Syria is ready to court investors, but Europe wants to prevent that
As Syria courts investors to rebuild its war-shattered cities, it may find a fresh round of European sanctions standing in…
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Dubai Islamic Bank successfully closes AT1 Perpetual Sukuk
Dubai Islamic Bank, rated A3 by Moody's (stable) and A by Fitch (stable), successfully closed a USD 750 million Additional…
HSBC earns most investment banking fees
Middle Eastern & North African investment banking fees totalled an estimated $1.1bnn during 2018, 4 percent more than the value…
Jury to hear groundbreaking charges against top UK bankers
More than a decade after Barclays turned to Middle Eastern investors for rescue funds during the financial crisis, a jury…
UAE workers facing retirement time bomb
Workers across the Middle East are potentially sleepwalking into poverty in their retirement because they are too reliant on the…
Egypt postpones $6.6bn repayment to Saudi Arabia
The Central Bank of Egypt yesterday announced the postponement of the repayment of three Saudi deposits worth $6.6 billion for…
Heera Ponzi scheme victims welcome charge sheet against CEO
Heera Group Ponzi scheme victims in the UAE have welcomed the charge sheet filed against the company’s CEO in India…
Qatar wealth fund eyes stake in Deutsche Bank
Qatar Investment Authority’s chairman suggested Deutsche Bank is among the major German companies the sovereign wealth fund is talking to…
Traded value falls on Dubai bourse
Traded value fell by a half on Tuesday amid waning interest from speculators as Dubai index continued its losing streak…
2019 may be a ‘banner year’ for UAE markets
First Abu Dhabi Bank expects the UAE equity markets to rally in 2019, boosted by a weaker dollar, higher oil…
Bahrain got first funds from Gulf aid last year – c. bank governor
Bahrain has received the first instalment of a $10 billion aid package pledged by its Gulf allies last year, its…
Two Gulf Banks Close to Deciding on Mega Merger
Kuwait Finance House and Bahrain’s Ahli United Bank BSC’s boards will meet this week to consider valuation reports on a…