Barwa Real Estate reports QR1.214bn net profit in 2020
Barwa Real Estate Group yesterday announced net profit attributable to the shareholders of the parent company amounting to QR1.214bn for…
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Bahrain's Bank ABC focuses on fees, eyes new markets for digital bank
Gulf banks face a tough year and the pandemic is spurring lenders to introduce digital services more rapidly, a top…
Dubai private wealth tops $517bn as UAE attracts rich with 'safe haven' status
Total private wealth held in Dubai is estimated at $517 billion as 35,000 high net worth individuals (HNWIs) are thought…
Bitcoin tops $50,000 as it wins more mainstream acceptance
Bitcoin rose above $50,000 on Tuesday for the first time, adding steam to a rally fuelled by signs that the…
Saudi Arabia’s Raqamyah raises $2.3m in funding
Riyadh-based peer-to-peer lending platform Raqamyah has raised $2.3 million from its latest funding drive, with investors including Impact46, Vision Ventures,…
U.A.E.’s Residential Market Shows More Signs of Recovery
More signs point to a rebound in the United Arab Emirates real estate market, following a major disruption to home…
KPMG: Mergers & acquisitions to gain pace in Insurance Sector in 2021
Saudi Arabia’s insurance industry closed the financial year 2020 on a high note, as a result of the cumulation of…
Abu Dhabi's ADQ lines up banks for $1 bln Louis Dreyfus acquisition loan – sources
Abu Dhabi's state-owned ADQ haslined up a small group of banks for a loan of about $1 billionto back its…
Family businesses risk missing the mark on ESG – PwC Family business survey
In a year where business has had to transform the way it meets the needs of society and the environment,…
Saudi Arabia To Stop Signing Contracts With Companies Not Having Local Presence From 2024
The government of Saudi Arabia intends to stop signing contracts with foreign companies and commercial institutions with regional headquarters outside…
Venture capital ‘a key component in wealth creation’
Venture capital has become a key component in wealth creation investment strategies as GCC investors seek alternative asset classes to…
Abu Dhabi banks invested $7.1b in debt securities in 2020
Abu Dhabi banks have invested AED 26.1 billion ($7.1 billion) in debt securities in 2020, according to data released by…