Activity in initial public offerings (IPOs) across the Mena region declined in the first quarter (Q1) of 2015 after an active Q4 2014, with only two IPOs collectively raising a total capital of $255.7 million, said an industry expert.
Announced deal value in Mena increased to $8.9 billion in the first quarter (Q1) of 2015 from $8.2 billion during the same period last year, marking an increase of 9 per cent, a report said.
In Q1 2015, 90 deals were announced as
The number of transactions in the oil and gas sector in the Middle East decreased from 32 to 12 from 2013 to 2014, a report said, noting that the total value was only marginally down at almost $600 million.
In terms of the upstrea
Hotels across Dubai recorded a small drop in average occupancy by 0.3 per cent in October compared to the same time last year, due to the additional supply of hotel rooms, a report said.
Dubai also witnessed a slight decrease in t
Solvency requirements, realignment of investment portfolios, need for independent actuarial reviews and increased regulatory compliance are among the potential challenges UAE insurers face with new regulatory changes, said experts.
In Saudi Arabia and the UAE, the level of consumer trust in insurers is just 52 per cent, compared to 73 per cent for supermarkets, 71 per cent for banks, and 67 per cent for pharmaceutical companies, a report said.
In terms of tr
Islamic banking assets with commercial banks in international markets are set to exceed $778 billion this year, a report said, adding that the global profit pool of Islamic banks is set to triple by 2019.
Global Islamic banking as
Dubai’s overall hospitality market recorded an average daily rate (ADR) of $195 in August as against $213 in the same month of 2013, marking a drop of 9.23 per cent, a report said.
Average occupancy jumped month-on-month fro
Nationalisation, diversification, global positioning and stability are key areas for governments and businesses in the region to consider for the future of GCC growth, said a report.
The four biggest drivers of policy, common acro
GCC's gross takaful contribution is estimated to reach around $8.9 billion in 2014 from an estimated $7.9 billion last year, according to a new report.
Global Takaful Insights 2014, the latest report from EY, a multinational p