HD Bank witnesses $1.85mln block-trading on EGX
Housing and Development Bank (HD Bank) has seen a block-trading transaction valued at EGP 90.681 million on the Egyptian Exchange…
Hedge Funds & Alternative Investments
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Saudi Aramco chief leads Forbes ME’s Top 100 CEOs for fourth consecutive year
Saudi energy giant Aramco’s president and CEO, Amin Nasser, has once again topped the Forbes Middle East ranking of the…
Net profits of MSX-listed banks in Oman jump to $665mln in 2024 first half
The net profits of the banks listed on the Muscat Stock Exchange have increased their profits, benefiting from economic activity,…
Gulf Insurance Group announces net profit of KD 16.8mln (US$ 54.7mln) for the first half of 2024
Gulf Insurance Group announced a net profit of KD 16.8 million (US$ 54.7 million), with earnings per share of 59.03…
Federal Tax Authority collaborates with Mohammed bin Rashid Housing Establishment to further promote tax culture
The Federal Tax Authority (FTA) has signed a Memorandum of Understanding (MoU) with the Mohammed bin Rashid Housing Establishment to…
Qatar banking sector total assets rose by 1.2% MoM in June 2024 to reach $549bln
Qatar Banking Sector Total Assets rose by 1.2% MoM (1.5% in 2024) in June 2024 to reach QR1.999 trillion. …
Union Coop reports financial performance for H1 2024
Union Coop has announced its financial results for the first half of 2024, demonstrating a 5% increase in semi-annual revenues…
Tabreed’s financial results for H1 2024 show company reaping the rewards of investment
Company strengthens financial position through prudent capital allocation, including repurchasing of Sukuk and increasing cash dividends Appointment of Dr. Bakheet…
MBC Group reports 1H 2024 results
The Group delivered a near fivefold increase in net income to SAR 237.8 million in 1H 2024 driven by a…
RAK Properties delivers strong financial results in H1 2024
H1 2024 revenue increased by 19% to AED 610 million Gross profit increased by 40% to AED 228 million Profit…
The road ahead for banks in the GCC region: 7 priorities
GCC banks are currently in strong shape, and have over outperformed their global counterparts over the past several years. Yet…
Azizi Developments signs with dsgn for Burj Azizi
Azizi Developments has signed an agreement with dsgn for the design consultancy of Azizi’s second tallest tower in the world,…