finance

  • Al Masah Capital report indicates positive outlook for regional markets this week with Brent hitting the USD50 mark over the weekend

    Regional markets should take a positive view going into the new week as Brent sends confident signals that hit the USD50 mark over the weekend. Al Masah Capital weekly report indicates that “the two main triggers that everyone is eyeing now are the Fed’s upcoming meeting, with views being divided between the urgency to raise interest rates and the preference to wait as long as inflation remains benign”. Following this, oil producers are scheduled to meet next month and their output decisions will have an impact on oil prices and consequently all markets indices’ performances especially the MENA markets.

  • Al Masah Capital Report: Regional markets range bound like oil but bargain buying picks up

    Saudi Arabia had a strong close to the week, with the country’s original sovereign bond issuance’s success which led to a positive investor sentiment. The strong subscription in the bond (over USD 15 billion) gave investors hope that the country’s economy contraction and ballooning deficit could have a silver lining.

  • Al Masah Capital reports MENA recorded 16 private equity deals

    Al Masah Capital Limited, one of the leading asset management firms in the MENA and SEA regions, has released its biannual report, which shows that MENA recorded private equity activity worth $2.6 billion and IPOs worth $914 million. The staggering figures come on the back of a steady economic outlook for the MENA region, which is forecasted at 2.4% in 2015 for oil-exporting countries.

  • Al Masah Capital Weekly Report: Mena markets generally cautious; buying picks up in Egypt and Saudi

    Oil prices ended last week in the USD51.5 - USD52 range resulting in MENA markets maintaining a cautious approach with the exception of Egypt and Saudi. UAE markets were mainly down with Dubai and Abu Dhabi showing weakness of -0.59% and -0.97% respectively coupled with subdued volumes. Saudi Arabia went up by 1.11% as it finally reacted to oil staying above $50 but investors are still being cautious about the country’s economic situation with fears of further austerity measures and doubts about OPEC’s next meeting reaching an agreement.

  • Al Masah experts unravel its Private Equity business model to Imperial College London students

    Al Masah Capital Limited (AMCL), a UAE-focused alternative asset management advisory company, hosted an interactive workshop for Imperial College London MSC Finance students on their most recent visit to Dubai. Delving into the private equity industry in the MENA region, Mr. Saikat Kumar, Senior Executive Officer at AMCL, discussed the nuances of the PE trade and explained how Al Masah has evolved a winner with its unique approach in the changing financial landscape.

  • Al Masah Private Equity experts host workshop for Imperial College London students

    Al Masah Capital Limited (AMCL), a UAE-focused alternative asset management advisory company, hosted an interactive workshop for Imperial College London students on their most recent visit to Dubai. Delving into the private equity industry in the MENA region, Mr. Nrupaditya Singhdeo, Partner and Chief Financial Officer, and Mr. Farid Rosli, Director of Private Equity at AMCL, discussed the unique opportunities offered by this particular asset class and how it has evolved together with the changing financial landscape of the region.

  • Al Masah releases in depth analysis on regional SMEs and Venture Capitalism

    In yet another expert-led analysis of the regional as well as global market trends, Al Masah Capital Management Limited reviewed a rise in Venture Capitalism, the dynamic nature of Small and Medium Enterprises and their significant roleplay in fostering innovation and promoting global economies.

  • Al Masraf Bank wins prestigious ‘Straight Through Processing’ STP Excellence Award’ from ‘Commerzbank AG’

    Al Masraf Bank, one of the UAE’s premier banking institutions, has been named as the winner of this year’s Straight Through Processing (STP) Excellence. The award reflects the Bank’s consistently high SWIFT standards, which facilitate automated processing throughout the payment process, which is highly reflected in its recent achievement of 99.41 per cent STP rate in 2014.

  • Al Masraf profit during first half of 2015 increases by 13 per cent to AED 182 million

    The high-quality assets of Arab Bank for Investment and Foreign Trade (Al Masraf) has jumped to over AED 14.02 billion 40 years after its inception, while its credit portfolio remains of high quality and comprises high-net-worth customers inclusive of major companies and business groups. Al Masraf has grown remarkably over the past years by financing business and trade industries and investing in a variety of commercial projects across the UAE all of which have helped boost the bank’s financing portfolio to more than AED 8.5 billion by the first half of 2015.

