SoftBank Vision Fund faces billions in debt payments that could eat into cash, analysts warn
SoftBank’s use of risky debt to fuel its tech powerhouse Vision Fund will leave it paying its Middle Eastern investors…
Hedge Funds & Alternative Investments
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Banks in Bahrain warned against wage funds misuse
Banks have been warned against misusing funds deposited by the government to pay wages of Bahraini employees in the private…
Kuwait Syrian Holding posts 40% lower loss in 2019
Kuwait Syrian Holding Company’s net losses totalled KWD 345,017 ($1.11 million) in the fiscal year (FY) 2019 when compared to…
UAE banking sector resilient because of government support
Resilience - this was the key word and highlight of the UAE banking sector outlook report that was released at…
$7bln Saudi bond sale oversubscribed – MoF
Saudi Arabia’s Ministry of Finance announced that the kingdom’s bond sale to raise $7 billion has been heavily oversubscribed. …
Trade Bank of Iraq announces $3bn capital boost
Trade Bank of Iraq has announced a major hike in its capital for 2020 which has risen to $3 billion…
BlackRock AUM drops CHF 1tn, with long-term outflows in EMEA
Blackrock’s long term products suffered outflows of $18.7bn (CHF 18.2bn) in Q1 2020, of which $10.6bn (CHF 10.3bn) was from…
Saudi Aramco in talks with banks to borrow about $10 billion for acquisition of 70% stake in SABIC: Report
Saudi Aramco, the world’s largest oil producer, is in early talks with banks for a loan of about $10 billion…
Saudi Arabia starts selling three-part bonds
Saudi Arabia started marketing on Wednesday a three-part dollar bond deal, a document showed, as the world’s biggest oil exporter…
A perfect storm for Middle East oil importing countries: IMF
The outbreak of COVID-19 across the region is turning out to be a perfect storm for oil importing countries of…
Legal challenge seen in rush to cut pay in Kuwait
Among supporters and opponents of the idea of reducing salaries and benefits for senior officials in private sector as a…
UAE advisers split on game changing regulation
The UAE financial advice sector is set for its biggest regulatory shake-up but not everyone thinks this will be a…