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
Alternative Investments
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.
04/07/2022
Egypt issues its first samurai bonds: Cabinet
The samurai bonds are, thus, less expensive than the dollar-dominated bonds, the IDSC noted.
04/07/2022
High reliance on foreign funding poses risks for Qatari banks: Moody’s
Dependence on foreign funds can potentially transmit and amplify shocks among banks and economy
04/06/2022
Kingdom’s Agricultural Development Fund approves $115m loans
The board also reviewed the progress of an initiative to finance the import of agricultural products to ensure food security in the Kingdom.
04/06/2022
Fitch ratings publishes Turkish banks datawatch: 4Q21
Related Fitch Ratings Content: Turkish Banks Datawatch: 4Q21
04/06/2022
DAE Ltd closes US$ 1bln Senior Unsecured Revolving Credit Facility
Deal successfully closed by Al Ahli Bank of Kuwait, Emirates NBD Capital limited, and First Abu Dhabi Bank PJSC
04/06/2022
FDI inflows into UAE jump 3.9% to reach Dh76 billion in 2021
Total FDI balance in the country touches nearly Dh630 billion
04/06/2022
Azimut Egypt manages assets exceeding $547mln, aims to grow 20% by 2022-end
Daily News Egypt interviewed Abou El-Saad to learn about Azimut’s business plans in 2022
04/06/2022
Citi Launches Sustainable Trade and Working Capital Loans
These new loans help Citi’s corporate, commodity, financial institution, and commercial banking clients manage their working capital needs by funding their international trade finance and day-to-day commercial activities.
04/05/2022
UAE banking sector pivots to new resilience mechanisms to spur growth
The UAE banks have emerged stronger than ever after the economic slump brought about by the pandemic
04/05/2022
Bahrain real estate market sees ‘encouraging signs’
Citing data from the Survey and Land Registration Bureau, Property Finder noted that the value of real estate transactions in the kingdom rose by 46%
04/05/2022
Kuwait ranks third in GCC for personal luxury goods
Kuwait recorded the highest growth in the Gulf region in 2021 compared to 2019 at 35%
04/05/2022
Dubai Future Foundation partners with Richemont to develop new solutions in the luxury retail sector
To provide opportunities for entrepreneurs and startups from around the world to share innovative ideas
04/05/2022
Banking, financial firms drive QSE listed firms’ profits
Net profits of firms in the banking and financial have increased around 13 percent in 2021 compared to a year ago.
04/05/2022
Egypt’s sovereign fund eyes cooperation with PIF
The fund’s agreement with PIF includes identifying specific sectors for cooperation, Soliman explained.
04/04/2022
Al-Omar: KFH attracts promising talents for creating competitive advantages
Also, the bank provides flexible and enhanced work processes to execute innovative initiatives and participate in introducing the best banking solutions that would improve customer experience.
04/04/2022
Etihad Credit Insurance achieves record-high milestones in 2021
Export credit agency has issued 6,620 revolving credit limits in 2021, up 229 per cent from the 2,013 facilities a year earlier
04/04/2022
Moscow Outbound Private Investment Moves To Dubai
Decisions may still be made in Moscow, but Dubai is becoming the Asia investment back office