Qatari companies including banks are forecast to get a boost from a deal to end a more than three-year row between Doha and some Gulf states, which was announced by Crown Prince Mohammed bin Salman on …
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GB News seals £60m funding ahead of ‘boldly different’ launch
The latest addition to Britain’s array of 24-hour news channels is to begin recruiting more than 100 journalists after completing a £60m fundraising that it claims was significantly oversubscribed. GB …
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GB News seals £60m funding for ‘bold’ launch
The latest addition to Britain’s array of 24-hour news channels is to begin recruiting more than 100 journalists after completing a £60m fundraising that it claims was significantly oversubscribed.
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GB News reveals new investment and creation of 140 jobs
The new 24-hour news channel revealed Legatum and Sir Paul Marshall, founder of hedge fund Marshall Wace, have become its latest investors.
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UAE leads world in Islamic finance industry
The UAE has led the world in setting an international regulatory framework governing Islamic finance, according to a report by Global Finance Magazine. The report focused on the impact of the …
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Saudi, UAE Business Conditions Improve, Though Employment Falls
Business activity in the Arab world’s two largest economies improved at the end of last year, with Saudi Arabia seeing its strongest expansion in 13 months.
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MIDEAST STOCKS-Dubai leads gains as markets rise on higher oil
Major Gulf stock markets finished higher on Monday amid a surge in oil prices, with Dubai outperforming the region, led by property and banking stocks. Jan 4 (Reuters) – Major Gulf stock markets …
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Dubai stock market outperforms region amid surge in oil prices
An Emirati trader checks the stocks of Emaar Malls on the screen at the Dubai Financial Market in United Arab Emirates (AP). Major Gulf stock markets finished higher on Monday amid a surge in oil …
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Dubai Police arrest 97 criminals, prevent losses of Dh11.8 billion
The Dubai Police prevented the loss of billions of dirhams with the arrest of 97 “dangerous criminals” in 2020, the force has said. According to the Criminal Investigation Department’s statistical …
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Analysis: Forex Traders from UAE Keep Investing Large Sums
Finance Magnates examines November data. When Russian forex traders deposit most often, the greatest sum of money came from the United Arab Emirates.
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How Covid caused IPO fever on the Tel Aviv Stock Exchange
Companies now realize they can get better valuation on the stock market than in the private market,’ says TASE official after a record year for IPOs.
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Bounced cheques in UAE: Help! Criminal cases have been filed against me
The problem started when the cheques I signed on behalf of the company bounced. In 2018, I was arrested for the bounced cheque cases. I was released in October 2020, but was arrested again on November …
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Value of mortgage loans surges 79% in November: Saudi Central Bank
The total amount of mortgage loans provided by Saudi banks increased to SR15.27 billion ($4.07 billion) in November 2020, up 79 percent compared to the same month in 2019, according to the Saudi …
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JMR Infotech signs JV with UAE’s Seed Group to enhance digital transformation within the banking sector
JMR’s Genie de Banca digital platform will enable banks and financial institutions to automate and digitise their lending departments, develop new revenue channels, and present their customers with …
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2021 will be a turning point for UAE’s sedentary IPO market
The kingdom’s hot IPO market is set to continue rolling out companies primed … This brave spirit is perfectly epitomised in the launch of the Nasdaq Dubai Growth Market by His Highness Sheikh Hamdan …
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Emergency cash calls, tech IPO frenzy push 2020 banker fees to record high
Emergency corporate fundraising and a clamour for tech stock market listings pushed equity capital market volumes to over $1 trillion in 2020 and fees for investment bankers in the sector to a record …
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Alkhabeer Capital successfully concludes IPO of Alkhabeer Diversified Income Traded Fund
During the IPO period of 15 business days, the Fund has attracted more than 89,000 individuals and institutional investors, with a net subscription value of $126.08mln, as the coverage ratio exceeded …
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