Qatar First Bank holds Extraordinary General Meeting
Qatar First Bank held its Extraordinary General Meeting (EGM) and approved all agenda items Monday. The EGM, chaired by…
Hedge Funds & Alternative Investments
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Gold prices turn seriously hot again, up $40/oz in 2 days – Dubai Gold Rate to go past Dh200/g again
Gold prices are again turning too hot for UAE shoppers, with the Dubai Gold Rate expected to cross Dh200 a…
Capital Bank achieves half-year profits of JD 60.2mln
Capital Bank Group has announced half-year net profits for 2022, the highest since its establishment that are equal to the…
ADNOC Distribution to acquire a 50% stake in TotalEnergies’ fuel retail, aviation and lubricants business in Egypt
ADNOC Distribution has announced it has entered into an agreement with TotalEnergies Marketing Afrique SAS to acquire a 50% stake…
Saudi Arabia received $5.5bln in Chinese BRI investments in H1-2022
Saudi Arabia was the single largest recipient of China's Belt and Road Initiative (BRI) investments, with about $5.5 billion in…
IMF says Egypt needs progress on fiscal and structural reform
The International Monetary Fund said on Tuesday that Egypt needed to make "decisive progress" on fiscal and structural reform as…
Saudi SAMA: Insurance companies must settle third party claims within 5 days if amount is below $534
The Saudi Central Bank (SAMA) has instructed that it is mandatory for all insurance companies to settle insurance claims for…
In Dubai, residents find rent renewals offer cheaper option in H1-2022
Is your landlord demanding a rental hike? And quite a big increase at that? Landlords in Dubai are doing…
QFC report reveals investor confidence in Qatar’s flourishing digital sector
The mid-year growth record of Qatar Financial Centre (QFC) has revealed investor confidence in Qatar’s flourishing Digital sector. Among the…
Dubai billionaire to build Africa’s tallest building in Zimbabwe
Dubai-based billionaire businessman Nawab Shaji Ul Mulk is in Zimbabwe for the groundbreaking ceremony ahead of the construction of a…
EFG Hermes successfully concludes advisory on Orascom Development Egypt’s flagship project “O West” EGP1.5bln financing
Orascom Development Egypt (ODE) announced today that its subsidiary Orascom for Real Estate S.A.E (ORE), has signed EGP 1.5 billion…
Luxury stores hold premium space in Middle East retail sector
The luxury retail industry has emerged from the pandemic crisis stronger and more dynamic than ever, and the Middle East…