10/19/2022
MENA equity capital market activity surged to $15.3bln YTD
UAE was most active as DEWA stake sale powered the surge, Refinitiv data showed
Alternative Investments
10/19/2022
Dubai tenants find it cheaper to stay in existing apartments as rents soar
Residents, while choosing a rental property, also consider several factors, including connectivity to the workplace, school, and community amenities
10/19/2022
Saudi Arabia’s NDMC closes October issuance of sukuk program at $832m
Saudi Arabia’s cumulative public indebtedness stood at SR966.5 billion by the end of the second quarter of 2022, according to data from the Ministry of Finance.
10/19/2022
UAE: Gold prices inch lower in early trade in Dubai
The dollar index was a tad bit higher in early Asian hours, having bounced off its lowest level since October 6
10/19/2022
UAE, Saudi Arabia pension systems improve, says study
UAE’s overall index value improved from 59.6 in 2021 to 61.8 in 2022, jumping from C to C+. This is primarily due to improvement in its scores for adequacy and sustainability.
10/18/2022
Abu Dhabi's Emirates Stallions Group posts $28mln net profit
The IHC subsidiary says it plans to make new acquisitions in the next 12 months
10/18/2022
ACAPS in Morocco approves establishment of Takaful Insurance Company
In the presence of HE Sheikh Dr. Khalid bin Thani bin Abdullah al-Thani and Mr. Mohamed Hassan Bensaleh
10/17/2022
Gulf and foreign institutions drag QSE 83 points; M-cap declines QR4bn
The Islamic index was seen declining slower than the other indices in the market
10/13/2022
Egypt’s fintech platform FlapKap secures $3.6m seed funds to strengthen presence in the region
The company offers a platform to assist e-commerce growth for small and medium enterprises by providing inventory funding based on AI and financial analytics.
10/13/2022
Gulf Islamic Investments’ US$300mln Indian funds demonstrate strong growth and future prospects
The success of GII’s two Indian-focused funds IGP1 & IGP2 suggest the capacity for further successful investments in India’s rapidly-growing economy
10/12/2022
Silah Gulf represents Bahrain’s digiverse at Gitex Global 2022
The world’s largest, most inclusive tech and startup event, now known as GITEX GLOBAL, hosts 5,000 companies across a two million square feet exhibition space between October 10 and 14
10/12/2022
Bahrain's GFH buys U.S. clinics portfolio worth around $400mln
The portfolio of 11 assets are in California, Texas, Maryland and Louisiana
10/11/2022
Knight Frank launches new office in Qatar, 6th in the Middle East
Having established offices in Abu Dhabi, Jeddah, Manama and Riyadh, now Doha (Qatar) joins the fold.
10/07/2022
Middle East investors turn to 'factors' to offset market turmoil
Investors say the strategy is a better way to manage global economic uncertainty and diversify their portfolios, Invesco survey finds
10/06/2022
QSE benchmark edges down amid selling pressure
Trade turnover and volumes were on the decrease in both the main and venture markets.
10/06/2022
Investopia partners discuss investment opportunities in ME region
The session was attended by Investopia partners, such as Crypto.com, BlackRock, IFC, and Sharjah FDI Office
10/05/2022
UAE non-oil economy strengthens as PMI stays over 56 mark in Sept: S&P Global
August had recorded a slightly higher PMI of 56.7, but S&P considers any readings above 50 as growth while those below 50 are marked as contraction.
10/04/2022
Saudi non-oil private sector businesses expanded in September - PMI
Output and jobs expansion rise, albeit at slower rates
10/04/2022
Saudi Crown Prince unveils new PIF company to develop downtowns in 12 cities
The new company aims to build and develop downtown areas and mixed-use destinations in 12 cities throughout Saudi Arabia.
10/04/2022
Dubai records over $381mln in realty transactions on Monday
The sales included 360 villas and apartments worth $222.73mln, and 25 land plots worth $69.92mln