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Alternative Investments

06/09/2022

Rapyd becomes first DIFC-registered Israeli company

Rapyd aims for Dubai to become a development hub to support its vast expansion and growth needs

06/09/2022

E-commerce spend grew two times the growth of POS in Q1

With the accelerating demand for cashless payments in the ongoing Covid-19 pandemic, overall card spends in Q1 2022 saw a double digit increase over the same quarter in 2021.

06/08/2022

Moody’s affirms credit rating of ‘A’ to Saudi Arabia with stable outlook

The report further noted that the Saudi Arabian government demonstrates an increasingly more fiscal policy framework even during the time of rising oil prices.

06/08/2022

Corporate services specialist Equiom launches Saudi office

Based in Riyadh, the new office will focus on Equiom’s professional services portfolio, which is geared at helping businesses with successful entry into the Saudi market.

06/07/2022

Dubai International Chamber to open representative office in Israel

Israel has potential to become one of Dubai’s 10 top trading partners within a few years

06/07/2022

Canada fund CDPQ to invest $5bn in DP World’s Dubai assets

The Montreal-based pension manager will take a 22 per cent stake in DP World’s Jebel Ali Port, Jebel Ali Free Zone and the National Industries Park

06/07/2022

DIFC advances Dubai's status as preferred global financial, innovation hub among US institutions

DIFC banks hold approximately $200 billion of assets from the Centre

06/06/2022

Dubai residential property market shrugs off inflation threat as apartment & villa transactions hit AED 61.9bln

The policy has been bolstered by the surge in crude oil prices, which is going to underpin a sharp turnaround in economic growth

06/05/2022

OMINVEST receives “Excellence in Investment” Award at the New Age Banking Summit

Their investments in quality assets across diversified sectors won them the award

06/05/2022

Umniah Bank AGM reviews bank’s plans, strategy and financial results

Umnia Bank is the result of a partnership among QIIB, CIH Bank and CDG. QIIB holds 40% of the Umnia Bank's capital.

06/03/2022

Combating poverty has always been a top-priority objective in IsDB’s partnerships

The meetings were launched yesterday in Sharm El-Sheikh in the Arab Republic of Egypt

06/03/2022

Abu Dhabi Borouge rises in debut trading on ADX

The company, which is jointly owned by Abu Dhabi National Oil Company and Austria's Borealis

06/03/2022

More listings of Dubai's Dh100m homes as super-luxury properties hit peak demand and value

There are now around 50 'serious' listings of Dh100m homes, with Palm leading the way

06/03/2022

Al Etihad Cooperative inks bancassurance deal with Saudi National Bank

The agreement's value has not been determined due to the variation in the value of the monthly insurance applications received by the bank

06/03/2022

Saudi Arabia leads declines among Gulf bourses

The Qatari index eased 0.3%, with Qatar Islamic Bank concluding 2.6% lower.

06/02/2022

How the UAE, Egypt and Jordan industrial partnership will lift vital sectors

Arab economic integration pact to focus on agriculture, pharmaceuticals, textiles, minerals and petrochemicals

06/01/2022

Sheikh Maktoum meets HSBC Holdings chairman in Dubai

HSBC opened its first branch in Dubai in 1946

06/01/2022

ICD bounces back with Dh10.1 billion in profit

The investment fund’s revenues surged 24.5 per cent compared to the prior year.

05/31/2022

Israel to Launch Long-Delayed Sovereign Wealth Fund

The Finance Ministry transferred ILS1.14 billion to the fund last week, the report said.

05/31/2022

Dubai’s state investor ICD swings to $2.75bln net profit in 2021

Higher revenues and lower impairments supported the return to profitability

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