#assets

Bitcoin’s recovery rally stalls as traders turn focus to $45,000

Analysts have noted that cryptocurrencies have lately been moving in tandem with other riskier assets

First Abu Dhabi Bank reports 19% rise in group net profit for 2021

Its total assets exceeded Dhs 1 trillion, marking a 9 per cent year-on-year increase

UAE’s National Bank of Fujairah reports 124.2% rise in net profit for 2021

NBF posted operating profit of Dhs955.6m in 2021, an increase of 6.8 per cent compared to Dhs894.6m in 2020

Bitcoin plunges over 20% in another sign of global market nerves

The swings in cryptocurrencies come amid a volatile period for financial markets

Shailesh Dash

Charting the growth of SPACs

Are special purpose acquisitions companies becoming a serious alternate funding avenue for private companies?

How should GCC economies manage public finances

Governments can use sovereign asset liability management as a financial tool to manage public sector balance sheet risks

Emirates NBD

Dubai’s Emirates NBD reports 17% year-on-year rise in net profit for H1 2021

Total income declined 9 per cent year-on-year to Dhs11.54bn

Saudi Aramco is said to pick JPMorgan, Goldman for gas pipeline deal

The state energy giant is preparing to gauge interest in the assets from potential investors

Saudi Aramco makes second highest profit on surging oil prices

Saudi Aramco to sell more assets in multi-billion dollar push

Aramco raised $12.4bn by selling leasing rights over oil pipelines to a US-led group of investors in April

World’s oldest wealth fund swells to record and cracks the top 3

The Future Generations Fund, managed by Kuwait Investment Authority, has risen to a record of about $700bn

Kuwait’s $134bn pension fund has record gain in turnaround

The $134bn pension fund recorded 20.9 per cent growth in assets in the year ended March 31

Oman state oil firm to sell assets to fund $7.9bn spending

OQ is tapping the international bond market for the first time in an issuance aimed at raising at least $500m

Saudi Arabia seeks to speed privatisations to help ease deficit

Saudi Arabia raised $800m from the recent sale of two flour mills, which followed two other mill sales of $740m last year

UAE’s Emirates Islamic Bank posts 37% rise in Q1 net profit

The bank’s operating profit dipped 12 per cent y-o-y to Dhs319m

Bitcoin hits another record and leaves other asset classes trailing

Bitcoin is up about 1,000 per cent in the past year amid signs of increasing institutional interest as well as speculative demand

Cover story: The key regional investment trends focusing on the wealth of the future

The pandemic has further emphasised the need for diversification among investors, reveal AIX Investment Group’s board advisor Fadi Dabbagh and senior financial advisor Khalid El-Mikhi

Investcorp is said to raise $1bn for North American deals

The money manager is the Gulf’s largest private investor in US real estate

UAE oil firm ADNOC gets $900m investment in property unit

Abu Dhabi Pension Fund is investing in some of ADNOC’s real estate assets

china oman

BP sells Oman stake to Thai firm in $25bn divestment drive

The deal should help BP deliver on its goal of selling $25bn of assets by 2025

How you can make your wealth work for you

From creating a diversified portfolio to making well-informed asset choices, it is critical to have the right kind of advice in order to protect your investments

National Bank of Fujairah posts net loss of Dhs475m for 2020

The decline was attributed to a substantial increase in impairment provisions and lower operating profit

First Abu Dhabi Bank acquires 100% of Bank Audi Egypt’s share capital

The proceeds will help strengthen Bank Audi group’s capitalisation and financial resilience

Stocks set to end 2020 at record high

Investors have pushed risk assets including stocks to sky-high valuations on expectations that widespread vaccine distribution in 2021 will reignite economic growth

Dubai contractor Arabtec to file for liquidation at ‘earliest opportunity’

The decision reversed efforts sought by a minority group of shareholders to restructure and save the company from liquidation

Saudi Binladin considers joint ventures and asset sales amid revamp

The company has put thousands of employees on indefinite leave in recent months

Zainab Invesco

Video: Where are Middle East sovereigns investing?

Fixed income and gold have emerged as attractive asset classes for regional sovereigns, finds the Invesco Global Sovereign Asset Management study

How can investors find the right asset allocation mix in the current situation?

The key for investors is to find the asset mix that not only improves their returns, but more-so their decision-making process

IMF warns investors: You’re not ready for climate change

Global temperatures have risen 1.1 degrees Celsius since pre-industrial times and at current levels of greenhouse gas emissions, are set to rise by 3 degrees Celsius by the end of the century

Dubai’s ICD reports 16.9% rise in 2019 profits

Its 2019 revenues dipped 1.9 per cent to Dhs228bn

Webinar: Investing during the current Covid-19 crisis – Century Financial Dubai

While there remain pockets of opportunity, investors should ensure they have sufficient liquidity right now, stresses Vijay Valecha, chief investment officer at Century Financial