The risks of doing business with Iran
Investors should be extremely cautious about doing business with Iran. Having assisted numerous profitable international companies in the region, …
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Abu Dhabi Financial Group lifts stake in Noble
A fund controlled by the Abu Dhabi Financial Group has increased its stake in Noble Group, the crisis-hit commodity trader,…
Gulf Navigation looks to issue $250mn sukuk for expansion
Gulf Navigation Holding, a Dubai-based ship builder, has hired First Abu Dhabi Bank to manage a US$250 million sukuk issuance…
Jared Kushner Tried To Get Qatari Billionaire To Invest In Midtown Tower: Report
After failing to secure financing for a Midtown Manhattan office tower from Chinese and — allegedly — Russian investors, the…
Tillerson arrives in Kuwait to push for Qatar resolution
US secretary of state Rex Tillerson will visit the UAE, Saudi Arabia and Qatar after a meeting with Kuwait’s top…
Saudi, UAE banks stand to lose if they cut financial ties with Qatar
Banks in Saudi Arabia and the UAE will be “materially impacted” should the Gulf Cooperation Council decides to sever financial…
Al Ahlia IPO opens for subscription
Al Ahlia Insurance Company has opened its initial public offering for subscription. This will be the first public issue on…
Saudi British Bank selects Bolero electronic trade document solutions
The Saudi British Bank has chosen Bolero International’s electronic trade document solutions for its corporate clients. According to Bolero,…
Qatar's central banker boasts $340B in reserves, says country not worried about the current boycott
The governor of Qatar's central bank believes the country's economy will be able to fully withstand any financial shocks brought…
Oman Arab Bank selects Finastra
Oman Arab Bank has committed to deploy FusionBanking Essence from Finastra in each of its 65 branches and representative offices…
Contraction in Saudi growth seen slowing pace fiscal reforms
Slowing economic growth in Saudi Arabia is expected to challenge the pace of fiscal reforms as the real GDP of…
Iran, Turkey mull free trade plan to boost cooperation
Iran and Turkey are mulling a plan to achieve free trade between the two countries based on an earlier agreement…