingdom rose by 46%
04/05/2022
Kuwait ranks third in GCC for personal luxury goods
Kuwait recorded the highest growth in the Gulf region in 2021 compared to 2019 at 35%
04/05/2022
Dubai Future Foundation partners with Richemont to develop new solutions in the luxury retail sector
To provide opportunities for entrepreneurs and startups from around the world to share innovative ideas