09/14/2021
Montfort Group enters East African market by acquiring Kencor Petroleum Limited in Kenya
This acquisition marks Montfort's strategic entry into East Africa, one of Africa's major markets
Alternative Investments
09/13/2021
Quantuma launches in the Middle East with new UAE office
The Quantuma story started in the UK in 2013, when the consulting firm opened our first office in Southampton.
09/13/2021
Abu Dhabi's state holding firm ADQ hires more bankers as it steps up dealmaking
The hiring spree comes as the fund's appetite for deals at home
09/08/2021
Saudi Arabia’s PIF hires 5 banks for ESG panel on green finance push
The selected banks are Credit Agricole, Deutsche Bank, Goldman Sachs, HSBC and Standard Chartered
09/08/2021
Dubai International Financial Centre continues strong growth in H1 2021
492 new companies join DIFC in H1 2021, a 59% increase from the same period in 2020
09/08/2021
Axa sells insurance operations in Gulf region
The sale of AXA’s 28% shareholding in AXA Green Crescent Insurance Company (in UAE),
09/08/2021
Abu Dhabi starts marketing two-tranche bonds, document shows
BNP Paribas, First Abu Dhabi Bank, JPMorgan, Morgan Stanley and Standard Chartered are arranging the deal
09/08/2021
A ticket to boost the Arab world's tech sector
Similar advancements are taking place in Oman, that is following suit with the Madinat Al Irfan smart city project in Muscat.
09/08/2021
Apex Group appointed fund administrator of the Masdar Green REIT
Under the private REIT regime, the Masdar Green REIT offers the opportunity for professional investors to invest in a portfolio of stable, income-generating, sustainable real estate assets located in Masdar City, and the UAE.
09/07/2021
FundRock launches Middle East ManCo Services
The business will be led by Senior Executive Officer Faisal Hasan
09/07/2021
Gold to stay high in the near-term, says Fitch Solutions
Gold prices have largely traded sideways so far in H2, barring a flash collapse in early August, Fitch Solutions said.
09/07/2021
Saudi Exim Bank signs reinsurance agreement with ICIEC
Agreement aims to contribute to Saudi Vision 2030 goals and boost Kingdom's non-oil economy
09/06/2021
SRC signs $533.35m mortgage finance deal with Saudi Arabia's social insurance agency
SRC will refinance the portfolio of a housing programme backed by the General Organisation for Social Insurance
09/03/2021
Saudi PIF to become largest shareholder in Emaar the Economic City after debt swap
Debt owed to Saudi finance ministry to be shifted to PIF and settled with new capital
09/02/2021
Standard Chartered acts as sustainability coordinator on Majid Al Futtaim $1.5 billion Sustainability Linked Loan
A landmark transaction led by the Bank; the SLL makes Majid Al Futtaim the first privately-owned Dubai corporation to borrow via this type of innovative facility
09/02/2021
Bahrain's Investcorp announces completion of sale of PRO Unlimited
The sale of PRO Unlimited represents a highly successful exit for Investcorp and our investors
09/02/2021
QSE ends flat amidst gains in industrials, real estate stocks
Local retail investors were seen net profit takers in the market, which saw the industrials and banking sectors together constitute about 69% of the total trading volume.
09/02/2021
Saudi Arabia to support tech businesses with loans of up to $4m
Financing will be given to SMEs and small businesses as part of the kingdom’s plans to boost the digital economy
08/31/2021
New overseas property buyers in Dubai hit a snag opening bank accounts
New offshore companies face tighter scrutiny on shareholder structure and more
08/31/2021
Saudi mortgage lending picks up in July
The slow down in the summer months of this year for new mortgage did not affect the overall growth this year, with total real estate loans to corporate and individuals in Q2, up by 40 percent from a year ago, settling at SR503 billion.