Dubai World Fulfils Obligations to Creditors Totalling USD 18.9 Billion
Dubai World has announced the repayment of the final tranche of debt to its original creditors, completing the refinancing program…
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Edita subsidiary obtains $8.2mln from Arab Bank
Edita Food Industries (Edita) has announced that its Moroccan subsidiary obtained a seven-year MAD 80m loan (EGP 133.2m) from Arab…
Qatar banks Al Khaliji and Masraf Al Rayan begin merger talks
Qatari lenders al Khaliji and Masraf Al Rayan said on Tuesday they had started negotiating a potential merger that could…
Saudi insurance firms to benefit from fewer claims, but challenges ahead
Despite a grim economic outlook, insurers in Saudi Arabia may have benefited from the recent coronavirus lockdown and are likely…
Middle East expected to see more investment from China and east Asia, Savills says
The Middle East is expected to receive further investment from China and countries in east Asia, largely driven by funding…
Reed Smith appoints new managing partner for Asia-Pacific region
Reed Smith has named Kyri Evagora as its new managing partner for Asia-Pacific, replacing Denise Jong who has been in…
UAE Islamic Banks: 2019 Results Dashboard
Key Message on 2019: Islamic financing and deposits accounted for 27% of total sector financing and deposits, respectively, at end-2019.…
Global Business Barometer Improves
Executive sentiment about the three-month outlook for the global economy rose but remains pessimistic at -27.7 (out of a range…
Emirates NBD hires banks for perpetual dollar bonds -document
Emirates NBD, Dubai's largest bank, has hired banks to arrange an investor call ahead of a potential issuance of U.S.…
Revealed: The UAE's most powerful business families
UAE's 21 families have been ranked among the Arab world's 100 most powerful family businesses, which is second highest in…
Here is why the UAE will become the number one global fintech hub
Financial technology, better known as fintech, has been a burgeoning sector for a few years now. It is the…
COVID-19: UAE banking sector could see more job cuts this year
Banks in the UAE could see more job cuts as the pandemic-related economic slowdown, the postponement of Expo 2020 and…