Kuwait to transfer 2b dinars to General Reserve Fund
Kuwait’s Ministry of Finance is preparing to transfer 2.05 billion Kuwaiti dinar in liquid cash after the parliament approved a…
Hedge Funds & Alternative Investments
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Bahrain's Ithmaar Holding reveals 43% drop in H1 profits
Bahrain-based Ithmaar Holding has revealed a 43 percent decrease in net profit for the first six months of the year,…
Saudi wealth fund PIF launches real estate company Roshn
Saudi Arabia's wealth management giant Public Investment Fund has launched a new real estate company to build "world-class" integrated communities…
Eshraq Investments buys back 5m shares to give stock a boost
Abu Dhabi’s Eshraq Investments confirmed that it has bought back 5 million of its shares, representing 10 per cent of…
Solid growth in manufacturing sector drives Qatar’s industrial production index up in June
As the coronovirus restrictive measures in Qatar and other parts of the world have started easing in a phased manner,…
Saudi crude exports plunge in June to lowest on record
Crude exports from Saudi Arabia, the world's largest oil exporter, extended a decline in June to the lowest on record,…
'Tough' months ahead for Dubai's property market: DAMAC CEO
The coronavirus pandemic has somewhat eased Dubai’s oversupply problems, but the months ahead will remain tough for the emirate’s real…
Can Dubai enter the premier league of financial centres?
The deal to normalise relations between Israel and the United Arab Emirates (uae), announced on August 13th, was a diplomatic…
QFC-based corporate banks’ net profits jump 9-fold; assets grow 34%
The Qatar Financial Centre (QFC)-based corporate banks’ net profits saw nine-fold year-on-year jump and total assets grew 34%; and their…
Total assets of 18 listed national banks rise to AED3 trillion by end of June
Total assets of the 18 listed national banks rose to around AED3 trillion in H1-2020, up 8.2 percent, compared to…
Qatar- QSE declines on selling pressure from banking segment
The Qatar Stock Exchange on Thursday declined 47 points and its barometer reached less than 9,800 levels, mainly on higher…
'It’s been a challenging year': Dubai loosens alcohol laws to ease economic slump worsened by coronavirus
Dubai again has loosened laws governing alcohol sales and possession of liquor as the sheikhdom tries to claw its way…