Moody's assigns first time A1 rating to Saudi Arabia's PIF
Moody's Investors Service on Monday assigned an A1 long term issuer rating (Global Scale Rating (GSR)) and a1 Baseline Credit…
Hedge Funds & Alternative Investments
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Dubai's SHUAA Capital Files With SEC for Potential SPAC Listing in NY
Dubai-listed investment bank SHUAA Capital said on Tuesday it has filed a registration statement with the U.S. Securities and Exchange…
Profits of Alinma Bank soar 38% to $722mln last year
Saudi Arabia’s Alinma Bank has recorded a 37.8 percent surge in 2021 profits, propelled by higher operating income. The…
Saudi Riyad Bank to issue dollar denominated Tier 1 capital sukuk
Saudi Arabia's Riyad Bank plans to issue US dollar denominated Tier 1 capital sukuk to support its capital base and…
Oman Banks Association holds its first meeting of 2022
Oman Banks Association (OBA), held its Board of Directors meeting on February 2, 2022. Chaired by Mr. Abdul Hakeem Al…
Egypt's business conditions deteriorate amid high prices, weak demand
Business conditions in Egypt’s non-oil private sector economy deteriorated in January amid weaker demand and inflationary pressures, according to a…
Saudi SABIC Q4 net profit rises to $1.32bln on higher prices, sales
Petrochemicals giant Saudi Basic Industries Corporation (SABIC) on Thursday said it made 4.93 billion riyals ($1.32 billion) in net profit…
UAE's Etisalat appoints new CEO to manage international business
Emirates Telecommunications Group Company (Etisalat Group) announced on Thursday the appointment of its new CEO-International who will take charge of…
Business activity in Arab world's largest economies continued to improve in January
Business activity in the non-oil private sector economies of Saudi Arabia and the UAE continued to expand in January, although…
At Arab Health 2022, a peek at how futuristic tech is changing the face of modern healthcare
With escalating advancement in digital healthcare technologies such as VR/AR, 3D printing, artificial intelligence and robotics, it has become mandatory…
Middle Eastern countries look to China for infrastructure funding, new technology
China is expanding its presence in the Middle East by building out critical infrastructure in the region and securing deals…
Middle-East smart mobility investments a lesson for Africa
When you fly into any of Hamad International Airport, Doha, King Khalid International Airport, Riyadh, or Dubai International Airport, Dubai,…