Sidra Capital’s USD Private Finance Funds Continue To Achieve Target Returns despite The Effects of COVID-19 Pandemic

Sidra Capital’s USD Private Finance Funds Continue To Achieve Target Returns despite The Effects of COVID-19 Pandemic

USD Income Fund generates an annual return of 8% while USD Mutajara Fund registers healthy 5% returns Jeddah, Saudi Arabia, March 24, 2021, (AETOSWire) – Sidra Capital, a Shari’ah compliant asset management firm headquartered in Jeddah, Saudi Arabia and regulated by the Capital Market Authority (CMA), has announced healthy annual returns on two of its US Dollar-denominated funds: the USD Income Fund, which generated above-target returns of 8%, and the US Dollar Mutajara Fund, which met its targeted return of 5% for 2020. The returns are especially impressive in light…

Aafaq Islamic Finance launches exclusive offers for "Sahobat" product customers

Aafaq Islamic Finance launches exclusive offers

Announces the winners of the first monthly draw for 2021 for the Sharia-compliant “Sahobat” product. Aafaq Islamic Finance, the leading Islamic Finance Company, offering financial products and services in compliant with Sharia law throughout the UAE and the region, has announced the names of the companies to win the first monthly draw of the year under the ‘Sahobat’ campaign that was held in February. Sahobat is a product by Aafaq Islamic Finance that provides its retail customers with an opportunity to save through investments that comply with the Sharia law…

Tesla or Bitcoin? Two ground-breaking assets of the “covid-era”

Tesla or Bitcoin? Two ground-breaking assets of the “covid-era”

Dubai, United Arab Emirates, (AETOSWire): Tesla and Bitcoin prices have had a strong rally, making it one of the best-performing assets in 2020. Tesla joined the prestigious Standard & Poor’s 500 stock index on December 21 after posting five consecutive quarters of profit. $TSLA surpassed Facebook regarding market value, becoming the fifth most valuable company in the S&P 500. The recent Bitcoin rally boosted after the US-based online payments company PayPal allowed its customers to use virtual currency on its network. During the last week, Bitcoin dropped more than 10%…

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…

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…

Emirates Integrated Telecommunications Company PJSC announces

شركة الإمارات للاتصالات المتكاملة تسجّل نمواً بنسبة 41.6٪

41.6% quarter-over-quarter growth in its Adjusted Q3 Net Income and 116.2% year-over-year growth in its Q3 2020 Net Income Dubai, UAE, 21st October 2020 – Emirates Integrated Telecommunications Company PJSC (“EITC”) published today its financial results for the third quarter of 2020. It reported (a) a strong 41.6% quarter-over-quarter growth in its quarterly Adjusted Net Income[1] and 116.2% year-over-year growth in its quarterly Net Income as a result of the improvement of its operational performance and the capital gains derived from the sale of its stake in Khazna, (b) a…

Abu Dhabi residential sales gained pace in Q3; prices showed moderate declines, says Chestertons

ارتفاع مبيعات العقارات السكنية في أبوظبي

Average apartment and villa sales prices declined marginally by 0.6% and 0.2%, respectively q-on-q; Tapered rate of decline in the rental market with average rates down by 1% for apartments and 0.5% for villas, in Q3 Transaction volumes increased over Q3, with market activity gaining pace  Abu Dhabi’s real estate market saw a rise in transactions over Q3, with market activity continuing to gain pace following the easing of social distancing measures in May, according to the Chestertons’ Observer: Abu Dhabi Market Report Q3 2020. Although apartment and villa sales…

Dubai residential sales gain pace over Q3,  although remain down year-on-year, says Chestertons 

Dubai residential sales gain pace over Q3,

The number of property sales increased by 50% in Q3; however, figures tempered by lack of activity witnessed in Q2 as a result of COVID-19 Apartment and villa sales prices fell by 3.4% and 0.2%, respectively, in Q3 Rental rates Q-on-Q declined 3.6% and 1.2% for apartments and villas, respectively Market performance expected to continue to be hampered by COVID-19  Despite a clear quarterly rise in property sales during Q3, Dubai’s real estate market is expected to face further challenges in both the rental and sales market, according to the…

Azizi Developments’ VCM pioneers Owner Committees

عزيزي للتطوير العقاري وشركة تزويد الخدمات

The developer and its community management provider are establishing committees across their communities to enhance their residents’ lives Dubai, United Arab Emirates, 28 September 2020: Azizi Developments, a leading private developer in the UAE, is forming owner committees through VCM, its dedicated community management provider, to enhance the lives of its residents. Through the committees, coordination between residents and the Owners Association will be enhanced, allowing for initiatives and further improvements to Azizi’s communities to be expedited. The formation of the committees, which are established across all of Azizi Developments’…

DC Hosts Webinar on US-UAE Commercial Landscape Post-COVID-19

Dubai-UAE: June 29, 2020 –  The Embassy of the United Arab Emirates in Washington, DC  presented an exclusive webinar titled “View from the mission in DC, US-UAE Commercial Landscape, Updates Related to COVID-19” to the collective leadership and members of the AmCham Dubai and AmCham Abu Dhabi. Saud Al Nowais, Commercial Counselor, Trade & Commercial Office for UAE Embassy, offered an overview of the commercial landscape in the two countries and provided a post-event readout of the G2G bilateral Economic Policy Dialogue (EPD), that took place between the UAE Ministry of Foreign Affairs and International…