SoftBank Set To Pump Billions Into Struggling Start-up WeWork
The SoftBank bailout package, which involves new financing, speeding up already pledged money and a new tender offer for... Read more
$1.9m Art Collection Once Owned By Ex-Abraaj Head To Be Auctioned
Christie's to sell 19 works which were once part of collection owned by Arif Naqvi Read more
Saudi Arabia Said To Plan $2.5bn Sukuk Issuance
Source says world's biggest oil exporter is seeking to take advantage of borrowing costs that are around the lowest in f... Read more
TransferWise To Begin Offering Low-cost Money Transfers In UAE In 2020
TransferWise serves 6 million customers worldwide and processes $5bn in customer payments every month Read more
Global Fintech Giant Visa To Open Regional HQ In Dubai In 2021
Digital payments firm says it has appointed Sweid & Sweid to build its new Dubai headquarters Read more
Candy In Talks With Saudi Fund As It Mulls Move For UK Developer
Candy reportedly in early stage talks with Saudi Arabia's Public Investment Fund about a joint move to take over CapCo Read more
UAE's Mubadala Capital Launches New $250m Tech Funds
Mubadala says new investment funds will capitalise on the growing start-up scene in the region Read more
World's Largest Bank Lists $1bn Bonds On Nasdaq Dubai
Dubai bourse welcomes listing of two $500m bonds by Commercial Bank of China Read more
Expo 2020 Dubai Funding To Exceed $8bn By 2021, Says Dubai Govt Exec
Director general of the government's department of finance, Abdulrahman Saleh Al Saleh, said budget surplus has funded p... Read more
Financial Close Reached For Giant $870m UAE Desalination Plant
New plant will be located at the Taweelah power and water desalination complex in Abu Dhabi, with completion expected in... Read more
Global Sukuk Issuance Falls Slightly To $30.6bn
Fitch says GCC issuers have continued to access the sukuk market to diversify their funding mix and develop the Islamic ... Read more
Battle For Thyssenkrupp Elevators Unit Heats Up
Brookfield Asset Management and a consortium of Advent International, Cinven and the Abu Dhabi Investment Authority rema... Read more
Dubai's Emirates NBD Plans $1.76bn Rights Share Sale
Emirates NBD last month raised the cap on foreign ownership holding in its shares to 20% from 5% Read more
Selling Aramco: The Wall Street A-listers On The Oil Giant's IPO
The Saudi government is set to give the official green light for the IPO at a meeting on Thursday, aiming to raise about... Read more
Dubai-based Portuguese DJ Wins Private Island In Canada
The 27-year old DJ, who lives at home with his parents in Dubai, won a competition held by Liv, an online bank run by Em... Read more