Lootah Real Estate Development reveals top 7 drivers of UAE real estate’s recovery in 2021

Lootah Real Estate Development reveals top 7 drivers of UAE

The UAE is projected to see a V-shaped recovery from the impact of COVID-19, gauging from the notable pick up in trade and tourism sectors and the renewed positive sentiments brought about by historic immigration rules and peace deals spearheaded by the country LRED’s Industry Insights Report underlined UAE’s series of historical immigration rules, game-changing regulatory amendments, Expo 2020 developments and higher appetite from Dubai renters to become homeowners will significantly fuel the recovery and growth of the country’s property market The leading global position of the UAE in key…

OPEC Fund Supports Post-COVID-19 African Infrastructure With $50m Loan to Africa Finance Corporation

OPEC Fund Supports Post-COVID-19 African Infrastructure With m Loan to Africa Finance Corporation

VIENNA–(BUSINESS WIRE/AETOSWire)– The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan agreement to help finance and build infrastructure needed for Africa’s post-COVID recovery. This represents the first direct financing co-operation between the two institutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210127005070/en/ The proceeds of the 10-year loan to AFC will help address the continent’s well-known infrastructure financing gap. The loan will also support increased financial flows to Africa and contribute to COVID-19 recovery efforts in…

Citco Opens Abu Dhabi Headquarters at ADGM following 400% Increase in MENA Assets

Citco Opens Abu Dhabi Headquarters at ADGM following 400% Increase in MENA Assets

NEW YORK–(BUSINESS WIRE/AETOSWire) – The Citco group of companies (Citco) has opened offices this month in Abu Dhabi Global Market (ADGM), the award-winning international finance center in the United Arab Emirates, after increasing its assets under administration (AUA) in the region last year by 400% to approximately $125 billion. Citco’s decision to establish a base in ADGM follows a marked rise in calls for asset servicing, administration, banking and governance services from sovereign wealth funds and managers in the Middle East and North Africa (MENA) region last year. Citco will…

GCC businesses need to pursue Keyman Insurance to ensure profit stability and sustainability of business

تحتاج الشركات الخليجية إلى متابعة التأمين على المسؤول الرئيس في الشركة

Keyman Insurance could play a vital role in ensuring business continuity and profit sustainability in the Gulf region, especially during challenging environment, especially like the current COVID-19 crisis Businesses in the Gulf countries need to pursue Keyman Insurance to retain key professionals who make a difference in running businesses efficiently and deliver profits year after year, according to a top industry official, who urges Keyman Insurance to become a mandatory requirement for securing bank loans. Keymen or key professionals play a crucial role in running the business and deliver profits…

KPMG: Saudi banks stay resilient amid pandemic, backed by new regulations

«كي بي إم جي» : إثر تبني مبادئ الحوكمة البيئية والاجتماعية وحوكمة الشركات

News Highlights: Banks report strong capital and liquidity base COVID-19 increased housing demand; house mortgage witnessed double-digit growth Retail property buyers welcome lower tax rate from 15% back to 5% Institutionalization of the real estate transaction tax (RETT) Multiple efforts towards customers’ endurance In the wake of COVID-19, the process of loss quantification continues to be a challenge for banks KPMG foresees Q4 2020 as continued tenacity and resilience of the sector Dubai, December 15, 2020:  KPMG Q3 2020 Saudi banking sector analysis report records the sector experiencing a range of…

ADCB Partners with Bayut to offer UAE’s first digital Home Ecosystem platform for a smarter, faster, digitally enhanced home buying experience

مسودة تلقائية

Abu Dhabi, 6 December 2020 : Abu Dhabi Commercial Bank (ADCB) has partnered with the region’s leading property portal Bayut to launch the ADCB Dream Home Platform that helps prospective buyers on Bayut, get access to ADCB’s instant pre-approvals and other user-friendly tools for a seamless home buying experience on a unified digital platform. The exclusive platform has been designed to provide consumers flexibility, speed and simplicity without sacrificing on the security or accuracy of the pre-approval process for home loans. The partnership has been designed to leverage Bayut’s vast…

Sharjah Girl Guides’ November workshops focused on developing members into balanced citizens

مرشدات فتيات الشارقة تطوّر المهارات الحياتية والإبداعية لمنتسباتها

7 – 18-year-olds gained creative as well as practical experience via SGG’s virtual sessions   Sharjah Girl Guides (SGG) members learnt practical crafts like soap-making, floral arrangement and arm knitting; gained financial skills; acquired knowledge about the facilities offered at Louvre Abu Dhabi; the secret to staying healthy and fit; and the Zayed attributes initiative which will be published on the social media of SGG, via a series of workshops organised by the SGG in November. In a virtual workshop titled ‘Art of Soapmaking’ held on November 7, Guides (11…

Access to funding boost for Bahrain SMEs

Access to funding boost for Bahrain SMEs

Bahrain is first mainland jurisdiction in the GCC to introduce convertible notes Changes will allow Bahrain-based SMEs and startups to fundraise via convertible notes and Employee Shares Schemes Lenders can be repaid in equity rather than cash after the maturity date of a loan Amendment also increases protection for minority shareholders and allows for the setup of non-profit companies Startups and scale-ups in Bahrain are set to benefit from a funding boost following the launch of two new schemes that make it easier to raise capital. A new amendment to…

Arzan Wealth Advises On New US Mezzanine Lending Transaction

Arzan Wealth Advises On New US Mezzanine Lending Transaction

Dubai, United Arab Emirates, (AETOSWire) – Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised on a mezzanine lending opportunity in the United States, as part of its strategy focusing on investments into debt structures.  This investment utilizes the innovative Real Estate Index Linked Securities (“REILS”) instrument, which is an amortizing mezzanine loan, and has been structured in a Sharia-compliant manner. This deal, which is our third REILS transaction, finances the acquisition of a portfolio…

Robert Kiyosaki says financial education should be compulsory in schools, at SIBF 2020

Robert Kiyosaki says financial education should be compulsory

Bestselling writer revealed why his Rich Dad Poor Dad is still a global bestseller after 25 years at Sharjah International Book Fair 2020 online session Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, says he wouldn’t change a thing if he were to write it again, 25 years later. “The reason why people keep going back to the book and find it relevant still is because our schools teach us nothing about money management, which I feel should be included in the syllabus,” remarked, justifying his statement to…