Tuesday 27 February 2024

Six MoUs signed at the Saudi Capital Market Forum 2024

Six MoUs were signed across key areas, boosting collaboration and advancing the Saudi capital market’s infrastructure as the Saudi Capital Market Forum 2024 wound to a close, in which over 640 investors participated.   Saudi Tadawul Group, which organised


Al Baraka Group net income surges to $283m in 2023

Al Baraka Group, a leading international Islamic financial group in Bahrain, has announced that it had achieved a year of prosperity and financial stability in both income and profitability with its net income for 2023 surging 18% to $283 million.   An


Added and Hub71 partner to drive innovation in Abu Dhabi

The Abu Dhabi Department of Economic Development (Added) and Hub71, the Abu Dhabi’s global tech ecosystem, have joined forces to enhance the Emirate’s innovation ecosystem by further developing the regulatory environment.   This strategic alliance wi


Bareeq Al Retaj starts handover of Wadi Al Riffa Phase Two units

Bareeq Al Retaj Real Estate Company, a leading real estate developer in Bahrain, has announced that it has begun handing over all the 97 residential villas within the second phase of the 'Wadi Al Riffa' residential project in the Riffa region of kingdom.   


Bahrain EDB draws record $1.7bn investments in 2023

Bahrain Economic Development Board (Bahrain EDB) has announced that it has achieved a remarkable milestone, supported by Team Bahrain, netting a record level of investments upwards of $1.7 billion in 2023.   This marks a massive influx equivalent to a year-on-ye


Riyad Capital and E Fund sign MoU for knowledge sharing

Riyad Capital, the investment arm of Riyad Bank, and E Fund, a Chinese asset management firm, have signed a Memorandum of Understanding (MoU) that aims to foster knowledge sharing on local investment expertise.   The MoU will serve as the foundation for all futu


Binghatti Holding set to launch debut US dollar sukuk

Binghatti, a leading Emirati property development company headquartered in Dubai, is preparing to launch its inaugural US dollar sukuk in the coming days, subject to market condition. This will highlight the company's strategic move towards diversifying its funding base. &nbs


Lunate picks BNY Mellon as fund administrator

Lunate Capital, the Abu Dhabi-based, partner-led, independent global alternative investment manager, has appointed BNY Mellon as administrator, transfer agent and global custodian for all its funds.    “BNY Mellon through its global experience and com


Saudi Arabia’s GDP hits $1.07trn in nominal terms: Minister

Saudi Arabia’s GDP has risen from SR2.6 trillion ($690 billion) in nominal terms to over SR4 trillion ($1.07 trillion), and its standing among G20 countries has leapfrogged to number 16, said Khalid Al-Falih, Saudi Minister of Investment.  


Investcorp invests big in JFK Airport Terminal 6 project sponsor

Investcorp, the global alternative investment firm based in Bahrain, is investing in the sponsor of the John F. Kennedy International Airport's (JFK) new Terminal 6 Project.   The investment in Corsair’s infrastructure business, now called Investcorp C

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