RAKBANK's shareholders nod to 22.5% dividends for 2021
The ordinary general meeting (OGM) of the National Bank of Ras Al Khaimah (RAKBANK) has approved a cash dividend distribution…
Hedge Funds & Alternative Investments
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Dubai’s Most Expensive Villa Is This Massive Megamansion, Which Sold for AED 280 Million
A custom-built, 33,300-square-foot megamansion that sold last week for AED 280 million (US$76.2 million), now holds the record for Dubai’s…
Al Masraf stages strong comeback with Dh132 million profit in 2021
Arab Bank for Investment and Foreign Trade, popularly known as Al Masraf, on Monday staged a strong comeback with Dh132…
Saudi EXIM Bank Approves Credit Worth $1.4 Bn to Boost Alternative Economy
The Saudi Export-Import Bank approved loans worth over $1.46 billion during the first quarter of 2022 to support the Vision…
Renewables take lion’s share of global power additions in 2021
Renewable energy continued to grow and gain momentum despite global uncertainties taking the lion's share of power additions in 2021,…
In Abu Dhabi, some landlords continue to offer rent-free even as rents rise
Rents are on the rise again in Abu Dhabi, but landlords – at least some of them – continue to…
UAE’s National Bonds’ investments rise by 36% to Dhs11.89bn in 2021
Shari’a-compliant savings and investment company, National Bonds’ 2021 annual profits report has revealed that more UAE nationals and residents are…
Dubai launches Sukuk Al Waqf in a push to encourage humanitarian contributions
Dubai government on Tuesday announced the launch of Sukuk Al Waqf, the first of its kind initiative in the world.…
FAB successfully prices CHF 200mln Green Bond in the Swiss Franc market
Following its success with the first-ever Euro denominated Green Bond issue from the MENA region last week, First Abu Dhabi…
Saudi Re eyes $356mln capital boost through IPO
Saudi Reinsurance Company has announced that its board has recommended an increase in capital through a SR445.5 million ($118.7 million)…
UAE set to attract more investments in region, says Dr Nagel
The UAE’s image as global hub will further strengthen as it is poised to see new dialogues which will attract…
Abu Dhabi’s Aldar targets Emirati buyers with its new $544mln villa development
UAE developer Aldar Properties is looking to further tap into strong local demand with the launch of its new 2…