Top 5 VC deals in the fourth quarter of 2019
The fourth quarter 2019 top five venture capital deals that were disclosed amounted to $78.7 million, with UAE-based Trukker accounting…
Financial Results
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UAE investors sees big yearly dividend payout
Regional investors who were unsure if they should put their hard-earned money in stocks and sought shelter in high dividend-paying…
Saudi mortgage loans soar in 2019, with $18bn offered in year up until November
Over 155,000 mortgage loans worth SR69 billion ($18bn) have been offered throughout 2019 up until November. Figures released by…
Dubai sees Dh2B operating surplus in 2020
Dubai on Sunday said it can achieve an operating surplus of almost Dh2 billion due to its prudent fiscal polices…
Bahrain's GFH gets 'B' long-term S&P rating on earnings and cash flow strength
GFH Financial Group, a Manama and Dubai-listed financial institution, received a 'B' long-term issuer credit rating from S&P Global Ratings…
KPMG records double digit growth in MESA
The aggregated revenue of KPMG member firms in the Middle East & South Asia (MESA) region grew by 11.6% in…
UAE banks' total investments reach $108bln in November
The UAE Central Bank revealed on Sunday that total banking investments reached AED396.2 billion in November. According to banking…
UAE banks' investments top $107bn in November
The UAE Central Bank said that total banking investments reached Dh396.2 billion ($107.8 billion) in November. Debt securities saw…
KFHOnline total transactions exceed 10 million in one year
The total transactions completed by Kuwait Finance House’s customers through KFHonline on the website or the mobile app exceeded 100…
17 REITs on Saudi stock exchange now worth $3.7bn
The number of real estate investment trusts listed on the Saudi stock exchange has risen to 17, with a total…
Gulf banks’ assets jump 3.1% to $2.3trln in third quarter
GCC banks continued to strengthen their aggregate balance sheets during Q3-2019 as listed banks in all six GCC countries reported…
Dubai wealth fund ICD posts $2.9bn profit, up 4.4%
Dubai's sovereign wealth fund on Thurday announced half-year revenues of AED106.3 billion ($28.9 billion) and a net profit of AED10.5…