07/03/2014

BNP to Standard Chartered Toppled as Arab Deals Go Local

While pressure from regulators has forced international banks to sell assets and boost capital reserves, local lenders in the oil-rich region, flush with cash, have driven borrowing rates to the lowest in more than seven years and hired loan arrangers.

07/01/2014

PBME-KHC sign Africa deal

The joint venture between KHC and PBME will invest in African companies, in response to rising investor demand for exposure to the continent's fast growing economies.

06/30/2014

UAE's Al Hamra Real Estate gets $230 mln financing

The privately owned firm said the seven-year facility would be used to refinance existing debt and to finance planned new real estate projects. It did not reveal the terms of the facility.

06/29/2014

Muscat Fund to invest in IPOs, GDRs of MSM-listed companies

Muscat Fund, managed by the Asset Management division of Bank Muscat, has decided to widen the objective of the fund to invest in IPOs in the Sultanate and Global Depository Receipts (GDRs) in global financial markets related to companies listed on the Mu