03/03/2022
Most GCC markets gained in February despite geopolitical turmoil
UAE markets among top gainers, says Kamco Invest
Alternative Investments
03/03/2022
Business conditions in UAE’s non-oil sector mark strong expansion - PMI
However, shipment delays and weak hiring drove backlogs higher
03/03/2022
Dubai is well set to transition to next phase of economic cycle – Emirates NBD
With quality infrastructure capacity and proactive policies will help keep the economy open, says Emirates NBD
03/02/2022
Saudi Amlak renews $177mln loan from SAIB to bolster real estate finance
As per the agreement, the financing duration shall be one year
03/02/2022
Abu Dhabi sees 26.4% reduction in realty service fees in development projects
In 2020, the service charges were reduced by 18.1%, with another 8.3% reduction introduced in 2021
03/02/2022
Gulf markets gain; Abu Dhabi jumps over 2%
The company said on Monday it would hold a general meeting later this month seeking approval for its dividend and dividend policy.
03/01/2022
Investcorp buys majority stake in Italian cybersecurity company HWG
HWG serves businesses across sectors including finance, fashion, automotive, telecommunications and manufacturing
02/28/2022
Bain & Company and NielsenIQ launch new report on driving profitable growth in the Middle East in the new normal
A significant slowdown in market growth and global rise in raw materials and transportation prices have led to an intense fight among players to gain market share
02/28/2022
ADGM Academy and Mashreq team up to develop banking education hub
The initiative is aimed at maintaining an effective talent pool in the banking sector
02/25/2022
Saudi PIF opens New York, London, Hong Kong offices as part of global expansion
The fund is an active investor in other industries and businesses
02/24/2022
BBK: Financial results for the year ended 31st December
The growth in total comprehensive income was mainly driven by the increase in valuation of investment securities as financial markets continued to recover from the shocks resulted from the COVID-19 outbreak last year.
02/24/2022
Investcorp leads $17.5mln investment in V-Ensure
Founded in 2010, V-Ensure is a leading developer of specialty pharmaceutical formulations focused on complex generics for regulated markets
02/24/2022
Shipsy raises $25mln in new funding round, eyes Middle East expansion
Company also intends to use new capital to expand in India, Southeast Asia
02/23/2022
Saudi SABB signs $693mln financing facility for Riyadh mall
Financing will support construction of The Avenues-Riyadh
02/23/2022
First Abu Dhabi Bank takes orders for $500mln sukuk
Initial price guidance for the sukuk was around 85 basis points over U.S. Treasuries, according to the document from one of the banks on the deal
02/23/2022
Brookfield negotiating with First Abu Dhabi Bank to buy $1bn payments arm
FAB turned Magnati Payment Solutions into a fully-owned subsidiary in April
02/22/2022
UAE becomes world’s largest rough diamond trading hub
UAE has increased its rough diamonds trade by 76%, overtaking Belgium
02/22/2022
Bahrain tops in MENA for key economic freedom factors
The 2022 Index of Economic Freedom measures the level of economic freedom based on 12 factors, grouped into four categories: rule of law, government size, regulatory efficiency, and open markets.
02/22/2022
Saudi PIF-owned ADES secures $1.6bln from banks
He said this funding will allow them to do organic and inorganic acquisitions.
02/22/2022
Sovereign sukuk to fall to $73bln this year; Saudi Arabia leads decline: Moody’s
GCC sovereigns are likely to see a surplus of $50bln in 2022