Saudi investors get chance to buy Amlak International shares
Amlak International shares went on sale to the Saudi public on Thursday in what is the Kingdom’s first initial public…
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CIB obtains $100m support loan from CDC
The Commercial International Bank – Egypt (has announced it has signed an agreement to obtain a $100m support loan from…
Norton Rose Fulbright forced to quarantine Dubai staff after infection
Norton Rose Fulbright shut down its Dubai office for a fortnight after a staff member contracted COVID-19, but the firm…
UAE needs to bring in the ‘revenge’ spenders
On May 5, the Shanghai government introduced the “Double Five Shopping Festival”, scheduled to last for two months, providing mega…
Abu Dhabi's KBBO to come up with restructuring plan after taking a hit with NMC exposure
Abu Dhabi based investment group, KBBO, has appointed advisors to come up with a restructuring plan for its liabilities and…
UAE among most active countries in Middle East in providing economic incentives
The Ministry of Economy has said that the UAE is among the most active countries in the Middle East and…
Gulf’s betting big on banking consolidation, and it will pay off
GCC economies were moving towards more sustainable ways well before the COVID-19 pandemic struck. This was caused by the 2016…
Greenberg Traurig advised joint venture in complex multinational closing
Greenberg Traurig, LLP has represented a joint venture between Round Hill Capital and a Middle-Eastern sovereign wealth fund in the…
Citi targets more growth in Saudi Arabia after adding over 20 bankers in two years
Citigroup is planning to hire more bankers in Saudi Arabia for its direct custody business after adding more than 20…
Former Barclays CEO John Varley grilled on negotiations with Qatar in High Court
Private equity financier Amanda Staveley’s lawyers grilled former Barclays chief executive John Varley over his discussions with Qatari investors about…
Shock move comes as PM warns of ‘financial blockade to starve the people’
Salim Sfeir, chairman of the Association of Banks in Lebanon (ABL), said that US dollars will be supplied by the…
Pandemic prompts 'thousands of expats' to bid goodbye to Dubai
Thousands of British expatriates in the UAE have been rendered jobless by the impact of the covid-19 lockdown on the…