Abu Dhabi's Aldar sees steady revenues, but profits dip in Q1-2020
Abu Dhabi’s Aldar Properties recorded Dh1.76 billion in revenues for the first three months, and unchanged from last year. But…
Hedge Funds & Alternative Investments
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Al Ahlia Insurance makes insurance purchase simple, easy and safe
Al Ahlia, one of Oman’s leading insurers, is helping customers buy and renew their motor insurance form the safety of…
Dubai's small businesses prep for tough Q2-20, with many expecting steep sales decline
A majority of UAE businesses – 56 per cent - are bracing for a drop in revenues by more than…
A 70% chance for global growth in 2021, says Abu Dhabi's Mubadala
The global economy is likely to recover from this year's virus-driven recession with 5 per cent growth in 2021, according…
SALAMA announces AED 13.65 million profit for Q1 2020
Islamic Arab Insurance Company (“SALAMA”) has announced its reviewed financial results for the quarter ending March 31, 2020, reporting a…
BlackRock sees Saudi Arabia as ‘attractive investment’ amid coronavirus fears
A senior official of BlackRock, a global investment management corporation, says that Saudi Arabia represents an attractive, resilient investment at…
Fiscal nightmare ties up Kuwait's stimulus with 40% deficit
Crisis economics gets complicated when the budget deficit could be equivalent to two-fifths of a nation’s entire output. It’s…
Etisalat CEO Al Abdooli resigns, Dowidar appointed acting chief
Etisalat Group announced on Wednesday the resignation of Saleh Al Abdooli as the group's Chief Executive Officer. In a…
EBRD and EU support small business Blessing in Lebanon
During coronavirus and Ramadan the company helps families in need With business advice from the EBRD and support from…
ICD net profit jumps 16.9% to $6.81bn in 2019
Investment Corporation of Dubai (ICD) today announced its consolidated financial results for the year ended December 31, 2019 having achieved…
Oil prices expected to recover on rising demand, hopes of pandemic fading away
Oil is gradually starting to rise as coronavirus-afflicted economies ease their closures and travel restrictions this month, with production subdued…
Abu Dhabi issues more bonds in the international market to raise cash
Abu Dhabi raised more money from international debt markets just weeks after a $7 billion bond sale as it takes…