Bahrain's GIB Establishes Saudi Arm With $2bn Capital
The bank's Saudi arm will be owned equally by GIB and Saudi Arabia's Public Investment Fund Read more
Dubai Offers Investment Opportunities In Major Public Parks
Dubai Municipality says investors are being sought for Creek Park, Mamzar Smart Park, Mushrif Park, Zabeel Park and Safa... Read more
The Rise And Fall Of Dubai's Abraaj Group
They were managing $14bn in assets but the star players behind The Abraaj Group, Arif Naqvi and Mustafa Abdel-Wadood, ar... Read more
Third Senior Abraaj Executive Said To Have Been Arrested
Sev Vettivetpillai, a former Abraaj managing partner, has reportedly been arrested for extradition to the US and is due ... Read more
Kuwait-backed Firm Buys 50% Stake In UK Shopping Mall
Cale Street Investments, a firm backed by the Kuwait Investment Office, has announced a 50/50 joint venture for the Intu... Read more
Saudi Mining Giant Says To Make First International Acquisition
Ma'aden says deal for an 85% stake in the Mauritius-based Meridian Group is due to be completed by September Read more
Bahrain's Investcorp Inks Commercial Property Deal In Frankfurt
The acquisition is Investcorp's third real estate investment in Germany in the past 12 months Read more
Emirates NBD Sees UAE Rate Climb Reversing On Tax Giveaway
The government probably held as much as $11bn in bank deposits following the introduction of a 5% value-added tax in ear... Read more
Finablr's $200m IPO To Be Completed By Mid-May
Finablr CEO Promoth Manghat said he expects the listing will allow the firm to scale up and explore new opportunities in... Read more
Dubai's Emirates NBD CFO Subramanian To Leave After 9 Years
Surya Subramanian expressed a 'desire to return to Singapore to pursue family interests' Read more
Dubai's Emirates NBD Reports Increased Profits On Loan Growth, Forex
Emirates NBD said economic activity in 2019 to be underpinned by higher oil production as well as increased government s... Read more
Dubai's Biggest Bank Celebrates Listing Of $1bn Bond
Senior banker rings the market-opening bell at Nasdaq Dubai to celebrate the listing of a $1bn conventional bond Read more
Dubai Regulator In Contact With US Counterpart About Abraaj Case
Abraaj founder Arif Naqvi and former managing partner Mustafa Abdel-Wadood were arrested on US charges last week for all... Read more
Abu Dhabi's Privinvest Seeks Compensation From Mozambique Over Hidden Debts
Privinvest and its subsidiaries were the only suppliers for $2 billion of maritime projects for which Mozambique raised ... Read more
Kuwait's Jazeera Airways To Distribute $23m Dividend To Shareholders
With the 2018 dividend, the airline has returned a total of KD84 million in cash to shareholders in the last five years Read more