Saudi Aramco hires Moelis for historic $2 trillion flotation
Oil titan Saudi Aramco has reportedly hired investment bank Moelis to work on its stock market flotation, which is set…
Hedge Funds & Alternative Investments
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Dubai Islamic Bank sets final guidance at MS+ 175 bps area for five year sukuk leads
Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, has set final pricing guidance for its planned…
Iran's State-Owned Insurer Launches Bank Bid to End Woes
Iran Insurance Company, the country’s biggest insurer, has come up with measures to boost its solvency, including plans for purchasing…
Turkey hiring senior bankers to run wealth fund
Turkey is seeking to recruit senior bankers to help run the country’s newly-established sovereign wealth fund, according to people with…
Sukuk market remains inactive in the Gulf
Sukuk issuance was muted last year and, contrary to some market commentators, S&P Global Ratings does not believe this was…
London third-biggest residential property market for Middle Eastern wealth
When it comes to balancing risk and reward in real estate, cities in Europe, South East Asia and Mediterranean fit…
Credit insurer Coface expects easing in payment delays in Saudi Arabia
Payment delays in Saudi Arabia should ease gradually in 2017 after recent payouts by the government to companies, particularly builders,…
Last plot of land in Dubai's JBR to get $272m luxury tower
Dubai Properties on Sunday awarded the main construction contract for the $272 million (AED1 billion) 1/JBR, a 46-storey luxury tower…
Kuwait’s Equate set to issue $750 million seven-year sukuk
Kuwait’s Equate Petrochemical will issue a $750 million, seven-year sukuk early next week, company representatives told investors on Sunday during…
White & Case advises Investment Corporation of Dubai on $1 billion issuance of Trust Certificates
The trust certificates, which were issued in a single tranche maturing in 2027, were offered pursuant to Regulation S and…
South Korea in CPEC
The China-Pakistan Economic Corridor offers huge business and investment opportunities to all countries and global institutions. Since the project…
Top recipient of UAE remittances
Money flows from the UAE continued to increase in 2016 despite weak economic growth and low oil prices, transfer operators…