05/29/2015
Troubled 1Malaysia Development Berhad's (1MDB) Middle East partners will inject US$1 billion into the debt-laden strategic fund for early repayment of a US$975 million syndicated loan led by Deutsche Bank, the Finance Ministry said today.
05/28/2015
The agreement creates a frame-work for both institutions to work together to enhance interaction and collaboration between the derivatives and financial markets of the UAE and China.
05/28/2015
RAKBANK today announced the acquisition of 79.23 per cent stake Ras Al Khaimah National Insurance Company P.S.C. (RAK Insurance) following the purchase of a total of 87,154,981 shares at AED 3.64 per share through a tender offer.
05/27/2015
The fund’s management held a series of meetings with partners in the region, including ministries and agencies of Egypt, Middle Eastern investment funds as well as Russian companies interested in developing business in the Middle East
05/27/2015
We don’t see any major impact of running the brands in parallel
05/26/2015
Two former investment bankers from JPMorgan Chase & Co and Citigroup have started a boutique advisory firm in Dubai, aiming to tap appetite for deals in the US and Canada.
05/26/2015
Almarai is present in the six Gulf countries as well as Egypt and Jordan.
05/26/2015
Mubasher Financial Services BSC, one of the leading financial institutions in the Middle East, is pleased to announce the opening of a new state of the art office in Bahrain.
05/26/2015
Under the Patronage of His Excellency Shaikh Hisham bin Abdulrahman Al Khalifa, Capital Governor
05/26/2015
Under the Patronage of His Excellency Shaikh Hisham bin Abdulrahman Al Khalifa, Capital Governor
05/25/2015
The main investor in infrastructure in the region is the public sector but it cannot do it alone' said Hani Mulki chief commissioner of the Aqaba Special Economic Zone Authority in Jordan.
05/25/2015
Two major agreements are expected to be signed by Bahrain and China
05/25/2015
Qatar businessmen have been urged to take advantage of the Gulf Cooperation Council-Singapore Free Trade Agreement and the Asean Economic Community, a single market that would facilitate “freer flowing trade, investments, and connectivity.”
05/24/2015
Revolutionary product 'Loans for Diamonds' launched
This revolutionary product will allow diamonds registered with DMCC's Tradeflow platform, which will act as the central registry, to be used as collateral for trade finance loans
05/24/2015
The ceremony was held as part of GlobalCapital's ninth annual gala dinner, to celebrate the best borrowers, banks and bankers in the sovereign, supranational and agency, FIG, corporate and emerging markets sectors.
05/24/2015
It may be a tiny country of around 850,000 people, but it has a bold ambition to become the commercial hub of eastern Africa
05/24/2015
Bank Sohar has picked Arab Banking Corporation as the sole arranger and bookrunner for the loan syndication
05/21/2015
Turkish logistics firm Netlog is looking to sell a stake to an investor to help to expand its business, which already has distribution warehouses in Europe, the Middle East and North Africa after a string of acquisitions.
05/21/2015
Emaar Misr intends to use the proceeds from the IPO towards its non-residential developments in Egypt
05/21/2015
Having identified the UAE as an important partner, China is looking at engaging individual emirates to boost its economic and trade ties with the second-largest economy in the Arab world that has a GDP of over US$400 billion.