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Alternative Investments

03/30/2022

Wealthy Russians pour into Turkey, Dubai real estate markets

While Turkey and the UAE have criticized the Russian offensive, Ankara opposes non-U.N. sanctions on Russia and both countries have relatively good ties with Moscow and still operate direct flights.

03/30/2022

EBRD launches Green Star Venture programme in Jordan

Jordan is the first economy in the EBRD regions to pilot the programme.

03/30/2022

QSE listed insurers’ net profits soar 138% in 2021

In its latest report on ‘GCC Insurance Industry’ Alpen Capital said the insurance market in Qatar is estimated to reach $1.9bn in 2026, growing at a CAGR of 4.7% from 2021.

03/29/2022

Barrows Hotel Enterprises starts offering high yield Bond Structures to Institutional Investors

As a result, more innovative ways of financing, such as high-yield bonds, are being implemented.

03/29/2022

Qatar plans to invest $5 billion in Egypt: Egypt cabinet

The Qatari agreement comes after Abu Dhabi wealth fund ADQ earlier this month made a roughly $2 billion deal to buy Egyptian state-owned stakes in publicly listed companies.

03/29/2022

Abu Dhabi sovereign fund pausing Russia investments, CEO says

The Abu Dhabi fund's website said it had invested $3 billion in Russia in about 50 companies

03/29/2022

Al Baraka Bank covers $40.93mln of Palm Hills’ sukuk issuance

The sukuk issuance was also covered by Arab Investment Bank and Suez Canal Bank

03/28/2022

Avanz Capital Egypt Establishes Avanz Manara

The authorized capital of Avanz Manara is EGP 2 billion, with initial subscribed capital of EGP 905 million from Egyptian institutional investors.

03/28/2022

'Markaz': 2021 marks a year of achievements despite challenges

Markaz’s Ordinary and Extraordinary General Assembly approves the Board of Directors’ recommendation to distribute cash dividends of 10% per share and bonus shares of 5% and increase capital

03/28/2022

ADX to see 13 more listings before year-end

New listings could include four companies from outside the UAE, while others may be government and family-owned businesses

03/25/2022

As rouble plunges, wealthy Russians could boost Dubai property – S&P

Dubai remains a welcoming place for Russian citizens and HNWIs, which could boost demand, the ratings agency said

03/25/2022

Saudi Arabia's land bridge project costs 'to hit $26bln'

We have been working with an international coalition led by a Chinese company and including national companies for two years, says the minister

03/25/2022

Abu Dhabi hospital operator NMC Healthcare comes under new ownership led by ADCB

New structure will prepare the ground for NMC Group to find a new owner in 2-3 years

03/25/2022

Roland Berger strengthens its local presence in Saudi Arabia

“It is important for me, to be in Riyadh close to our key clients, and to be able to become a part of and contribute to the Kingdom’s professional and social fabric.”

03/25/2022

GCC banks stand to gain from rate rises and drop in cost of risk amid economic recovery

A 100-basis-point increase in benchmark interest rates would boost banks' earnings by 13%, S&P Global Ratings says

03/24/2022

ADQ and Türkiye Wealth Fund launch $300m venture capital fund

"ADQ TWF builds on the broader commitment to investing in the future growth of Türkiye we made in late 2021 as the UAE and Türkiye continue to advance bilateral trade and investment,"

03/24/2022

Arjun Vir Singh and Ryan Alnesayan partner at Arthur D. Little

Ryan Alnesayan is a partner in Arthur D. Little’s Public Services practice in the Middle East, and the leader of the firm’s Riyadh office.

03/24/2022

Mashreq Bank to support upcoming IPOs subscription on Dubai Financial Market

Dubai preparing to list 10 government-owned entities on DFM

03/23/2022

UAE businesses have some balancing to do as bank loans start to rise with US rate hikes

US Fed signals higher and faster rate hikes - what should UAE businesses do?

03/23/2022

Bank ABC, Emcap arrange $400mln loan for BankDhofar

Both the banks acted as joint co-ordinators, joint underwriters, initial mandated lead arrangers and bookrunners (together the Imlabs) for BankDhofar's loan facility

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