Wednesday, December 19, 2018

MIDEAST STOCKS-Saudi exchange opens slightly lower after big losses last week

DUBAI, Sept 9 (Reuters) - The Saudi exchange opened in negative territory on Sunday, extending – even if only marginally – significant losses accumulated at the end of last week as investors were rattled...

Allianz to scale telematics across its global territories

Allianz is looking to expand its telematics across new locations following the success of Marmalade. This is according to Jacob Abboud, Allianz’s chief information officer, speaking at Insurance 2025 on Tuesday. The firm has identified Poland,...

Non-Oil Sector Growth Remains Below the Pre-VAT Average in Saudi Arabia

The pace of non-oil private sector growth in the Kingdom has accelerated in the last three months. (Shutterstock) Follow > , , The survey, sponsored by Emirates NBD...

JTC acquires Minerva

  JTC is to acquire Minerva, a provider of private client, corporate, fund and treasury services with a track record spanning more than 40 years and is headquartered in Jersey, Channel Islands. The acquisition will add...

Reliance Home Finance gains 12% on report of fund raising talks with Abu Dhabi...

Reliance Home Finance, the part of Anil Dhirubhai Ambani Group, is planning to raise Rs 1,500-2,000 crore through preferential issue, reports CNBC-TV18 quoting sources. The stock rallied 12 percent intraday...

ATFX Announces Acquiring a Key Executive in the Middle East

Mr. Fouad stated that “This position is fully in line with my experience and qualifications, and I intend to channel that alongside my consistency and dedication towards building a brighter future for...

PVR’s overseas expansion plans: ‘Big focus’ on these three markets

 PVR is targeting to build new screens in India to take its total to 1,000 by the end of 2020. PVR Ltd., India’s largest movie exhibitor, is seeking growth opportunities overseas after sealing...

Rich UAE expats target Caribbean for second passport

The Caribbean countries have seen a surge in demand in theirs citizenship-by-investment schemes as more high-net-worth expats from the UAE are seeking a second passport. The demand for a second passport among expatriates...

New Global FinTech Deal Highlights Collaborative Trend

The latest global FinTech collaboration ties together Singapore and Dubai in a deal designed to encourage innovation in digital payments, online and mobile commerce, and related areas. According to a recent statement, the Dubai...

Spacenow, Dubai’s SEED Group launch 1st rental platform in MENA

Dubai – Mubasher: Dubai’s SEED Group on Monday announced that it has signed an agreement with the world-first space sharing platform Spacenow. The new deal aims at launching the first short-term business space rentals...