LPC-Gunvor Signs US$1.39BN Loan Refinancing
Swiss energy commodity trader Gunvor Group has signed a US$1.39bn revolving credit facility that will be used for general corporate…
Comment & Analysis
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SoftBank Tipped For $25BN KSA Investment In ‘Unique’ Deal
SoftBank’s reported plan to invest $25 billion in Saudi Arabia would be a “unique” move, a Riyadh-based economist has said.…
Qatar Visitor Arrivals Plunge 55pc
Visitor arrivals to Qatar plunged 55 per cent between May and June, and were still down 55 per cent year…
Bounced Cheques In UAE: New Rules 'A Progressive Step For The Justice System'
Financial and legal experts in the UAE called the decision by Dubai Courts to issue fines instead of jail sentences…
Turning Lebanon into another failed state
In the 1960s and early 1970s, Lebanon was called “Switzerland of the East”, which carried economic, political and cultural significance. …
Turkey Facing Economic Crisis in 2018, Global Asset Manager Warns
High inflation in Turkey and a surge in foreign borrowing by its banks could plunge the country into crisis as…
Saudi Expat Exodus Continues With More Than 300,000 Leaving The Kingdom
Hundreds of thousands of expats have left Saudi Arabia since the start of the year, with more than a thousand…
Nabil Habayeb leads Forbes Middle East top 100 executives list
Forbes Middle East has unveiled its ‘Global Meets Local—Top 100 Executives in the Arab World' ranking, which is topped Nabil…
Kuwait to study Saudi accounts after arrests: sources
Kuwaiti lenders have been told by the central bank to provide account details relating to some Saudi nationals, sources familiar…
Project spending to support Bahrain’s non-oil growth
Bahrain’s non-oil growth will be steady at three to four per cent per year thanks to elevated investment spending, particularly…
Dubai Triples Fintech Investment And Launches US$100M Fund
Dubai’s plans to rival London as one of the world’s largest fintech centres have been boosted with a commitment to…
5G is on the way in Oman- but not before 2020
Omantel, the leading telecom provider in the Sultanate, and Ericsson have successfully conducted a live 5G showcase at Omantel’s head…