CapitaLand’s Ascott partners Qatar Investment for $600m fund
The Ascott Limited, the wholly owned serviced residence business unit of CapitaLand, Monday said it had entered into a 50:50…
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GCC markets outperform global peers
Most GCC markets rallied in the second quarter of 2015 (Q2, 15), led by a strong performance by the UAE,…
Menacorp hires Bahrain Financial Exchange's ex-CEO as new Executive Director
Menacorp has announced the appointment of its new Executive Director, Arshad Khan, who left his position as Chief Executive Officer…
UAE increases Investments in Egypt sixfold in Q1 – CBE
The United Arab Emirates has boosted its investments in the Egyptian market six times in the first quarter of 2015,…
Dubai achieved goal to become capital of Islamic economy: Mohammed
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, …
Saudi bank NCB posts 2.6 pct drop in net profit, misses forecasts
Saudi Arabia's National Commercial Bank, the kingdom's largest lender, posted a 2.6 percent fall in second-quarter net profit on Thursday,…
UAE stock market regulator chief set to retire
The chief executive of the United Arab Emirates stock market regulator, Abdullah al-Turifi, is set to retire, four sources familiar…
Clifford Chance advises on SBG's sukuk re-financing
Leading law firm Clifford Chance advised on Saudi Binladin Group’s sukuk re-financing of one of the phases of the on-going…
Dubai plans new sukuk channels as listings top other centres
Dubai has overtaken other financial centres in listing Islamic bonds on its exchanges, and is mounting a global drive to…
Moody's and Fitch assign IBQ investment grade status
International Bank of Qatar has received investment grade credit ratings of "A2" and "A+" assigned by Moody's and Fitch respectively.…
Goldman Sachs, QNB said to lead Travelex buyout debt refinancing
Goldman Sachs Group and QNB have been hired to raise $1bn to refinance debt that a UAE-based entrepreneur used to…
Iraq to tap retail investors in $5 bln domestic bond offer
Iraq’s government plans a domestic issue of $5 billion worth of bonds starting in the fourth quarter of this year…