Saudi's Al Rajhi Bank board recommends $667mln dividend
The board of directors of Saudi Arabia’s second largest bank has recommended a dividend of SAR 2.5 billion ($667 million).…
Hedge Funds & Alternative Investments
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UAE shoppers make good use of weekend gold price drop to below Dh200 a gram
UAE shoppers rushed to gold and jewellery stores over the weekend – and it’s a good thing they did as…
Dubai on track to become leading sustainable financial hub
The Dubai Sustainable Finance Working Group has published two comprehensive guides as part of Dubai’s efforts to accelerate its leading…
Bruno Wehbe leads Booz Allen's MENA real estate practice
Three years after leaving the firm, Bruno Wehbe has re-joined Booz Allen Hamilton as a Vice President and leader of…
GFH acquires mission-critical Chicago distribution center
GFH Financial Group has announced the acquisition of a mission-critical distribution facility in Chicago, Illinois, which has been leased since…
Saudi Industrial Services set to distribute 8% cash dividend
The board of Saudi Industrial Services Co. has recommended the distribution of 8 percent cash dividend to shareholders for the…
Saudi Arabia’s euro bond 3 times oversubscribed
The Saudi National Debt Management Center (NDMC) has announced the receipt of subscriptions from investors for its second international issuance…
Egypt’s foreign investments in government debt instruments amounted to $29bn
The value of foreign investments in Egyptian government debt instruments in the first quarter of the current fiscal year amounted…
Insurance sector helps Qatar shares cross 10,100 level
The proposed mandatory health cover requirement yesterday buoyed the insurance sector, lifting the sentiments in the Qatar Stock Exchange whose…
Qatar private sector exports reach QR14.9bn in 2020
Qatar’s private sector exports reached QR14.9bn last year, a decrease of 30 percent compared to QR21.6bn recorded in 2019, according…
The changing role of in-house legal in the Middle East
As businesses in the Middle East adapt to the impact of the global pandemic, economic recession and unprecedented low demand…
Israeli-UAE consortium is now in talks to buy Bahrain’s BFC Group
A consortium, consisting of Prism Group AG and Royal Strategic Partners, is in merger talks with Bahrain’s BFC Group Holdings.…