08/08/2018
Saudi Aramco, Malaysia's Petronas tap banks for jumbo financing - sources
The two firms issued a request for proposals to banks last month and are now in preliminary discussions for a self-arranged loan
Alternative Investments
08/07/2018
Dubai financial firm Shuaa proposes first dividend payment for 10 years
Shuaa Capital posts a 21% jump in Q2 net profit while quarterly revenues also increase
08/06/2018
Asset manager Fidelity International to launch in DIFC
Free zone recorded 17 per cent rise in number of registered financial institutions in H1 2018
08/06/2018
United Arab Bank secures $185m funding
Both facilities have a 1-year extension option at the end of the two-year term
08/05/2018
United Arab Bank concludes $185m financing
Proceeds of the facility will be used for general corporate purposes and the refinancing of an existing syndicated facility
08/05/2018
Kushner family strikes deal with major real estate firm
Jarad Kushner's family have finally escaped a crushing debt by selling building
08/03/2018
Saudi hastens Vision 2030 with debu tloan from sovereign wealth fund
Requests for proposals to participate have been widely distributed, with the deadline passing on Wednesday
08/02/2018
Turkey ETFs in trouble
The government’s ultra-loose policies (both fiscal and monetary through Erdogan’s control of the central bank) have been labelled unsustainable, leading to a build-up of vulnerabilities within the Turkish economy.
08/02/2018
ADSS expands legal team with new hires in the Middle East
ADSS will also welcome Hannah Chow, an Australian qualified lawyer with extensive experience working on general commercial, corporate, IP, technology, media, regulatory and compliance matters.
08/02/2018
Confidence in investment in Kuwait gets fillip from KIF
Kuwait has also witness improvement in its position in many key international indicators
08/01/2018
Saudi sovereign wealth fund in bank talks for debut loan
Vehicle tasked with cutting country’s reliance on oil has interest from banks
08/01/2018
Banks weigh on Saudi and Dubai, as Qatar rebound continues
Investors have been cautious about valuations for top companies in the Saudi market in recent months after a near 15 percent rise in the index this year.
08/01/2018
Funds' confidence in UAE equities returning, bullish on Kuwait
Dubai-based Abraaj filed for provisional liquidation in the Cayman Islands in June after a dispute with international investors over how it used their money in a $1 billion healthcare fund.
07/31/2018
Shuaa Capital to boost foothold in Saudi Arabia, Kuwait, Egypt
Partnership with JODC is aimed at locating investment opportunities in the Saudi real estate market
07/30/2018
Egypt gets most of IFC’s record $2.4b financing for Mena
The World Bank’s member financed projects worth $1.3b in Egypt, making it 46% of the total investments made in the Middle East
07/30/2018
KAMCO issues KWD 40 million bond
The bond comprises of two tranches, fixed interest bonds with an interest rate of six per cent as well as floating interest bonds capped at seven per cent per annum.
07/27/2018
Dubai’s ICD says to buy stake in Corporación América Airports subsidiary
Sovereign wealth fund agrees deal to buy 25 per cent of airport operator
07/26/2018
Eagle Hills Diyar Partners With Khaleeji Commercial Bank to Provide Financing Solutions for Marassi Al Bahrain Customers
The agreement was signed by Managing Director of Eagle Hills Diyar, Dr. Maher Al Shaer and the CEO of KHCB, Mr. Sattam Sulaiman Algosaibi.
07/26/2018
Kuwait's Agility bid for part of Abraaj's investment business
Agility submitted an "acquisition offer" for part of the Abraaj business, according to an extract of a letter dated June 19 and seen by Reuters.
07/25/2018
Bahrain’s Bank Alkhair sells stake in Turkish investment firm
The lender received approval to transfer its 95.79 per cent shareholding of Alkhair Capital to Ankara-based A1 Capital