Financial

Dubai, Financial
Dubai Financial Market Sees Surge in IPO Listings

Dubai Financial Market Sees Surge in IPO Listings Dubai Financial Market (DFM) has recently witnessed a remarkable surge in Initial Public Offerings…

Dubai Financial Market Sees Surge in IPO Listings
Banking & Insurance, Business, Egypt, Financial
EFG Holding’s Income Jumps 66% to a Record $481.7 Million in 2024 Thanks to Strong Business Growth

EFG Holding’s Income Jumps 66% to a Record $481.7 Million in 2024 Thanks to Strong Business Growth Egypt-based EFG Holding announced that…

EFG Holding’s Income Jumps 66% to a Record $481.7 Million in 2024 Thanks to Strong Business Growth
Financial, Investment, UAE
UAE’s NymCard Raises $33 Million in Series B Funding to Grow Its Embedded Finance Services

UAE’s NymCard Raises $33 Million in Series B Funding to Grow Its Embedded Finance Services NymCard, a finance technology company based in…

UAE’s NymCard Raises $33 Million in Series B Funding to Grow Its Embedded Finance Services
Business, Economy, Financial, Kuwait, News
Kuwait is getting closer to passing a law that will allow it to borrow money from global markets

Kuwait is getting closer to passing a law that will allow it to borrow money from global markets Kuwait's Finance Minister, Noora…

Kuwait is getting closer to passing a law that will allow it to borrow money from global markets
Banking & Insurance, Dubai, Financial, News
Dubai Islamic Bank’s profit grows 10% to $3.5 billion in 2024

Dubai Islamic Bank's profit grows 10% to $3.5 billion in 2024 Dubai Islamic Bank (DIB) reported a 10% increase in its net…

Dubai Islamic Bank’s profit grows 10% to $3.5 billion in 2024
Abu Dhabi, Financial, News, Real Estate
ADQ-backed Modon Holding’s revenue jumps 637% in 2024, reaching $1.7 billion

ADQ-backed Modon Holding's revenue jumps 637% in 2024, reaching $1.7 billion Abu Dhabi-based Modon Holding earned $1.7 billion (AED 6.5 billion) in…

ADQ-backed Modon Holding’s revenue jumps 637% in 2024, reaching $1.7 billion
Financial, News, Real Estate, UAE
UAE-based Deyaar Development’s net profit grew by 7.5% in 2024, reaching $129 million

UAE-based Deyaar Development's net profit grew by 7.5% in 2024, reaching $129 million Dubai real estate company Deyaar Development made a $129…

UAE-based Deyaar Development’s net profit grew by 7.5% in 2024, reaching $129 million
Abu Dhabi, Dubai, Financial, Real Estate, UAE
Aldar Properties’ yearly profit rises 47% to $1.8 billion due to higher sales revenue

Aldar Properties' yearly profit rises 47% to $1.8 billion due to higher sales revenue Aldar Properties said on Monday that its net…

Aldar Properties’ yearly profit rises 47% to $1.8 billion due to higher sales revenue
Egypt, Financial, Investment, Real Estate
Egyptian real estate company SODIC reports an 84% increase in yearly net profit, reaching $50.3 million after tax

Egyptian real estate company SODIC reports an 84% increase in yearly net profit, reaching $50.3 million after tax Egypt's Sixth of October…

Egyptian real estate company SODIC reports an 84% increase in yearly net profit, reaching $50.3 million after tax
Egypt, Energy, Financial, Oman, UAE
Dana Gas reports a 5.6% drop in net profit to $151 million for 2024 due to a one-time impairment charge

Dana Gas reports a 5.6% drop in net profit to $151 million for 2024 due to a one-time impairment charge UAE-based energy…

Dana Gas reports a 5.6% drop in net profit to $151 million for 2024 due to a one-time impairment charge
Banking & Insurance, Financial, Oman
Oman has released treasury bills worth $72.2 million, offering returns of up to 4.3%

Oman has released treasury bills worth $72.2 million, offering returns of up to 4.3% Oman's Ministry of Finance recently sold Treasury bills…

Oman has released treasury bills worth $72.2 million, offering returns of up to 4.3%
Banking & Insurance, Financial, Saudi Arabia
Saudi Arabia borrows $12 billion by selling bonds in three parts

Saudi Arabia borrows $12 billion by selling bonds in three parts The National Debt Management Center (NDMC) announced on Tuesday that it…

Saudi Arabia borrows $12 billion by selling bonds in three parts
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MOST READ

For June, 2024

  1. Egypt’s Non-Oil Private Sector Declines Again in August
  2. Binghatti Holding’s $500M Sukuk Debuts on Nasdaq Dubai, Raising Total Listings to $1B
  3. Qatar Investment Authority Backs Anthropic in $13B Funding, Startup Valued at $183B
  4. Saudi Retailer Jamjoom Fashion Sets IPO Price Range, Aims to Raise $92M
  5. Sheikh Mohammed Bin Rashid Announces UAE Cabinet Changes, Names Ahmed Al Sayegh as New Health Minister
  6. How Gulf States Turn Heritage Into a Business Strategy
  7. Egypt Signs $340M Oil and Gas Deals, Plus Solar Energy Project
  8. Iraq, Kuwait Move Forward in Talks on Shared Oil Fields
  9. Abu Dhabi Fund to Invest $1.5 Billion in GLP’s Digital Growth