EBRD, EU help improve telecommunications services in Jordan
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing a financial package of up…
Comment & Analysis
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Saudi fund raises ownership stake in ACWA Power to 50%
The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, said on Thursday it has increased its stake in ACWA Power…
UAE’s Fruitful Day raises over Dhs3m to fund expansion
UAE-based fresh food delivery company Fruitful Day, has raised more than Dhs3m in investments, over two consecutive rounds of financing…
Turkish economy faces another year of turmoil
It has been a tumultuous year for Turkey’s economic management with a currency crisis and interest-rate volatility rattling investor confidence.…
Kuwait International Bank hires banks for dollar sukuk – document
Kuwait International BankKIBK.KW has hired banks to arrange investor calls starting on Wednesday for the planned issuance of Tier 2…
Bank Hapoalim Announces Third Quarter 2020 Financial Results
Bank Hapoalim has announced its financial results for the third quarter ended September 30, 2020. Key financial highlights: Net…
Abu Dhabi, Oman Trade Grows 38% To $1.24B In 2020
Reflecting the growing economic relations between the two countries, bilateral non-oil trade between the Emirate of Abu Dhabi and the…
Aramco bumper bond sale adds to record Gulf debt issuance
Saudi Aramco has started marketing a dollar-denominated bond sale as the world’s biggest oil company joins a slew of new…
How the region's payments market could fare in the next decade
The speed of economic recovery in the next few years will be crucial for the payments market in GCC and…
Turkey may need to deliver smaller rate hike: Morgan Stanley
Turkey may need to deliver a far smaller interest-rate increase than forecast by some of the biggest global lenders, according…
DFM achieves 97% compliance in listed companies’ disclosure of Q3-2020 results
Dubai Financial Market, DFM has announced that its listed companies have recorded a 97% compliance regarding the disclosure of Q3-2020…
Abu Dhabi leads most Gulf markets higher
Most Gulf markets rose on Monday, with Abu Dhabi leading the gains, buoyed by signs of economic recovery and additional…