Dubai Investments reports profit rise for Q3 on strong rental income
(The National - 31/10/2017)
Dubai Investments, part of sovereign wealth fund Investment Corporation of Dubai (ICD), reported a 4.8 per cent rise in net income for the third quarter of the year, thanks to a rise in rental income and investment property valuations. The conglomerate's
DFM post flat net profit for Jan-Sept period
(Gulfnews - 31/10/2017)
Dubai Financial Market said on Monday its net profit fell 1 per cent in the nine months to September to be at Dh173.3 million compared to Dh175 million in the same period last year. Total revenue reached to Dh313.3 million during the nine months period
Bahrain's GFH eyeing Saudi listing, Gulf financial firm -CEO
(Reuters - 30/10/2017)
Bahrain's GFH Financial Group is considering a listing in Saudi Arabia and is also in talks to acquire a Gulf financial services company which has a presence in the kingdom, its chief executive told Reuters on Monday. GFH is also keen to participate in
SICO named Best Investment Bank in Bahrain
(Biz Bahrain - 30/10/2017)
SICO BSC (c ), licensed by the Central Bank of Bahrain as a conventional wholesale bank, was named 'Best Investment Bank in Bahrain' at both the World Finance Banking Awards 2017 and the Global Finance 18th annual World's Best Investment Banks 2017
Shuaa to be market-maker on new futures index on Nasdaq Dubai
(Gulf News - 24/10/2017)
Shuaa Capital said on Tuesday its unit will be market makers on Nasdaq Dubai's upcoming futures index, based on Dubai Financial Market's Index, Abu Dhabi Securities Exchange's ADI Index and MSCI's UAE Emerging Market Index. "The launch of index futures
Investcorp completes first EU real estate portfolio
(Trade Arabia - 24/10/2017)
Bahrain-based Investcorp, a leading global provider and manager of alternative investment products, said it has completed its first European real estate portfolio following the acquisition of seven additional assets. The European strategy, which aims to
Dagong and IIRA maintain the Ratings of Al Baraka Banking Group
(CP Financial - 19/10/2017)
Dagong Global Credit Rating Company Limited ("Dagong") and Islamic International Rating Agency ("IIRA") have jointly maintained foreign and local currency ratings assigned to AlBaraka Banking Group ("ABG" or "the Group") on the international scale at
Oman Qatar Insurance reports strong performance
(Times of Oman - 19/10/2017)
Oman Qatar Insurance Company (OQIC), a leading insurance company that closed its initial public offering (IPO) earlier this month, has delivered strong performance in nine month period of the year 2017 despite sluggish economic environment. The company
Investcorp expands British acquisitions with Kee Safety
(The National - 19/10/2017)
Bahrain-based alternative asset manager, Investcorp, has acquired UK-based Kee Safety from Dunedin and LDC for US$370 million, the company said on Wednesday, in its third UK investment in 18 months. Investcorp will help the rooftop safety company,
DIC backs Dubai Investment Week
(Trade Arabia - 15/10/2017)
Dubai Investments (DIC), a leading diversified investment company listed on the Dubai Financial Market, has announced its support to the Dubai Investment Week 2017 as a strategic partner. The company aims to eye opportunities for growth, partnership,
NFCI Initial Rating on the Oman National Scale of BBB Assigned
(Press Release - 05/10/2017)
Capital Intelligence Ratings (CI Ratings, the international credit rating agency, today announced that it has assigned initial Corporate Ratings on the Oman National Scale of 'omBBB' Long-Term and 'omA3' Short-Term to National Finance Company S.A.O.G.
Ithmaar Bank recognizes Bahraini skills
(Saudi Gazette - 04/10/2017)
ITHMAAR Bank, a Bahrain-based Islamic retail bank, announced Tuesday the promotion of two key members of its management team and the appointment of a third. Abdulla Abdulaziz Ali Taleb was promoted to Assistant General Manager, Head of the Commercial and
GGICO inks $584m debt restructuring deal
(Trade Arabia - 01/10/2017)
Dubai-based Gulf General Investment Company (GGICO) said it has completed a Dh2.1-billion ($584 million) debt restructuring after reaching an agreement with majority of its creditors. Established in 1973, GGICO is a conglomerate listed publicly in the
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