06/01/2022
ICD bounces back with Dh10.1 billion in profit
The investment fund’s revenues surged 24.5 per cent compared to the prior year.
Alternative Investments
05/31/2022
Israel to Launch Long-Delayed Sovereign Wealth Fund
The Finance Ministry transferred ILS1.14 billion to the fund last week, the report said.
05/31/2022
Dubai’s state investor ICD swings to $2.75bln net profit in 2021
Higher revenues and lower impairments supported the return to profitability
05/30/2022
UAE, Egypt and Jordan agree on $10bn industrial partnership investment fund
The five areas that the three countries will cooperate on include food, agriculture and fertilisers; pharmaceuticals; textiles; minerals and metals; and petrochemicals
05/30/2022
In Saudi Arabia, surge in Riyadh's home prices is hitting 20%, while Jeddah is still affordable
Riyadh home prices grow at fastest rate in 5 years, making it difficult for young to buy
05/30/2022
Qatar First Bank successfully exits Jefferson Square, US Real Estate Investment, and plans to generate more than 8% IRR for investors
The anticipated holding period for this investment was five years, however, QFB considered the favorable US Real Estate market outlook
05/27/2022
Waha Capital’s MENA Equity Fund wins EuroHedge 2021 Award
Won for Best Emerging Markets Equity fund
05/26/2022
EFG Hermes Holding kicks off the year with a strong set of results for the first quarter of 2022 across its operations
Posting a remarkable 55% Y-o-Y increase in revenues
05/26/2022
Global Investor Confidence Sees an Increase of 4.8 Points in May to 97.1
The index differs from survey-based measures in that it is based on the actual trades, as opposed to opinions, of institutional investors.
05/26/2022
Capital Intelligence maintains investment grade rating for Kamco Invest with stable outlook
The outlook on the ratings remains ‘Stable’ primarily due to Kamco Invest’s leading position in the asset management industry, as well as the Company’s strong funding and liquidity base
05/25/2022
Arada Developments hires banks for debut dollar sukuk
They are joined by Abu Dhabi Commercial Bank
05/23/2022
DIG acquires Infinity and invades the real estate market with mega projects
Infinity owns commercial projects in the New Administrative Capital
05/23/2022
SICO advises on fixed income investment strategies amid current market conditions
US Treasury yields surged by an average of 160 basis points this year, with market participants pricing in as much as 8.5 rate hikes for 2022, according to Fed Fund Futures.
05/23/2022
Star Tech: Wellx – UAE's first-of-its kind insurance platform
The company uses cutting-edge data analytics tools to hyper-personalise the wellness experience for individuals, families, and corporate entities
05/23/2022
With higher interest rates, UAE banks are headed for pre-pandemic profitability
UAE banking sector packs some heavy buffers in year-to-date
05/20/2022
ADX and BHB discuss high-level strategic partnership in Abu Dhabi
ADX and BHB take steps to unlock opportunities, bolster bilateral cooperation on key issues and common concerns
05/20/2022
Abu Dhabi Securities Exchange and Bahrain Bourse talk over strategic partnership plans
The two stock exchanges met this week about achieving greater cross-border cooperation
05/19/2022
The BIBF and Bahrain Bourse launch a series of webinars under the investment academy
Spreading awareness about the importance of the financial and investment culture
05/18/2022
Dubai: New project launches surpass pre-pandemic level in first quarter of 2022
Dubai: New project launches surpass pre-pandemic level in first quarter of 2022
05/18/2022
Sovereign Group acquires PRO Partner Group to further expand its GCC footprint
The new partnership brings wider global market access to the Middle East