04/19/2022
Saudi telecom firm Zain net profit jumps 98% to $22m in Q1 on higher revenue
The increase was due to a 12.44 percent rise in earnings driven by the growth in 5G and other revenue streams.
Alternative Investments
04/19/2022
Arab economies expected to grow by 5% in 2022: AMF
A significant improvement in the growth rate of this group of countries is expected in 2023 to reach 5%
04/18/2022
The value of real estate transactions records 4.85mln Riyals during Q1
52% of the total deals are “Ready-made properties”: Utopia index
04/18/2022
GFH launches “Prime” programme to reward top shareholders
GFH Prime provides exclusive rewards around new investments and offers from companies within Group’s portfolio
04/18/2022
Bank deposits increase to EGP 6.549trn in January 2022: Egypt
In its monthly report, the CBE stated that government deposits increased to EGP 1.349trn in January, compared to EGP 1.299trn in December 2021
04/18/2022
Saudi Arabia converts $300mln deposit with Mauritania's central bank to soft loan
It comes as part of the Kingdom’s ongoing efforts and leadership role in supporting the development and economy of Arab and Islamic states
04/14/2022
UAE to help African countries diversify their economies
His Excellency Mohammed Saif Al Suwaidi, also signed a Memorandum of Understanding
04/14/2022
Abu Dhabi stock exchange seeks more private sector listings
‘Second Market’ has been rebranded as ‘Growth Market’
04/14/2022
Abu Dhabi's villa market still 'undersupplied'
Villa deliveries is expected to be limited this year, says new report
04/14/2022
Dubai’s residential market sees record growth in Q1 2022: CBRE
CBRE stated that the first quarter saw off-plan sales increase by 94.6 per cent and secondary market sales grow by 76.1 per cent over the previous year
04/13/2022
Turkey’s Ziraat Bank secures $1.24 billion loan at higher cost
Turkish banks were borrowing at interest margins of less than 100 basis points above dollar
04/13/2022
Abu Dhabi’s ADQ sets up SPAC with Chimera, eyes nearly $100mln IPO
ADC Acquisition Corporation plans to raise AED367mln though share sale
04/13/2022
Bahrain's IIFM and TKBB sign MoU on participation banking sector
To collaborate on areas of common interests
04/13/2022
Saudi PIF ranks 5th among world’s sovereign funds with $620bn assets
Third in the ranking is Kuwait Investment Authority, with assets of $737 billion, then the Abu Dhabi Investment Authority with assets of $697 billion.
04/13/2022
Kamco Invest successfully leads stc’s acquisition of e-Portal Holding Company
Through its role, Kamco Invest assisted stc in identifying, shortlisting, assessing, and evaluating potential targets that fit the requirements set out under its strategic objective
04/13/2022
RAKBANK's shareholders nod to 22.5% dividends for 2021
It is noteworthy to mention that in 2021, RAKBANK recorded a 50% year-on-year (YoY) rise in net profits to AED 758.3 million, compared to AED 505.4 million.
04/13/2022
Beema named “Best Company” by Money 2.0
Beema’s Chief Executive Officer and Chief Business Officer receive Outstanding Leadership Award as well
04/12/2022
Dubai’s Most Expensive Villa Is This Massive Megamansion, Which Sold for AED 280 Million
The 33,300-square-foot waterfront property boasts 10 bedrooms, indoor and outdoor pools and a “seven-star spa”
04/12/2022
Al Masraf stages strong comeback with Dh132 million profit in 2021
The Abu Dhabi-based lender said net profit rose 115 per cent in 2021 and it’s financial position remained sound with the customers’ deposits increasing by one per cent to reach Dh16.4 billion
04/12/2022
In Abu Dhabi, some landlords continue to offer rent-free even as rents rise
Khalifa City A and Al Reem Island remain most popular with rent-conscious tenants