04/26/2022
London beats Dubai as top city for foreign investment in finance
Overall, the UK attracted 186 such projects valued at £1.1 billion in 2021, placing it second behind the 234 attracted to the US.
Alternative Investments
04/25/2022
NBK distributes dates and water to drivers before Iftar
As part of “Do Good Deeds in Ramadan Program”
04/25/2022
UBS CIO on how changing geopolitical scenario is impacting investment opportunities
Asked about the outlook for the Gulf Cooperation Council, he said this is an interesting point in time for the GCC and certainly for Saudi Arabia as well.
04/25/2022
Gross UAE banks’ assets rise to $905bln
Gross credit increased by 0.3% to $488bln from $487bln during the same period due to 0.1% and 2.6% increases in domestic credit and foreign credit, respectively
04/25/2022
Banque Saudi Fransi first-quarter net profit up 12% on higher operating income
Impairment charges for credit losses fell 5.2 per cent on the year during the first three months of 2022
04/22/2022
Abu Dhabi’s ADIA joins KKR in $15bln bid for Australian medical group: report
Ramsay operates a network of private hospitals across Australia and Europe
04/22/2022
NEOM pitches investment opportunities to more than 700 US business leaders
NEOM plans to expand its events to reach more destinations all over the globe, it said in a statement.
04/22/2022
KFH records $227.6mln net profit for Q1
Total assets rise 1.7% to $72.70bln
04/22/2022
Bahrain Retirees Receive Pension Increase
They will be disbursed monthly starting in May.
04/22/2022
Noqood Holding officially launches operation in Egypt
Noqood Holding works in the field of fintech solutions and non-banking financial services
04/21/2022
UAE looks to build local banking and financial sector with sale of dirham-denominated Treasury bonds
The UAE Ministry of Finance has assembled six local and international banks to participate in the primary market auction, including Abu Dhabi Commercial Bank (ADCB), Emirates NBD, First Abu Dhabi Bank (FAB), and Standard Chartered
04/21/2022
US firm Discovery Land to build Dubai luxury golf community with mansions, villas
Plan includes 18-hole golf course in Dubai South
04/21/2022
UAE, South Korea to jointly promote entrepreneurship and support SMEs
The entrepreneurship and SME sector accounts for 99 per cent of the total companies in South Korea, and 98.5 per cent of the private sector in the UAE
04/20/2022
ADCB is latest bank to join UAE’s Trade Connect platform
It was a year ago that UAE Trade Connect was launched to de-risk trade finance
04/20/2022
How empowering employees is key to ensure business survival
Employee empowerment can have a significant impact on employee satisfaction and productivity says Manikandan Thangaraj, vice president, ManageEngine
04/20/2022
Abu Dhabi’s Emirates Driving posts 60% rise in Q1 2022 profit
Profit for the three months ended March 31, 2022
04/20/2022
UAE Golden Visa 2022: Lowering investment to Dh2m is an instant bonus for property buyers, entrepreneurs
For offplan investors, the changes also offer flexibility to pick up their 10-year visas
04/20/2022
UAE to launch treasury bonds with auction size of $408mln
Finance ministry says bonds will initially have tenures of two, three and five years
04/19/2022
Study finds that less than 1/3 of IPOs in the GCC succeed
The Renaissance of IPOs in the GCC obscures the reality that only one-third of listed companies succeed in the short, medium and long term
04/19/2022
Oman to set up to association for debt relief
The departments affiliated with the Ministry in the various governorates of the Sultanate were directed to follow up on the situation of these families and help them register in the national subsidy system for electricity and water