Kamco records 18.57% profit increase in 2019; dividends proposed
Kamco Invest achieved a net profit of KWD 3.03 million in the fiscal year 2019, compared to KWD 2.5 million…
Hedge Funds & Alternative Investments
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Emaar suspends entertainment at all its attractions across Dubai
Emaar Entertainment which operates major tourist attractions across Dubai, has announced the temporary closure of all of them until the…
Abu Dhabi details measures to shore up economy amid global coronavirus impact
Abu Dhabi detailed a plan to stimulate economic growth through strategic investments and 16 initiatives to support the private sector,…
Gulf Bond and Sukuk Association announces key appointments
The Gulf Bond and Sukuk Association has announced that it has made appointments to key officer positions for 2020. …
Oil giant Saudi Aramco sees 2019 profits drop 20% to $88.2B
Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as…
UAE, Saudis reveal $40.6 bil stimulus to support economies hit by coronavirus, oil crash
The UAE and Saudi Arabia revealed $40.6 billion of stimulus packages aimed at supporting their economies hit hard by the…
Coronavirus, oil price collapse to hurt GCC banks’ profitability
A prolonged period of oil price volatility and the impact of coronavirus (Covid-19) on the regional economies will impact the…
UAE Central bank’s Dh100b support to lift liquidity and lending of banks
The UAE Central Bank’s decision to support the UAE banking system through an extraordinary Dh100 billion stimulus package is expected…
Mideast Joins Global Stimulus With $47 Billion to Fight Crisis
Three of the biggest Arab economies pledged almost $47 billion in stimulus to limit the economic damage of the coronavirus…
Coronavirus breakthrough: Australian researchers find ‘cure’
In a major breakthrough towards finding a solution to the coronavirus pandemic that shook the world and crippled the global…
Coronavirus: Remote working for financial services
World leaders have said to prepare for a substantial period of disruption while they deal with the global outbreak of…
Alpha1Estates: Makkah-Madinah Real Estate Index underperforms in 2019 as REITs gain
Whilst the Saudi market's major Tadawul All Share Index was up 7.2% in 2019, it was outperformed by the Jadwa…