06/05/2020
Saudi billionaire prince sells iconic Norfolk in Sh2.8bn deal
The two hotels came to the limelight last week after the management announced it was firing all the employees, citing the effects of the Coronavirus pandemic.
Alternative Investments
06/04/2020
Dubai property prices are just 10.4% away from 2009 levels
Property Monitor Dynamic Price Index revealed prices are down almost 30% since peak of 2014
06/03/2020
First Abu Dhabi Bank sells $500mln in Formosa bonds
30-year Formosa bonds which had a 0% coupon
06/03/2020
Sharjah sells $1bln 7-year dollar sukuk
It gave an initial price guidance of around 275 basis points over midswaps for the sukuk
06/03/2020
SABB named ‘Best Trade Finance Bank’ in Saudi Arabia
SABB remains the trade provider of choice in Saudi Arabia as evidenced by market share.
06/02/2020
Life insurance top priority for UAE residents after Covid-19
46 per cent of UAE residents had indicated that life insurance is more important than before Covid-19
06/02/2020
Bank of Sharjah PJSC announces the successful issuance of AED 2 billion in Sukuk Trust Certificates for the Government of Sharjah.
Issuance of Government of Sharjah AED 2,000,000,000 Trust Certificates due 2021
06/02/2020
Investcorp closes €318m fund to invest in European senior secured loans
The Mount Row Credit Fund will focus on sectors and businesses that are less likely to be affected by Covid-19
05/31/2020
Initiative to promote private investments in Bahrain's government land
The main aim of the new initiative is to ensure successful collaboration between the private and public sectors
05/31/2020
EMEA fixed income investors bid on ESG for superior returns
EMEA investors have the highest proportion of investments covered by ESG considerations
05/31/2020
France's Natixis enters Saudi Arabia to expand regional footprint
The bank will offer investment banking and capital market products to clients from its Riyadh office
05/29/2020
Amlak Finance unable to complete debt restructuring agreement
"While 26 of the company's financiers have signed the said agreement, in return, one financier has abstained to sign it. Accordingly, agreement cannot be executed," company said
05/28/2020
Investcorp raises $372mln to invest in Italy's NPL market
Fund will be used to acquire loans at 'significant' discounts
05/28/2020
Virus pressure tests Saudi Arabia reforms as Aramco has Forbes debut
Saudi Aramco debuted on the prestigious Forbes list after completing the world’s largest initial public offering last year
05/28/2020
UAE property owners beware - Developers reclassifying projects will cost them
Delays on 'hotel apartment' projects will expose buyers to high VAT payouts
05/27/2020
Qatar SMEs seen continuing on ‘path of success’ after Covid-19
From a short term perspective, Engels highlighted that the health of employees and customers has the highest priority.
05/27/2020
World's top 2,000 list includes 40 Arab companies; Aramco ranked 5th
Saudi Aramco is currently the most profitable company worldwide
05/26/2020
Dhaka project to aid SMEs in Bahrain on way
Around 500 Bangladeshis own commercial registrations for SMEs in the service, trading and general maintenance sectors in Bahrain
05/26/2020
MENA countries score high in G20 low carbon project investment
Although Middle East leads in the production of global oil and gas, it was identified as the second most popular region, for low-carbon investment by G20 respondents.
05/26/2020
Qatar tops GCC sovereign issuances in Q2: NBK
Qatar accounts for $10bn of the total $24bn GCC sovereign issuances; country issuances in three tranches with maturities ranging from five to 30 years