05/18/2020
Bahrain's UGH subsidiary has $8.5mln exposure to agri-trader Phoenix
UGH does not have any direct exposure to the commodities trader
Alternative Investments
05/18/2020
Saudi Arabia Acquires Shares Worth $7.7 Billion in World’s Major Companies
Stock market experts said the buying spree reflected confidence on the part of the PIF that companies badly affected by the economic fallout from the COVID-19 pandemic would recover quickly, and their share prices would rise.
05/17/2020
Saudi wealth fund boosts US holdings with stakes in Citi, Boeing, Facebook
PIF's strategy is two-pronged; building an international portfolio of investments and investing locally in projects that will help reduce Saudi Arabia's reliance on oil.
05/16/2020
QFC welcomes Credit Agricole CIB, Vakifbank to its platform
In line with its 2022 strategy announced last year, the QFC continues to aggressively pursue financial services as a key focus cluster, as well as the sports, media, and digital sectors.
05/15/2020
Egypt's Suez Canal Bank to sell entire stake in Midor
The 1.27% stake will be sold to Egyptian General Petroleum Corporation
05/15/2020
Dubai leads GCC stock market decline in early trade
Dubai bourse led the regional fall, losing 1.8 per cent to 1,886.5 points in the morning trade.
05/15/2020
EMEA emerging market banks face rising risks amid lockdown, oil shock - Fitch
86 out of 100 EMEA EM bank ratings reviewed had negative rating actions
05/15/2020
Turkey crunch would pack only weak punch for emerging markets
Reverberations this time might be of even lower magnitude, because investor positioning in emerging markets overall and Turkey in particular looks dramatically different from the summer of 2018.
05/14/2020
Dubai registered record property sales in Q1 2020
COVID-19 pandemic impacts all segments of the UAE property market
05/13/2020
Turkey to add $3bn to state banks’ capital over virus
Fresh capital will be used to help companies hard hit by the loss of business after lockdowns hampered manufacturing and retail industries.
05/13/2020
Société Générale joins EBRD in financing Izmir metro
The investment project is part of the joint work of Izmir and the EBRD to improve the urban environment and people’s lives in the city.
05/13/2020
UAE banks disclose Dh412 million exposure to Phoenix and associate firms
First Abu Dhabi Bank has Dh269 million exposure to agri-commodities trader
05/13/2020
Dubai does mortgages the 'e' way
This ensures number of visits to get registration done are reduced for property owners
05/13/2020
Lothian Pension Fund urged to divest from Bank Hapoalim
We’re naturally disappointed with these developments
05/12/2020
Mubadala begins marketing three-tranche dollar bonds - document
All three tranches will be listed on the London Stock Exchange and the Formosa tranche will also be listed on the Taipei Exchange.
05/12/2020
EBRD extends US$125 million in new funds to Turkey’s Enerjisa
EBRD funds will support the implementation of the company’s investment plans during the period of uncertainty.
05/10/2020
Bahrain Clear inks deal with First Abu Dhabi Bank
First Abu Dhabi Bank is the UAE’s largest bank and strongest financial institution in the Middle East
05/10/2020
IMF Response Signals Positive Agreement with Lebanon
The plan was “an important step forward.”
05/08/2020
Bahrain offers riskiest Eurobond since market hiatus
The kingdom has attracted more than $7.5 billion in demand so far after offering a substantial yield premium for its 10-year notes and Islamic securities
05/07/2020
Nakheel cuts salaries as pandemic hits Dubai retail and real estate
“We are extremely grateful to our employees for their dedication, commitment and understanding during this difficult phase, which we can – and will – overcome.”