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11 GCC IPOs raise $1.6bn, strong momentum in Saudi ArabiaThe GCC equity capital market showed strong activity in the first quarter, with 11 IPOs raising a total of $1.6 billion, up from $1.2bn across 10 listings in Q1 2024. This demonstrates continued positive investor sentiment in the region’s capital markets More… |
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Qatar fund sees US outlays doubling after $500bn pledgeQatar’s wealth fund is set to see its annual outlays into the US double in coming years on the back of a $500 billion investment pledge. “We believe in the growth and robustness of the US system,” Qatar Investment Authority Chief Executive Of More… |
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Global Islamic finance assets to top $7.5 trillion by 2028Global Islamic finance assets will reach $7.5 trillion by 2028, up from $5.5 trillion in 2024, reflecting the rapid expansion and growing relevance of Shariah-compliant finance in global markets, says Standard Chartered's new report on Islamic banking. More… |
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Dubai Residential REIT's IPO size increasedDubai Holding, through its wholly owned subsidiary DHAM REIT Management, today announced that it increased the offering size of the initial public offering (IPO) of Dubai Residential REIT. This follows approval from the UAE Securities and Commodities Aut More… |
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Dubai Residential REIT IPO size increasedDubai Holding, through its wholly owned subsidiary DHAM REIT Management, today announced that it has increased the offering size of the initial public offering (IPO) of Dubai Residential REIT. This follows approval from the UAE Securities and Commodities More… |
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Qatar records over $2.7bn in FDI in 2024Qatar attracted $2.74 billion in foreign direct investment (FDI) in 2024 through 241 projects, which created 9,348 jobs, according to the Investment Promotion Agency Qatar’s (Invest Qatar) 2024 Annual Report. These results reflect Qatar’s accelerat More… |
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Neuberger Berman, PIF collaborate for $6bn investment programmeNeuberger Berman, a global investment manager, and the Public Investment Fund (PIF) have signed a non-binding memorandum of understanding (MoU) to accelerate the growth of Saudi Arabia and Middle Eastern capital markets by working together to support up to $6 billion in investments in Saudi A More… |
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Sobha Realty $500m sukuk oversubscribed by 3 timesSobha Realty, a leading global luxury real estate developer, on Tuesday announced the successful issuance of $500 million sukuk under its recently established $1.5 billion Sukuk Issuance Program. This latest sukuk will be listed on the London Stock Excha More… |
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Al Salam Bank net profit increases 32.7% in Q1Al Salam Bank has announced a record net profit attributable to shareholders of $49.3 million for the first quarter of 2025 (Q1 2025), marking a 32.7% increase from $37.2 million reported in Q1 2024. The growth in profitability was primarily driven by the strong performance More… |
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NBB reports highest quarterly profit of $74.5mNational Bank of Bahrain (NBB) has reported a 2% year-on-year increase in net profit attributable to shareholders reaching BD28.1 million ($74.5 million) for the first quarter ended 31 March 2025, compared to BD27.5 million ($72.9 million) in the same period of 2024. More… |
