Bahrain sells $2 billion in sukuk and bonds
Bahrain sold $2 billion in its second bond offering of the year on Wednesday, a dual-tranche issuance comprising seven-year sukuk,…
Hedge Funds & Alternative Investments
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Saudi Arabia squeezes Aramco as low oil prices roil state budget
The world’s biggest oil company is getting squeezed by its main shareholder, the Saudi Arabian government. Even with crude…
Methaq Takaful declines taking measures to acquire Eshraq Investments
Methaq Takaful Insurance Company reiterated that its board has not issued any approval on the acquisition of Eshraq Investments and…
Bahrain’s Bank ABC in talks to buy Egyptian unit of Lebanon’s Blom Bank
Bahrain-based Arab Banking Corporation, the kingdom's second-largest lender, said it is in talks to buy the Egyptian unit of Lebanon’s…
Oman will tap local and international debt to fill coffers
Oman will tap local and international debt markets to fill state coffers badly hit by low oil prices and the…
INJAZ Qatar announces winners of Mubadara 2020
Under the patronage of Minister of Education and Higher Education, H E Dr. Mohammed bin Abdulwahed Al Hammadi, INJAZ Qatar…
Neuberger Berman hires Executive Chairman and Head of Middle East and North Africa
Neuberger Berman has announced it has appointed Kaveh Samie as Executive Chairman and Head of Middle East and North Africa,…
Bahrain offers dollar bond, sukuk to plug growing budget gap
Bahrain started marketing a three-tranche dollar bond to help plug its budget deficit. The Gulf nation is selling benchmark-size…
Saudi Shura Council calls for health insurance for private sector retirees
The Saudi Shura (Consultative) Council has recommended the General Organisation for Social Insurance study various alternatives to facilitate private sector…
Qatar emerges as start-up capital of the Gulf region
Qatar, with massive investments in the process of economic diversification of the energy-rich economy, has established itself as the start-up…
Bahrain’s ABC says in preliminary talks to buy Blom Bank’s Egypt business
Bahrain’s Bank ABC said on Tuesday it was in preliminary talks to buy Blom Bank’s Egyptian subsidiary, pitting it against…
UAE rolls out new system to monitor and curb financial crimes
The UAE rolled out a new smart system named ‘Fawri Tick’ to monitor and curb terrorism financing in the country,…