04/30/2021
Moody’s affirms ratings of Masraf Al Rayan
The merger remains subject to regulatory and shareholder approvals and is expected to be completed in the first half of 2021.
Alternative Investments
04/29/2021
Saudi Tadawul group appoints financial advisors for its upcoming IPO
Earlier this month, Saudi Tadawul Group confirmed that it is considering an IPO on Saudi Exchange's Main Market
04/29/2021
Etisalat stock dips as investor take out profits ahead of first quarter results
Banking stocks remain under pressure as investors turn jittery
04/27/2021
HBKU's Qatar Environment and Energy Research Institute launches country's first Solar Atlas to map renewable energy potential
Solar Atlas aims to help accelerate and optimize use of solar energy
04/27/2021
MENA sovereigns: Only Abu Dhabi, Qatar will have fiscal surpluses in 2021
COVID-19 fallout will continue to squeeze economic activity
04/27/2021
Kuwait's Agility unit bought by Danish firm in $4.1bln deal
Agility's logistics unit had revenue of $4bln last year, 80% of which was in air and freight, and around 17,000 employees
04/27/2021
Abu Dhabi’s Adnoc and OCI said to hire banks for Fertiglobe IPO
The company could be valued at $7 billion
04/27/2021
Saudi mortgage finance firm eyes US debut issuance
“We are following a strategy of diversification and access to liquidity and capital markets. We may tap the market again.
04/26/2021
Dubai's Shuaa to pay $20.6mln cash dividends after profits more than doubled
Dividends represent 3% of firm's share capital
04/23/2021
Dubai's Azizi Developments claims first property sale to Israeli buyer
Firm says it's the first UAE developer to register Israeli property purchase
04/23/2021
KPMG brings its global Oracle partnership to Saudi Arabia
Now, the pair have brought their partnership to Saudi Arabia – where cloud technology is climbing up the agenda in a rapidly digitalising business environment.
04/21/2021
PPAs signed for seven solar power projects in Saudi Arabia
Latest deals under kingdom's renewable energy programme will have total capacity of 2.97GW
04/21/2021
Saudi trade name requests jump amid signs of FDI rebound
The Kingdom has accelerated efforts to attract foreign investment this year as the pandemic created new challenges for regional economies seeking to diversify, modernize and create jobs for citizens.
04/20/2021
Etihad Credit Insurance and Emirates NBD sign deal
Etihad Credit Insurance and Emirates NBD ink agreements to improve liquidity of the country's exporters, in line with the Make it in the Emirates initiative
04/20/2021
Dubai's new super-luxury office tower ICD-Brookfield at DIFC is winning tenants slow and steady
Pandemic disruptions and WFH culture slowed take up rates for Dubai's office space
04/20/2021
Abu Dhabi's G42 forms big data JV with Israeli defence company Rafael
G42 is an Abu Dhabi-based artificial intelligence and cloud computing company set up in 2018 which works with government and private clients.
04/20/2021
Faisal Bank of Egypt’s business volume rises
Faisal Islamic Bank of Egypt (FAIT) levelled up 11.2% Year on Year (YoY) by the end of March 2021
04/20/2021
NBK-Egypt launches new corporate banking solution
The NBK was founded in 1952 as the first indigenous bank and the first joint-stock company in Kuwait and the Gulf Region; it is considered the largest financial institution in Kuwait.
04/19/2021
Dubai-based Oman Insurance gets 'positive' rating from S&P
Insurer could have rating raised if it further strengthens operating performance
04/19/2021
Sharjah Insurance's shareholders approve 7% dividends for 2020
Cash dividend distribution aggregates at a total amount of $2.6mln