Middle East Suitor For Crisis-hit Hyflux Submits Binding Offer
Under the terms of the offer, debts owed to unsecured creditors, bondholders and trade creditors will be exchanged into ... Read more
FDI At Saudi Arabia's King Salman Energy Park To Exceed $2bn
Upon completion SPARK will add SAR22bn annually to Saudi Arabia's GDP by 2035 Read more
Mashreq Reports Drop In First-half Profit Amid 'tough Operating Environment'
Covid-19 pushed the impairment allowances to increase in the second quarter of 2020 massively affecting half yearly prof... Read more
Saudi Arabia Explores Income Tax, Privatisation To Boost Finances
'Saudi Arabia is not in austerity and we are not getting into an austerity phase,' said Finance Minister Mohammed Al Jad... Read more
UAE Asset Manager To Start ETF Trading In Dubai And Abu Dhabi
The ETF will have two different share classes that will track a Shariah-compliant index compiled from stocks listed on t... Read more
UAE Energy Trader To Restructure Finances Following Oil's Crash
GP Global said it has been 'targeted by vested interests' spreading rumours about its financial standing Read more
Emirates NBD Receives Approval To Double Foreign Ownership Limit
Dubai's largest bank earlier reported a 45% slump in first-half profits Read more
Survey Reveals Trust In UAE Banks On The Increase
UAE banking sector has higher trust rating than US, UK, China, Japan, France and Germany Read more
Emirates NBD Reports 45% Slump In Profit After $1.1bn Provisions
Emirates NBD continues to have a good underlying operating performance, said CFO Patrick Sullivan Read more
Covid-19 Sparks Increased Demand For Cashless Transactions In Middle East
Latest PwC survey reveals 53% of people used mobile phones for online deliveries Read more
Middle East Wealth Funds Plan More European Bargain Hunting, Says Invesco
Over the next 12 months, about 43% of sovereign funds in the region will buy equities with lower valuations Read more
Oman's Tourism Arm Ends Deal With Damac For Waterfront Project
Omran will buy the 70 percent stake it doesn't already own in Muttrah Tourism Development Co., established to redevelop ... Read more
Saudi Arabia's Fannie Mae Buys Up $800m Of Mortgages
Deal is the largest ever housing real estate refinancing transaction and first-of-its-kind in the kingdom Read more
Siraj Holding Completes Deal For Al Hilal Bank's Islamic Insurance Business
Thomas Joe has been appointed CEO following appointment of new board members Read more
Sustainable Investing Gains Momentum In Wake Of Covid-19
In the UAE, 81% of investors said they believe a sense of fear will prevail for a long time Read more