Dubai DFM's net profit falls by 4%; $54mln cash dividend proposed
The Dubai Financial Market Company saw its net profits dip last year on the back of low trading values. …
Hedge Funds & Alternative Investments
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OAB Signs Agreement with Majan Lounge
Oman Arab Bank recently signed an agreement with Majan Lounge at the Muscat International Airport. The agreement will see…
More job cuts at UAE firms amid slow business environment: IHS Markit
Job opportunities in the UAE dwindled significantly in the beginning of the year, as companies shed jobs and business conditions…
Dubai Crown Prince approves decision to waive Dubai government services fees
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approved…
ADNOC Logistics testing biofuel to reduce fuel consumption
ADNOC Logistics & Services will test biofuel as a bunkering fuel for ships, in an effort to comply with the…
Dubai Investments posts $179mln profit in 2019
Dubai Investments has said that its annual net profit increased to Dh657.55 million ($179 million) last year compared to Dh651.43…
UAE businesses optimistic about resilient economy
The global economy is certainly bearing the headwinds with China's coronavirus outbreak, India is facing a slowdown, Brexit is here…
Developing a first-of-its-kind mangrove park for UAE
Recently opened by Modon Properties, the Jubail Mangrove Park, attracted thousands of visitors on its opening weekend. GHD provided…
Mubadala said to be in talks to buy Jadwa's UAE healthcare assets
Mubadala Investment Co is in talks to buy Jadwa Investment Co’s healthcare assets in the United Arab Emirates, according to…
Egypt to sell stake of Bank of Cairo
Banque du Caire could have a stake on the Egyptian Stock Exchange still in the first quarter of 2020, Al…
UAE allocates $2bn for investment projects in Mauritania
The UAE announced, Sunday, that it has allocated $2 billion to Mauritania for the implementation of investment and development projects,…
Fintech company Beehive causing a buzz in the SME world
Launched in November 2014, Beehive is a financial technology company that created the Middle East and North Africa region’s first…