02/09/2022
Kuwait Finance House net profit surges 64pc to $803m
Net operating income for the year ended 2021 reached KD 503.1 million; an increase of 0.7% compared to last year, it stated.
Alternative Investments
02/08/2022
Saudi sukuk issuance rises by 37% in 2021, says S&P Global
On a broader scale, global sukuk issuance has slightly decreased to $147.4bln in 2021
02/08/2022
IQ-EQ welcomes Atlantica Ventures as first Launchpad client
IQ-EQ Launchpad was founded on the principle that gender equality is a fundamental right and that leadership is required to drive change.
02/08/2022
Moody's assigns first time A1 rating to Saudi Arabia's PIF
The ratings reflect strong credit interlinkages between the kingdom and the wealth fund
02/08/2022
Dubai's SHUAA Capital Files With SEC for Potential SPAC Listing in NY
SHUAA is now going through the final regulatory approvals following which a decision will be made to IPO the SPAC
02/07/2022
Profits of Alinma Bank soar 38% to $722mln last year
The rise in expenses was partly capped by a lower impairment charge for expected losses
02/04/2022
Oman Banks Association holds its first meeting of 2022
Chaired by Mr. Abdul Hakeem Al Ojaili, Chairman of OBA, the Board discussed and deliberated on the development and enhancing banking excellence in Oman
02/03/2022
Egypt's business conditions deteriorate amid high prices, weak demand
Construction, wholesale, retail businesses post sharp decline in output
02/03/2022
Saudi SABIC Q4 net profit rises to $1.32bln on higher prices, sales
Warns new capacity and higher costs will hit earning in 2022
02/03/2022
Business activity in Arab world's largest economies continued to improve in January
The non-oil economies of Saudi Arabia and the UAE grew but at a slower pace amid a surge in Omicron infections
02/03/2022
Middle Eastern countries look to China for infrastructure funding, new technology
Countries in the Middle East, especially Iraq, are a new focus of investment under China’s Belt and Road Initiative, a report out of Fudan University said today.
02/03/2022
Middle-East smart mobility investments a lesson for Africa
A report from the International Data Corporation (IDC) estimated that the region has invested about $2.3 billion in smart city technologies by the end of 2021.
02/02/2022
Yas Holding wins SAP Award for 'Innovation and Leadership in Asset Management'
The recognition from SAP was in appreciation of Yas Holding's implementation of the EAM solution within its group companies which began in February 2021, following industry best practices
02/02/2022
Dubai records third highest growth in 2021 prime residential capital values among 30 cities
Leads prime rental market performance
02/01/2022
ACWA Power signs MoU with Saudi EXIM Bank
To develop and cooperate on knowledge sharing initiatives in the area of project finance
02/01/2022
Aldar completes first investment in Ras Al Khaimah
With plans for further expansion in the Emirate
02/01/2022
Dubai Financial Market net profits down to $28mln for 2021
Profits fell to $28mln for the year down from $37.32mln in 2020
01/31/2022
Kuwaiti National Industries to increase in its capital by 35%
The National Industries Co. is a subsidiary of National Industries Group Holding SAK that manufactures and markets building materials and infrastructure products.
01/31/2022
Investcorp announces sale of 10 UK Industrial and Logistics assets for a combined sale price of £108.4mln
Following significant investment into the UK industrial and logistics sector over the past four years, Investcorp has successfully sold a total of 10 assets to Kennedy Wilson, Realty Income and Investra Capital
01/31/2022
‘Kuwait Sovereign’ one of 4 wealth funds in GCC
The report added the Norwegian Sovereign Wealth Fund managed by its Central Bank has assets of 1.33 trillion dollars and ranks first in the world, followed by the fund of the Chinese Investment Company with assets of 1.222 trillion dollars.