Service fee cut drives Capital’s real estate in 2022
The Abu Dhabi real estate thrived as the government policy actions benefit the sector and attract foreign investors towards the…
Hedge Funds & Alternative Investments
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Linklaters advises Abraj Energy Services on Oman’s largest IPO in over a decade
Linklaters advised Abraj Energy Services SAOG, Oman's largest provider of onshore drilling services, on its recent IPO. Linklaters also advised…
City Centre Bahrain welcomes 60 new lifestyle brands to its expanding retail portfolio
With over 340 retail outlets and 14 million visitors each year, homegrown brands contribute to over 15% of Majid Al…
Saudi Wealth Fund Starts New Airline Headed by Former Etihad CEO
Saudi Arabia’s wealth fund has named former Etihad Aviation Group boss Tony Douglas chief executive officer of a new national…
Middle East non-oil economy will continue to surge in 2023: PwC chairman
The growth of the Middle East’s non-oil economy will continue to progress into 2023 as the GCC economies continue to…
Dubai’s Union Properties returned to profit in 2022 but faces dissolution vote
Dubai-based Union Properties returned to a profit of AED 30 million ($8.2 million) in 2022. However, the developer will present…
Abu Dhabi-based IHC’s 2022 profit surges to a record $8.9bn
International Holding Company said its annual net profit surged 181 per cent in 2022 to a record $8.9bn (Dhs32.6bn), the…
Dubai records over $408mln in realty transactions on Thursday
Dubai real estate market recorded 502 sales transactions worth AED1.2 billion, in addition to 98 mortgage deals of AED388.51 million,…
Investments in Saudi Arabia’s digital infrastructure hit $25bn in 6 years
Saudi Arabia’s communications and technology market is witnessing rapid growth with SR93 billion ($24.7 billion) worth of investments already pumped…
Moody’s expects rise of M&A activity in GCC
Banks in the Gulf Cooperation Council region will witness a rise in merger and acquisition activity enabling future synergies and…
Lebanon banks 'have no liquidity,' says banking association's secretary general
Lebanon's commercial banks do not have enough liquidity to pay back depositors, the secretary general of the country's banking association…
60 years of Kuwaiti women working and ‘empowered’ in banking sector
The role of Kuwaiti women in the banking sector reflects their effective and vital role in economic life countrywide, as…