First Abu Dhabi to redeem $750 mln in perpetual bonds -filing
First Abu Dhabi Bank intends to redeem its $750 million Additional Tier 1 (AT1) bonds on their first call date,…
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Dubai Chamber launches Banking and Funding Startups series
Keeping in line with its entrepreneurship advocacy efforts, Dubai Startup Hub, an entrepreneurship initiative of Dubai Chamber of Commerce and…
Saudi ministry targets face mask price violations
The Saudi Ministry of Commerce and Investment found 825 price violations on face masks in some retail stores on Thursday,…
MoneyGram partners Al Rajhi Bank in Saudi Arabia
MoneyGram International has announced that it has entered into a strategic partnership with Al Rajhi Bank, the largest Islamic bank…
EBRD announces winners of the 2020 Sustainability Awards
Clients awarded for commitment to environmental and social sustainability 16 clients from 11 countries recognised for excellence Winners demonstrate innovation,…
Abu Dhabi's economic priorities will not be influenced by COVID-19 hit
Getting hit by the COVID-19 outbreak does not mean Abu Dhabi will have to alter its economic and growth priorities,…
'Qatar has flattened the curve, reduced virus impact by 75%'
Three months into the Covid-19 outbreak, Qatar has succeeded in flattening the curve and reducing the impact of the virus…
Foreign institutions sustain bullish run on Qatar bourse
Foreign institutions’ substantially stronger buying interests yesterday sustained the bullish run in the Qatar Stock Exchange for the fourth consecutive…
Oman to set up an investment authority to manage government assets – state TV
Oman is setting up the Oman Investment Authority to own and manage most of the country's sovereign wealth fund and…
Dubai Islamic Bank to revive Islamic bond deal postponed amid market turmoil – sources
Dubai Islamic Bank has revived plans to issue a U.S. dollar-denominated sukuk, or Islamic bond, sources familiar with the matter…
Kuwait plans to drastically reduce expat population
As COVID-19 and low oil prices continue to rattle Gulf economies, the Prime Minister of Kuwait, Sheikh Sabah Khalid Al…
Tunisia cbank allows resident firms to borrow from abroad in foreign currencies
The Tunisian Central Bank said on Thursday it would allow locally based firms to borrow from abroad in foreign currencies…