Hedge Funds & Alternative Investments

Financial Results

Al Salam Bank Reports a Net Profit Attributable to Shareholders of BD 7.1 Million in the First Half of 2020

August 13, 2020

Al Salam Bank-Bahrain (“ASBB”) (Bahrain Bourse Trading Code: “SALAM”; Dubai Financial Market Trading Code: “SALAM_BAH”) reported a net profit attributable…

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Executive Moves

CDC reinforces Egyptian ties with new appointment

August 13, 2020

The hire of an experienced development finance professional is intended to improve the UK development finance institution's relationships in Egypt,…

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Financial Results

Al Baraka Banking Group first-half profit falls as pandemic provisions soar 345%

August 13, 2020

Islamic bank Al Baraka posted $47.09 million in half-yearly profit attributable to equity holders, a fall of 16% compared to…

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Hedge Funds & Alternative Investments

State Street expands Middle East presence with office in Saudi Arabia

August 13, 2020

State Street Corporation announced today the opening of its first Saudi Arabia office, State Street Saudi Arabia Financial Solutions Company…

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Comment & Analysis

Emaar Malls posts $94mln H1 net profit

August 12, 2020

Emaar Malls, the Dubai-based developer of shopping malls and retail assets, announced on Tuesday a first-half net profit of Dh345…

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Comment & Analysis

Turkey eyes more exits by year-end, investments to grow for startups

August 12, 2020

Foreign investors have turned to Turkey to benefit from increased monetary expansions caused by the coronavirus outbreak and the recent…

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Comment & Analysis

Turkey turns to BCG to help boost US economic trade

August 12, 2020

The Government of Turkey has been working with Boston Consulting Group to realise a major bilateral trade deal with the…

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Comment & Analysis

Kuwait May Deport 360,000 As Gulf’s Expat Exodus Continues

August 12, 2020

Kuwait is preparing to force as many as 360,000 foreign workers to leave the country, according to local press reports,…

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Financial Results

Bahrain's ARIG slips into loss of $3.62m for first-half 2020

August 12, 2020

Bahrain based Arab Insurance Group  slipped into the red, with losses of $3.62 million for the first six months of…

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Comment & Analysis

Kuwait's parliament reviews proposals to cut expat numbers

August 11, 2020

Kuwait's National Assembly met yesterday to consider proposals to drastically reduce the numbers of foreign workers living in the oil-rich…

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FinTech

Dubai Gold & Commodities Exchange to run on Nasdaq trading technology

August 11, 2020

The Dubai Gold & Commodities Exchange  has selected Nasdaq solutions for its new trading platform.   The marketplace products, delivered…

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Awards and Recognition

Saudia Private Aviation Named Saudi's Best Luxury Private Jet Service

August 11, 2020

Saudia Private Aviation  a leader in the region’s air transportation sector, has been named this year’s winner of Luxury Lifestyle…

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