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BNET acquires Amwaj Islands’ ICT infrastructure assetsBahrain Network (BNET), the national company responsible for providing fibre-based broadband network in Bahrain, has announced its complete acquisition of Amwaj Islands’ fixed-fibre infrastructure network assets. More… |
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Arab Bank 9M net profit up 19pc to $748.6mArab Bank Group has posted net income after tax of $748.6 million in the first nine months (9M) of this year compared to $630.3 million for the same period last year, an increase of 19%. The group’s asset More… |
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Mubadala’s Kelix bio acquires 4 GlobalOne Healthcare assetsAfter the acquisition of Kelix bio, Mubadala Investment Company, an Abu Dhabi sovereign investor, has advised its new specialty pharma business to acquire 100% stake in four of GlobalOne Healthcare Holding’s (GHH) pharma assets. More… |
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Industry experts discuss hotelisation of traditional assetsOccupants of commercial and residential buildings are no longer seen as tenants, but more as valued guests. With a growing focus on hotel-like services in real estate, investors, owners and operators are moving from single-use developments to More… |
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Saudi PIF’s assets under management hit $925bn in JulySaudi sovereign wealth fund PIF (Public Investment Fund) has reported a 29% increase in its assets under management (AuM) in its annual report for 2023, thus showcasing robust financial performance and a commitment to transparency and good gov More… |
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Saudi PIF’s assets under management hit $925bn in JulySaudi sovereign wealth fund PIF (Public Investment Fund) has reported a 29% increase in its assets under management (AuM) in its annual report for 2023, thus showcasing robust financial performance and a commitment to transparency and good gov More… |
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Saudi Central Bank reserve assets surge to SAR1.7 trillion in Q2The reserve assets of the Saudi Central Bank (Sama) achieved an annual growth rate of 5.5%, with an increase of around SAR92 billion ($24.4 billion), bringing the total to SAR1.754 trillion ($465 billion) by the end of the second quarter of 20 More… |
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Al Baraka net income hits $79m; total assets soar to $25.4bnBahrain-based Al Baraka Group has announced that it has achieved $40 million of net income attributable to shareholders for Q2 2024, compared to $47 million in the second quarter of 2023, reflecting a 16% reduction. More… |
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UAE banks' gross assets jump 10.8% in MayUAE banks’ gross assets, including bankers’ acceptances, rose by over 10.8 percent year-on-year (YoY), equivalent to AED418.1 billion, reaching AED4.287 trillion, compared to AED3.869 trillion in May 2023, according to the May figu More… |
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Arab Bank Group's H1 profit surges 25pc to $503mArab Bank Group has delivered a solid performance for the first half of 2024, with 25% increase in its net income after tax reaching $503 million when compared to $401 million last year. The group also maintained its strong capital base with a More… |
