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Alternative Investments

05/02/2023

Standard Chartered says Saudi Arabia has opportunities for growth

Standard Chartered has been operating in the Kingdom since 2011 through its capital markets license, and has already set up similar licenses in the UAE and is looking to do the same in Egypt by the end of the year

05/02/2023

Saudi's PIF intends to create 1.8mln jobs: Al-Rumayyan

Al-Rumayyan said that the Saudi sovereign wealth fund has established a total of 71 companies since 2019 in many strategic and vital sectors

04/28/2023

Institutional investors and wealth managers highlight growing creditworthiness of the GCC fixed income market

A further 61% indicate that they generally agree with this view

04/28/2023

Banking sector driving UAE financial markets following positive earnings announcements

In Dubai, Emirates NBD was the best performer

04/27/2023

Dubai records over $517mln in realty transactions Wednesday

The mortgages included 66 villas and apartments

04/26/2023

Ethmar International Holding and EFG Hermes conclude strategic partnership agreement

Moustafa El Chiati: We are always keen to enter into such partnerships for the interest of investors

04/25/2023

Abu Dhabi Multiply Group set to acquire 55% of UAE outdoor media company

The holding company invests across a range of sectors

04/24/2023

UAE real-estate: Jumeirah Bay Island plot sale is the most expensive ever

Knight Frank said that Dubai's prime residential neighbourhoods of the Palm Jumeirah, Emirates Hills and Jumeirah Bay Island continue to dominate luxury home sales

04/24/2023

Qatar’s Estithmar Holding to expand footprint in the Middle East

These resorts are part of the 11 being developed on the main hub island of the Red Sea Project in Saudi Arabia.

04/21/2023

India Accelerator ventures into UAE, to invest $20mln in fundraising rounds

The accelerator has set up a 3,200 square feet facility in Dubai to incubate startups

04/21/2023

Estithmar Holding to expand its footprint in Middle East

The company commenced the feed order business in Saudi Arabia this year and it is expecting orders soon.

04/20/2023

Dubai’s real estate sector sees transactions worth $42.7bln in Q1 this year, an 80% rise from Q1 2022

Dubai’s real estate sector is one of the key drivers of economic growth

04/18/2023

Inside Dubai's real estate boom: Why Indian investors are dominating property purchases and set to continue in 2023

In 2022, Indians emerged as top home buyers in Dubai

04/17/2023

Saudi Arabia transfers more Aramco oil shares to wealth fund

Last year, four percent of Aramco shares, estimated at the time to be worth $80 billion, were transferred directly to PIF.

04/17/2023

Mubadala commits to invest $2.5bn in clean fuel in Brazil

The investment will be made through the company’s Acelen unit in Brazil and the company expects to start production in the first quarter of 2026

04/14/2023

UAE property developer DAMAC plans 3-year US dollar Islamic bond - document

Deutsche Bank, Emirates NBD Capital and J.P. Morgan are mandated joint global coordinators, and UAE lenders Abu Dhabi Commercial Bank, Dubai Islamic Bank and Mashreq are acting as joint bookrunners on the deal

04/14/2023

Dubai's Sukoon Insurance gets UAE Central Bank go-ahead to buy Arabian Scandinavian Insurance Co.

Sukoon will acquire 93% in Ascana as M&A deals continue in UAE insurance

04/14/2023

In Dubai, 'branded residences' are trending with buyers and developers

As global investors rush in, luxury homes alone will not cut it - they need to be branded

04/13/2023

Social Development Bank plans to support SMEs with $6bn financing over next 3 years

The bank will provide money in installments, also making sure that entrepreneurs are executing business plans properly.

04/13/2023

Saudi Arabian fintech Hakbah closes $2mln funding

The savings platform was granted approval by the central bank

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