07/07/2020
Saudi Arabia’s 6-point plan to jumpstart global economy
The six-point plan, contained in a special report to the G20 leadership with input from 750 global business leaders
Alternative Investments
07/07/2020
Kuwait is locked in a heated debate over Future Generations Fund
Cutting off 10% annual payment to Fund will not help Gulf state by much
07/06/2020
Allianz SF rights issue 93.8% subscribed
The remaining shares total 2.495mln shares
07/06/2020
Network International forecasts 17-20% revenue decline in first half
The transition from cash to digital payments remains in high growth across our markets, where recent indicators point to an acceleration in this trend.
07/06/2020
Citigroup continues investments in EMEA region’s treasury, trade solutions
CitiBank has a team based in Saudi Arabia which is fully operational over a range of activities
07/06/2020
Turkey Stocks Up Amid Ban on Short-Selling by Foreign Banks
Authorities have already burnt bridges with foreign investors by drastically limiting their access to the currency and making it difficult for them to trade Turkish assets.
07/05/2020
Green finance is having a moment in the sun
More investors are signing up for, and chances are they will stick to these principles
07/05/2020
COVID-19 impact: More financial sector mergers likely in Saudi Arabia, GCC
Amidst economic challenges banks seek competitiveness, lower costs and capital boost
07/03/2020
Saudi wealth fund rethinks plan to change $10bn loan terms
Saudi PIF is holding off on plans to change $10bn loan terms after banks voice concern, sources tell Reuters.
07/03/2020
Saudi investors get chance to buy Amlak International shares
Still the coronavirus pandemic may impact the growth of the mortgage market in the Kingdom.
07/03/2020
Abu Dhabi's KBBO to come up with restructuring plan after taking a hit with NMC exposure
Plan intends to come up with ways that would also soothe creditors' concerns
07/03/2020
Greenberg Traurig advised joint venture in complex multinational closing
The Greenberg Traurig team was led by Jan Kees Brandse and Marijn Bodelier.
07/02/2020
Dubai homeowner businesses need to provide bank guarantees
This could reach up to 20% of a building's annual service charge budget
07/01/2020
Middle East expected to see more investment from China and east Asia, Savills says
Trade war between US and China could also impact how and where investments are made, according to experts
07/01/2020
Saudi insurance firms to benefit from fewer claims, but challenges ahead
Firms expected to report solid underwriting results for first half of 2020 - S&P
07/01/2020
Edita subsidiary obtains $8.2mln from Arab Bank
Loan will be used to finance the construction of an Edita factory in Morocco
07/01/2020
Dubai World Fulfils Obligations to Creditors Totalling USD 18.9 Billion
Repays Final Tranche 2 Years Ahead of Schedule
07/01/2020
Dubai GDP records 3.5% decline in first three months
But economy was still able to show ample resilience to COVID-19's worst effects
06/30/2020
Saudi’s Islamic Development Bank lists $1.5bn sustainability sukuk on Nasdaq Dubai
The AAA-rated sustainability sukuk is the first Covid-19 related sukuk in the global capital markets
06/30/2020
Qatar participates in 20th meeting of GCC Committee of Capital Markets Authorities
The 20th meeting also reviewed and exchanged views on the latest developments in the GCC capital markets.