 |
100 days to expanded Abu Dhabi Finance WeekThe third edition of Abu Dhabi Finance Week (ADFW), the flagship financial event of the MEASA region hosted by ADGM, has unveiled an expanded plan of 50 events and sub-events. In June ADFW, announced its third edition under the theme ‘Welcome to th More… |
 |
Emirates NBD introduces Millionaire AccountEmirates NBD, a leading banking group, has launched its new Emirates NBD Millionaire Account, a savings-linked account giving customers the opportunity to win big. The account focusses on promoting savings habits and rewards customers with a total prize More… |
 |
Listed firms in GCC post Q2 net of $60.7bn: Kamco InvestNet profits reported by companies listed on GCC exchanges grew 8.1% with total net profits up for the second consecutive quarter to reach $60.7 billion during Q2-2024 as compared to $56.2 billion in Q1-2024 and $57.4 billion in Q2-2023. Aggregate net witnessed More… |
 |
Saudi inflation remains steady at 1.5pc in July: Al RajhiSaudi Arabia’s inflation rate held steady 1.5% in July, according to recent data from the General Authority for Statistics (GASTAT). The consumer price index (CPI) increase was primarily driven by a 9.3% year-on-year (YoY) rise in housing, water, e More… |
 |
NMDC wins approval for IPO of Energy unitNMDC Group has received approval from the Securities and Commodities Authority and the Abu Dhabi Securities Exchange (ADX) to proceed with an Initial Public Offering (IPO) of a portion of its NMDC Energy shares. The Group, a leader in EPC and marine dredging, More… |
 |
Qatar's Estithmar Holding successfully issues a $137m sukukEstithmar Holding has announced the successful issuance of a QR500 million ($137 million) sukuk, the first corporate sukuk denominated in Qatari Riyal. This issuance is the inaugural tranche of its QR3.4 billion sukuk programme, which is listed on the Lo More… |
Infracorp H1 net jumps 28.4pc to $26.5m, income zooms 182pcInfracorp, a leading specialised company in investing in the infrastructure and sustainability sector, has seen its first-half (H1) net profit jump 28.4% to $26.5 million and total income shoot up 182% to $195 million. Infracorp has reached several milestones More… |
 |
Increased digital asset investment ‘is inevitable’Institutional investors view digital assets are an inevitable institutional opportunity, and a promising asset class that is set to grow substantially, says a research brief. There are four crucial focus areas for institutions considering entry into the More… |
 |
Salik puts financial valuation of two new gates at $740mSalik Company, Dubai’s exclusive toll gate operator, has announced the combined valuation of the two new toll gates at Business Bay and Al Safa South at a total of AED2.73 billion ($740 million). The Business Bay Gate is valued at AED2.27 billion and the Al Safa South Gate at AED469 mil More… |
 |
UAE portfolio management firms see ‘surge in AUM to $9.53bn’Portfolio management companies in UAE have seen a surge in Assets Under Management (AUM) with assets reaching AED35 billion ($9.53 billion), the Securities and Commodities Authority (SCA) reported. It said that this surge was the result of its ongoing ef More… |
