Banking & Finance
How Could A No-deal Brexit Reap Returns For The Gulf?
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
Conglomerate's consolidated profits for Q2 increased to $1.77 billion Read more
Saudi-backed Consortium Abandons Bid To Buy Newcastle United
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
Group looking to expand investment banking operations in the Middle East Read more
Kuwait Pension Fund Posts Record First-quarter Investment Profit
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
Company is also looking to attract 'significant amount' by tapping international markets Read more
Middle East Suitor For Crisis-hit Hyflux Submits Binding Offer
Middle East Business News - Published date: .
Under the terms of the offer, debts owed to unsecured creditors, bondholders and trade creditors will be exchanged into ... Read more
FDI At Saudi Arabia's King Salman Energy Park To Exceed $2bn
Middle East Business News - Published date: .
Upon completion SPARK will add SAR22bn annually to Saudi Arabia's GDP by 2035 Read more
Mashreq Reports Drop In First-half Profit Amid 'tough Operating Environment'
Middle East Business News - Published date: .
Covid-19 pushed the impairment allowances to increase in the second quarter of 2020 massively affecting half yearly prof... Read more
Saudi Arabia Explores Income Tax, Privatisation To Boost Finances
Middle East Business News - Published date: .
'Saudi Arabia is not in austerity and we are not getting into an austerity phase,' said Finance Minister Mohammed Al Jad... Read more
UAE Asset Manager To Start ETF Trading In Dubai And Abu Dhabi
Middle East Business News - Published date: .
The ETF will have two different share classes that will track a Shariah-compliant index compiled from stocks listed on t... Read more
UAE Energy Trader To Restructure Finances Following Oil's Crash
Middle East Business News - Published date: .
GP Global said it has been 'targeted by vested interests' spreading rumours about its financial standing Read more