Oman Mulls VAT Move After January 2022 To Shore Up Finances
A joint committee of the State Council and Shura Council suggests time frame and sends draft law for approval to Sultan ... Read more
$8.8bn Wiped Off Lebanon's Foreign Assets As Crisis Deepens
Banker raises doubts over Central Bank's artificial minimum threshold Read more
US VC Fund Village Capital Looks To Invest In UAE Tech Start-ups
UAE early stage ventures could get investments to the tune of $500,000 to $2 million via MetLife Foundation Impact Fund Read more
UAE Commodities Firm Shuts Trading Desks After Coronavirus Blow
Sources say GP Global Group decided to stop trading commodities from energy to agriculture after banks withdrew credit l... Read more
Saudi Chemical Giant To Tap Bond Market For $1bn
Saudi Basic Industries Corp loses $592m in the second quarter as the coronavirus pandemic hit economies across the globe Read more
Dubai's DP World Confirms $4.5bn Investment Deal For Ports
Port operator says that despite Covid-19 it is well positioned to face the current challenges experienced by the industr... Read more
Abu Dhabi Completes $5bn Bond Issue To Support Non-oil Expansion
Abu Dhabi Department of Finance chief hails success of issuance in midst of coronavirus crisis Read more
UAE's Largest Lender Set To Start Talks On Israeli Banking Tie-ups
First Abu Dhabi Bank says to talk with Bank Hapoalim and Bank Leumi to forge cooperation in the financial sector Read more
Gulf Investor With $540m In Cash Says M&A Spree Not Over
IHC shares have soared more than 500% in 2020, giving the company a market capitalisation of about $19bn Read more
Egypt Completes $2bn Financing Deal To Support Budget
Minister of Finance says Egypt is continuously diversifying its funding sources by tapping regional as well as Islamic s... Read more
UAE Central Bank Boosts Liquidity With $4.3bn Cash Injection
Certificates of deposit dropped to $53bn by the end of May, from $54bn in April Read more
Dubai Gov't Offers $2bn Aid To Emirates Amid Coronavirus Impact
Bond prospectus shows extent of government support to airline over the past five months after coronavirus brought global... Read more
Kuwait Finance Ministry To Mull Halving $66bn Debt Ceiling
Finance and economic committee has also suggested reducing the period for borrowing Read more
Lead Lebanon Negotiator For IMF And Eurobond Restructuring Quits
Talal F. Salman is the third ministry official to quit over Lebanon's response to its financial crises Read more
Half Of Lebanese Could Face Food Shortages: UN
Government priority must be given to rebuilding silos at Beirut port, says UN Economic and Social Commission for Western... Read more