  • Al Masraf profits increase by 11 per cent to AED 405 million in 2015

    The Arab Bank for Investment and Foreign Trade (Al Masraf) recorded a net profit of AED 405 million in 2015—reflecting a growth of 11 per cent as compared to the AED 366 million profit it posted in 2014. The company’s operating profit also rose by 13 per cent to AED 437 million. The remarkable growth of the profits is a result of Al Masraf’s move to expand its loan portfolio by 28.2 per cent to reach AED 9,43 billion in 2015. The bank also achieved positive results in consolidating its client base and boosting its ability to attract and utilize deposits. In 2015, clients’ deposits increased by 9 per cent to reach AED 9,5 billion, while the assets jumped to AED 15 billion with a growth of 5 per cent.

  • Al Najah Education takes MENASEA investments up to Dh300m with Sabari Indian School deal

    Al Najah Education LLC (Al Najah), the private equity platform of Al Masah Capital Limited (AMCL) for the education sector, has brought up its total investments in the MENA and SEA regions to almost Dh 300 million as it struck a new deal with Dubai-based Sabari Indian School (SIS). Al Najah acquired a majority equity stake in SIS as part of the firm’s strategy to acquire and build educational assets across the entire education spectrum spanning the Middle East and North Africa as well as South East Asia.

  • Al Qudra Holding records AED 264 Million profit for 2016

    Al Qudra Holding P.J.S.C. held its annual general meeting on 26 April 2017, and presented its 2016 full activity report for the financial year ending December 31, 2016. Following the meeting Al Qudra Holding announced that the company has achieved great results on all levels.

  • Al Sorayai Group expects carpet and flooring industry to grow 30 percent annually until 2020

    The carpet and flooring industry in the GCC and Middle East region is expected to grow 30 percent annually until 2020, according to industry sources. The expansion will be driven by the evolution in industry standards following the deployment of cutting-edge technologies and will be fueled by the completion of giant real estate projects, which are set to increase demand for local carpets and flooring and boost the presence of local and GCC manufacturing firms to meet this soaring demand.

  • Alfardan Group donates QAR 300,000 to Qatar Red Crescent Society

    Alfardan Group has announced a donation of QAR 300,000 to the Qatar Red Crescent Society to help the citizens of Yemen. Mr Wael Jamal, Head of Corporate HR, Alfardan Group handed the donation to Mr Saed Shaeen Al Kaabi, Head of Resource Mobilization, Qatar Red Crescent Society; in a private ceremony held recently at Alfardan Towers.

  • Algosaibi Groups Signs Settlement Agreement with Claimant Steering Committee

    Coinciding events in the last week represent an historic milestone in the efforts of Ahmad Hamad Algosaibi & Brothers ("AHAB" or "The Company") to resolve the largest and most complex financial dispute in the history of the Middle East.

  • ALL THAT GLITTERS IS GOLD FOR GCC ONLINE SEARCH TRENDS

    Demand for higher karat gold has taken an upward turn across the GCC during the past nine months, according to website search trend data from SEMrush, the leading award winning online digital marketing suite.

  • Alstom continues its organic growth

    Over the first quarter 2016/17 (from 1 April to 30 June 2016), Alstom booked €0.9 billion of orders, compared to €2 billion over the same period last year. Sales, at €1.7 billion, were up 7% organically over the first quarter 2016/17.

  • Alternative Evaporative Cooling Solutions Encouraged as the Hospitality Market Continues to Grow

    To support the burgeoning hospitality and tourism sectors in the region, Portacool, LLC is emphasizing the need for sustainable cooling technologies. With Dubai Expo 2020 expected to attract an estimated 25 million visitors to the UAE – boosting businesses in a variety of sectors – Portacool believes environmentally-friendly cooling solutions need to be considered to help hospitality sector businesses capitalize on spending during the summer months.

  • Amazon and SOUQ.com announce completion of acquisition

    Amazon (AMZN) and SOUQ.com confirm the official completion of the acquisition of SOUQ.com by Amazon. As the first step of integration, customers can now log on to SOUQ.com using their Amazon credentials.

  • An abbreviated trading week as regional markets closed for Eid Holidays- Al Masah Capital weekly investment report

    Al Masah Capital the alternative investments house in the MENA region released its weekly report that indicated the market reaction in the coming weeks and regional economies performance. An abbreviated trading week as regional markets closed for the Eid holidays. Any activity in the two days that the markets were open was done on very low volumes. This coming week will be a better indicator of what direction July will take after June ended with Brexit and reintroduced volatility, risk aversion and heightened investor uncertainty.