12/27/2016
OAB Honours 51 Long Service Employees
Regarded as one of Oman’s employers of choice, OAB has a long-standing tradition of acknowledging and celebrating the dedication of its staff.
Alternative Investments
12/26/2016
QInvest and Maceen Capital sign strategic agreement
The agreement will allow Maceen’s existing clients as well as new qualified investors direct access to QInvest’s asset management and advisory platform
12/26/2016
GFH repays and fully settles $300m syndicated facility
“Today, GFH is a stronger, more liquid and highly capitalised Group and through our sound commercial and investment banking activities, we are set for a brighter future,” added Alrayes.
12/23/2016
UAE becoming a more organized region for interbank FX as bank board members and sheikhs skill up on risk and liquidity
The emerging exchanges have carved out a derivatives market niche in the Middle East, now it could well be the dawn of the alternative interbank dealers
12/23/2016
Kuwaitiʼs $107M loan for Panasonic purchase
The building achieved LEED Platinum Certification for its interiors and LEED Gold Certification for its core and shell.
12/22/2016
Dubai budget: emirate to boost infrastructure spending for Expo 2020
It anticipates a deficit of Dh2.5bn, representing 0.6 per cent of GDP.
12/22/2016
Accor snaps up $200m portfolio from Abu Dhabi Investment Authority
The portfolio includes the 250-room Ibis Melbourne and the 200-room Ibis Sydney Airport, as well as five Ibis Budget hotels in Sydney, two in Melbourne, and one each in Newcastle, Dubbo, Coffs Harbour, Canberra and Brisbane Airport.
12/22/2016
Ahli Capital Investment Company completes Issue of NIG’s Bonds ACapital Investment Company completes Issue of NIG’s Bonds
ACIC acts as the Bond’s Lead Manager and Subscription Agent while ABK is the Paying Agent
12/21/2016
Franklin Templeton Sees 2017 Bright Spot in Mideast Stocks: Q&A
His fund had a return of 4 percent in the past three months, compared with a loss for the MSCI Emerging Markets Index.
12/19/2016
Turkey eyes $70B trade with Middle East in 2017
Attar said that Turkey and Arab countries have strong relations with ongoing partnerships
12/19/2016
Aurecon plays key role in Dubai luxury hotel project
The company had earlier collaborated with Mirage on several previous developments within the Madinat Jumeirah Resort.
12/19/2016
Qatar's UDC, Commercial Bank ink $200mn deal to finance 'Al-Mutahidah Towers'
The project is expected to be completed in the fourth quarter of 2019
12/19/2016
Gulf Capital Closes Its Second Private Debt Fund Above its $250 Million Target
It is the Company’s 10th investment vehicle since its founding in 2006.
12/19/2016
Elaj Group achieves major step for growth after partially selling a stake in Al-Borg
It provides diagnostic tests primarily in the areas of clinical pathology, molecular biology and genetics through its diagnostic laboratory network across GCC and Africa.
12/18/2016
Saudi to boost the capital of its Industrial Development Fund
The added funding will help finance the kingdom’s entry into new industries
12/16/2016
Most markets fall after Fed rate hike; retail investors boost Saudi
This was no surprise to Gulf equity investors and banking system liquidity has actually shown signs of improving in parts of the region as oil prices have climbed.
12/15/2016
New Dubai projects boost realty outlook
An interesting aspect of the project is its vertical villas, an architectural concept gaining international popularity.
12/14/2016
Dubai's Meydan Group said to close $163m loan next week
Sources say developer will use the funds, arranged by Commercial Bank of Dubai, to finance a hotel project
12/14/2016
Dollar-hungry Turkey eyes Middle Eastern markets
As part of this drive to open up abroad and generate foreign exchange, the potential of Middle Eastern markets is remembered anew.
12/14/2016
CBB Sukuk Al-Ijara subscribed
The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.