Dubai Investments unit signs $299m loan deal
(Trade Arabia - 31/07/2017)
Dubai Investments Real Estate Company (DIRC) has signed a Dh1.1 billion ($299.47 million) financing deal with First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) for its Mirdif Hills development in Dubai, UAE. DIRC is the real estate
DFM second quarter net profit at Dh43.3 million
(Gulfnews - 25/07/2017)
Dubai Financial Market said on Monday its net profit for the three months to June fell 19 per cent along with revenues. The only listed bourse in the Middle East said the net profit fell to Dh43.3 million in the June quarter compared to Dh53.5 million in
Amlak Finance launches fully-owned property development in Mirdiff
(Press Release - 24/07/2017)
Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, has announced the completion of the first phase of its new residential development project in Mirdiff. This marks the first time which Amlak has developed a fullyowned
Ithmaar Bank receives payment security certificate
(Saudi Gazette - 24/07/2017)
ITHMAAR Bank, a Bahrain-based Islamic retail bank, earned a prestigious, internationally-celebrated payment security certification that puts the Bank on par with some of the best in the world. The Payment Card Industry Data Security Standard (PCI-DSS)
Investcorp sells Esmalglass for ?605 million
(Saudi Gazette - 16/07/2017)
Investcorp, a leading provider and manager of alternative investment products, has agreed the sale of Esmalglass to global private equity firm Lone Star Fund X for an enterprise value of ?605 million. Established in 1978 in Villareal, Spain, Esmalglass
FALCOM announces rebalancing of components of Petrochemical ETF
(Tadawul - 10/07/2017)
FALCOM ANNOUNCE THE REBALANCING PROCESS ON THE COMPONENTS OF THE FALCOM PETROCHEMICAL ETF BASKET Reference to The Saudi Stock Exchange (Tadawul) announcing the free float shares of the listed companies as of 15/10/1438 AH corresponding to 09/07/2017 AC.
Ithmaar Bank staff attend anti-money laundering course
(Trade Arabia - 10/07/2017)
Ithmaar Bank, a Bahrain-based Islamic retail bank, recently organised a specialised training programme for employees involved in trade finance activities. The focused programme was arranged by the Ithmaar Bank Compliance and Anti-Money Laundering and the
Amlak Finance appoints new CFO
(Gulfnews - 06/07/2017)
Amlak Finance, the Dubai-listed company, announced on Wednesday it has promoted Muhammad Azam Razzak to the position of chief financial officer. In a statement to the Dubai bourse, the company did not provide more details on the appointment. According to
Investcorp makes first realty buy in Europe
(Saudi Gazette - 05/07/2017)
Investcorp, a leading provider and manager of alternative investment products, announced Tuesday it has completed its first two real estate investments in Europe. Investcorp has acquired two modern warehouse units in Doncaster, one of the most important
GFH shares jump 14% as company acquires treasury shares
(Gulfnews - 03/07/2017)
The UAE's main equity indices moved less than 1 per cent on Sunday as trade concentrated on smaller cap stocks including GFH Financial Group and Eshraq Properties, which each climbed more than 10 per cent. GFH share prices nearly approached the market
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