04/14/2022
Dubai’s residential market sees record growth in Q1 2022: CBRE
CBRE stated that the first quarter saw off-plan sales increase by 94.6 per cent and secondary market sales grow by 76.1 per cent over the previous year
Alternative Investments
04/13/2022
Turkey’s Ziraat Bank secures $1.24 billion loan at higher cost
Turkish banks were borrowing at interest margins of less than 100 basis points above dollar
04/13/2022
Abu Dhabi’s ADQ sets up SPAC with Chimera, eyes nearly $100mln IPO
ADC Acquisition Corporation plans to raise AED367mln though share sale
04/13/2022
Bahrain's IIFM and TKBB sign MoU on participation banking sector
To collaborate on areas of common interests
04/13/2022
Saudi PIF ranks 5th among world’s sovereign funds with $620bn assets
Third in the ranking is Kuwait Investment Authority, with assets of $737 billion, then the Abu Dhabi Investment Authority with assets of $697 billion.
04/13/2022
Kamco Invest successfully leads stc’s acquisition of e-Portal Holding Company
Through its role, Kamco Invest assisted stc in identifying, shortlisting, assessing, and evaluating potential targets that fit the requirements set out under its strategic objective
04/13/2022
RAKBANK's shareholders nod to 22.5% dividends for 2021
It is noteworthy to mention that in 2021, RAKBANK recorded a 50% year-on-year (YoY) rise in net profits to AED 758.3 million, compared to AED 505.4 million.
04/13/2022
Beema named “Best Company” by Money 2.0
Beema’s Chief Executive Officer and Chief Business Officer receive Outstanding Leadership Award as well
04/12/2022
Dubai’s Most Expensive Villa Is This Massive Megamansion, Which Sold for AED 280 Million
The 33,300-square-foot waterfront property boasts 10 bedrooms, indoor and outdoor pools and a “seven-star spa”
04/12/2022
Al Masraf stages strong comeback with Dh132 million profit in 2021
The Abu Dhabi-based lender said net profit rose 115 per cent in 2021 and it’s financial position remained sound with the customers’ deposits increasing by one per cent to reach Dh16.4 billion
04/12/2022
In Abu Dhabi, some landlords continue to offer rent-free even as rents rise
Khalifa City A and Al Reem Island remain most popular with rent-conscious tenants
04/12/2022
UAE’s National Bonds’ investments rise by 36% to Dhs11.89bn in 2021
National Bonds reported an increase of 17 per cent and 9 per cent, respectively, in its women and junior saver segments’ investments in 2021
04/12/2022
Dubai launches Sukuk Al Waqf in a push to encourage humanitarian contributions
The Waqf is now open to all contributors - companies and individuals
04/11/2022
Saudi Re eyes $356mln capital boost through IPO
Saudi Re, which is listed on the Saudi Exchange (Tadawul), said the move to boost the capital from SR891 million ($237.5 million) to SR1.37 billion ($356 million) is aimed at strengthening its capital base and support its future expansion activities
04/11/2022
Abu Dhabi’s Aldar targets Emirati buyers with its new $544mln villa development
New project features 554 villas with prices starting from 2.7 million dirhams
04/11/2022
Dubai's private sector businesses see strong improvement despite inflation
The lifting of COVID-19 restrictions has created more economic activity in the market as well as tourism demand, S&P Global said in its PMI report
04/08/2022
National Bonds investments up 36% to AED 11.89bln marking significant shift in savings behavior across UAE
The company’s pioneering products offer savers the opportunity to earn up to 3.33% in expected returns per annum
04/08/2022
SNB Capital sees profit leaps for SABIC, Al Rajhi Bank in Q1 2022
SNB Capital also forecasted profit leaps for some of Saudi Arabia’s main banks, led by Al Rajhi Bank
04/08/2022
Lebanon’s central bank counts its gold for first time in at least 30 years
The check comes amid intense scrutiny over Banque du Liban’s losses
04/07/2022
Equiom opens new office in Riyadh
Equiom has since expanded its geographic reach in the Middle East, with offices in the Dubai International Financial Centre, Dubai, Abu Dhabi and Qatar.