Banking & Finance
Abu Dhabi Returns To Dollar Bond Market With Multi-tranche Deal
Middle East Business News - Published date: .
UAE capital is among the list of many selling bonds to bolster their finances in the face of lower oil and gas prices Read more
Strict New Rules Make Life Tough For Lebanese Retailers
Middle East Business News - Published date: .
Central bank imposes stricter requirements to open letters of credit to finance imports into the country Read more
Abu Dhabi Fund Said To Seek Resolution To Mumbai Airport Takeover Deal
Middle East Business News - Published date: .
Agreement between ADIA consortium and GVK Group's airport holding company has 'deal exclusivity' until January 31, 2021 Read more
Pandemic Causes Bahrain's GFH H1 Profits To Slide By Almost 58%
Middle East Business News - Published date: .
Profits fell from $48.43m last year to $20.39m as a result of Covid-19 and slower markets Read more
UAE's Mubadala Invests In US Pharma Business
Middle East Business News - Published date: .
Senior Mubadala exec says outsourced pharmaceutical services has been a key investment theme for the sovereign investor Read more
Bahrain's GFH Inks Deal To Hold Majority Share In Sharia Investment Firm
Middle East Business News - Published date: .
Global Banking Corporation offers a range of Sharia compliant investment banking services in Bahrain Read more
Bahrain's Ithmaar Holding Reveals 43% Drop In H1 Profits
Middle East Business News - Published date: .
Half yearly profits have fallen to $7.40m as a result of Covid-19 economic impact Read more
UAE's Waha Capital Eyes Latin America Tourism Boost After $50m Investment
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
PCP Capital Partners' largely Saudi-funded $445 million bid to buy the Premier League club collapsed recently Read more