UAE's Waha Capital Eyes Latin America Tourism Boost After $50m Investment
CEO Amr Al Menhali says confident that investment will help put Waha on a firm footing post COVID-19 Read more
Banks Reduce Exposure To Dubai-based Oil Trader
BNP Paribas, Natixis and Middle Eastern lenders including Emirates NBD, Emirates Islamic Bank and National Bank of Fujai... Read more
How UAE Small Businesses, Consumers Have Changed Behaviours Amid Covid-19
Nine out of 10 consumers in the UAE have changed how they pay for purchases due to Covid-19, according to Visa Read more
NMC Administrators Say They've Uncovered Most Of The Hidden Debt
NMC will focus on its operations in the UAE and Oman, while considering the sale of the non-core international subsidiar... Read more
Fitch Follows Moody's By Downgrading Oman
Even before the virus outbreak and declines in oil prices, Oman was already among the most vulnerable economies in the s... Read more
Abu Dhabi Investment Office Transfers $145.7m Ventures Fund To ADQ
Collaboration aimed at strengthening Abu Dhabi's digital economy and start-up ecosystem Read more
UAE's Network International Reveals 15.3% Drop In Middle East Revenues For H1
Covid-19 lockdowns and reduced customer spending saw company report $150,000 loss for half year Read more
BR Shetty Steps Down As Co-chair And Director Of Finablr
UK's HMRC has moved to suspend business registrations of UAE Exchange UK Ltd. and Xpress Money Services Ltd Read more
Bahrain's Mumtalakat And Acrapita Exit NAS Neuron Investment
Stake has been sold to a leading US-based Fortune 500 company Read more
Saudi Sovereign Fund Said To Hire Ex-Morgan Stanley Risk Officer
PIF received an injection of $40bn from the kingdom's reserves in March and April as it sought investment opportunities ... Read more
Saudi's PIF Ditches Blue-chip Stocks, Adds ETFs
Kingdom transferred about $40bn to the PIF from its central bank in March and April to boost its financial fire power Read more
Saudi Wealth Fund Is Said To Repay $10bn Bridge Loan
Loan taken last year ahead of $70bn sale of stake in Saudi Basic Industries Corp Read more
Premier League Chief Opens Up On Saudi-funded Failed Newcastle Bid
PCP Capital Partners' largely Saudi-funded $445 million bid to buy the Premier League club collapsed recently Read more
Dubai's Shuaa Pauses Some Deals As Virus Causes Strategic Shift
Shuaa Capital is focused on its main businesses and on becoming more efficient, chief executive officer Jassim Alseddiqi... Read more
Munich Re Among Reinsurers Exposed To 'major' Beirut Blast Loss
Property damage alone from the blast, which killed more than 150 people and triggered the collapse of Lebanon's governme... Read more