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Bahrain Bourse hopes traders will be encouraged by discounts on commissions

Bahrain bourse launches incentive scheme to revive trading

Bahrain Bourse will introduce various incentives next month to try to boost trading on a market that accounts for less than one-thousandth of daily turnover on Gulf stock exchanges. The scheme, which begins on February 2, aims to improve trading activity and increase the number of institutions investing in Bahraini stocks. Its launch comes amid […]

GFH Financial Group logo

GFH Financial Group

GFH Financial Group is an Islamic investment bank. It has headquarters in Bahrain Financial Harbour, Bahrain. Previously known as Gulf Finance House, GFH was established in 1999 under a licence granted by the Central Bank of Bahrain. The bank operates in accordance with sharia, offering financial services, investment and commercial transactions and real estate services, […]

Alba, which was launched in 1971 and employs 3,200 people, is the oldest aluminium smelter in the Middle East

Alba and Ma’aden end merger discussions

Aluminium Bahrain (Alba) and the Saudi Arabian Mining Company (Ma’aden) have ended talks over a merger of the two Gulf manufacturing giants. Discussions had been taking place since last year and it had been hoped that a deal could be completed in the first quarter of 2025, according to Alba’s chief executive, Ali Al Baqali. […]

Adult, Male, Man

Oman imposes 15% tax on multinationals

Oman will impose a minimum top-up tax (DMTT) of 15 percent on multinational companies from January 1, according to a royal decree published by the Oman News Agency. The tax will apply to multinationals with consolidated annual revenue of OR300 million ($779.2 million), a tax official told the Reuters news agency. Last month the UAE’s […]

Dubai-based Manrre REIT owns assets across the UAE and the GCC region

Bahrain’s GFH buys $136m Dubai-based logistics fund

GFH Partners, the DIFC-based asset management arm of Bahrain-based GFH Financial Group, has acquired Manrre REIT, the Dubai-based fund with assets across the UAE and the GCC region. The fund’s portfolio is valued at AED500 million ($136.13 million), including 26 industrial and logistics properties in the Emirates. GFH Partners has assumed the fund manager’s role […]

GCC healthcare tie-ups US hospital

Healthcare providers from Americas target GCC tie-ups

With the rise of chronic diseases and other complex medical needs, co-operation is growing between medical institutions in Gulf states and their counterparts in the US and beyond. Mass General Brigham Hospitals Network and the Dana-Farber Cancer Institute, both based in Boston, Massachusetts, and the Mayo Clinic of Rochester, Minnesota, are among the household names […]

Bahrain's Investcorp Capital is to invest in the $4.2 billion redevelopment of New York’s JFK International Airport’s Terminal 6

Middle East investors turn to airports for safe returns

Middle Eastern money is making its way into airports around the world as investment in aviation assets continues to catch the eye. Abu Dhabi Investment Authority (Adia), the UAE’s largest sovereign wealth fund, is the latest headline-grabber as its estimated $4 billion takeover bid as part of a consortium for Malaysia’s Airports Holdings was confirmed […]

Gulf UAE Saudi PPPs

Gulf still struggling to attract private cash for public projects

Lower oil prices are driving Gulf countries, particularly Saudi Arabia and the UAE, to involve private companies in financing critical infrastructure projects worth tens of billions of dollars. Despite some successes, the expansion of public-private partnerships (PPPs) is being hampered by inconsistent project delivery and changing regulatory frameworks that are holding back investor confidence, experts […]

Calo offers meal subscriptions that customers can order and arrange online

Foodtech startup Calo plans IPO after $25m funding round

Saudi food technology startup Calo is planning to list on the country’s stock exchange following a raise of SAR94 million ($25 million) in its Series B funding round.  Based in Riyadh, Calo specialises in personalised meal subscriptions and also has a bricks-and-mortar offering. It is embarking on an accelerated expansion phase, increasing its physical locations […]

A diabetes awareness event organised by the Dr Soliman Abdel Kader Fakeeh Hospital; the Saudi medical company conducted the largest IPO, selling 21.5 percent of its stock for $764 million

Strong post-IPO performance bodes well for Saudi flotations

Recently floated Saudi Arabian companies have thrived since listing on Riyadh’s bourse, thanks in part to astute pricing of initial public offerings and foreign institutional investors’ growing participation. Since the start of 2024, there have been 14 IPOs in Saudi Arabia that raised more than $100 million, according to data compiled by AGBI and London […]

Aluminium Bahrain logo

Aluminium Bahrain

Aluminium smelter Aluminium Bahrain, or Alba, was officially incorporated in 1968 and began operations in 1971 with a capacity of 120,000 metric tonnes a year, as part of early aims to diversify Bahrain’s economy away from oil. Over time Aluminium Bahrain has increased capacity to more than 1.6 million tonnes per year. Aluminium Bahrain went […]

Jakarta's skyline blends colonial architecture with modern skyscrapers. Abu Dhabi and Qatar will support Indonesia's 15-million-home, five-year plan

Abu Dhabi & Qatar to help fund Indonesian housing

Abu Dhabi and Qatar have committed to support Indonesia’s plan to build 15 million houses, according to the head of the housing task force Hashim Djojohadikusumo. Djojohadikusumo said the Qatari government will finance the construction of five million houses, while an unnamed philanthropist from Qatar will contribute towards a further one million houses. He added […]

Alba Ma’aden delay aluminium

Alba and Ma’aden delay merger to Q2 2025

The deadline on a potential merger between Aluminium Bahrain (Alba) and subsidiaries of Saudi Arabia’s Ma’aden has been extended into the second quarter of 2025. It had been hoped that a deal between the two manufacturing giants could be completed in the first quarter, according to Alba’s chief executive, Ali Al Baqali. But a note […]

GCC real estate: the expat population of Riyadh grew under Vision 2030 projects but the Saudi government is also targeting domestic home ownership

Pricey homes and packed hotels: the year in GCC real estate

The story of the Gulf property market this year was about decreased housing affordability and a growing gap between top-quality properties and second-tier ones. Meanwhile, surging numbers of international visitors in the UAE, Saudi Arabia and Qatar brought thriving hospitality and retail sectors in the main tourist hotspots. Industry observers expect 2025 to bring more […]