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Alternative Investments

10/20/2022

Saudi finance companies witness sharpest q/q drop in net income since 2018

Finance companies’ return on equity fell by a record 2.73 percent last quarter, going from 4.03 percent in the first quarter to 1.3 percent in the second showed the data.

10/20/2022

BHB awarded by Global Business Outlook for outstanding contribution to capital markets development

The Global Business Outlook Awards strives to recognize and reward excellence in businesses around the world

10/19/2022

Saudi Arabia sells $5bln in first bond deal in almost a year

The kingdom sold $2.5 billion in six-year sukuk at 105 basis points

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

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.

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