Egyptian Government Boosts Spending On Investments By 35%: Finance Ministry
The increase will 'strengthen the economy, raise development figures and offer new jobs especially as the global economy... Read more
How Could A No-deal Brexit Reap Returns For The Gulf?
Britain could turn to the Middle East to plug the gap in EU trade when the UK exits in 2021, according to experts Read more
Chinese Oil Giant CNPC Eyes BP's $1.5bn Stake In Oman Gas Field
State-owned CNPC in advanced discussions with BP for 10% stake in Khazzan natural gas field Read more
Profits At India's Reliance Jump 31%, Beating Estimates
Conglomerate's consolidated profits for Q2 increased to $1.77 billion Read more
Saudi-backed Consortium Abandons Bid To Buy Newcastle United
Deal had been agreed to buy the club for $390m from current owner Mike Ashley in April Read more
Credit Suisse Hiring Morgan Stanley Dubai Banker Luthra
Group looking to expand investment banking operations in the Middle East Read more
Kuwait Pension Fund Posts Record First-quarter Investment Profit
The fund had an investment profit of $7.3bn in the three months through June Read more
UAE's Network International To Acquire African Payments' Firm DPO
The acquisition will strengthen Network's presence in Africa, giving the payments firm direct access to an extensive and... Read more
First Abu Dhabi Bank Joins Middle East Lenders In Raising Provisions
Banks in the Gulf region are raising provisions to offset an expected increase in sour loans due to the twin shock of pl... Read more
Kuwait Fund Sues London Boss Who 'blew' Budget On Bonuses
Kuwait Investment Authority has filed a claim for $1.3m in damages related to salaries and bonuses Read more
Standard Chartered Bank Appoints New Saudi CEO
Standard Chartered Bank was awarded the licence to setup a banking branch in Saudi Arabia in 2019 Read more
UAE Shoppers Taking Advantage Of 'buy Now, Pay Later' Platforms
Fintech start-ups flourishing during Covid-19 pandemic as alternative options for businesses and consumers in increasing... Read more
Abu Dhabi's Mubadala Invests $150m In US-based Wood Pellet Firm Enviva
Enviva completed the recapitalisation of the company, raising more than $1 billion in new and incremental equity Read more
Saudi Car Rental Firm Theeb Hires Fransi Capital For IPO
The IPO could happen next year, depending on how quickly the company recovers from the impact of the coronavirus outbrea... Read more
Saudi's SRC To Issue Domestic Sukuks With $1.3bn Funding Target
Company is also looking to attract 'significant amount' by tapping international markets Read more