Qatar Said to Target First Quarter for $9 Billion Bond Sale
Qatar is planning to tap the debt market in the first quarter for about $9 billion to finance its budget…
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Saudi Aramco working to raise loans
Saudi Aramco is working to secure billions of dollars in cheap loans from banks seeking to strengthen their ties with…
Oman raises $6.5bn from 3-part bond sale to bridge gap
Oman raised $6.5bn from a bond offering as the Middle East’s biggest non-Opec producer seeks to bridge a budget deficit.…
Italy and Iran to sign $5.97bln investment agreement- Treasury source
Italy and Iran will on Thursday sign a framework credit agreement worth 5.0 billion euros whereby Rome will help Italian…
Central Bank of Bahrain Approves Ithmaar’s Dubai Listing
The CBB’s approval follows an earlier announcement that the United Arab Emirate’s Securities and Commodities Authority had approved the listing.…
In search of mansions
Dubai saw of the priciest villa transactions happening in the secondary market last year. The total luxury villa sales…
Lack of local tourism options drives spending on short vacations abroad
Kuwaitis’ spending on short vacations abroad leads to draining their resources and savings, especially for families with limited income, a…
S&P says GCC bank profiles to stabilise in 2018
The financial profiles of GCC banks are set to stabilise by the second half of 2018 as they absorb the…
ADIB appoints Sami Al Afghani as Global Head of Wholesale Banking Abu Dhabi
Al Afghani holds over 30 years of experience in the banking sector and brings to ADIB extensive knowledge in corporate…
S&P report sees financial stability in Gulf, except for Qatar
After two years of significant pressure, banks in the Gulf Cooperation Council except Qatar, can look forward to a period…
Crealogix to buy Innofis to establish presence in Middle East market
Crealogix, a Switzerland-based provider of digital banking solutions, has agreed to acquire Barcelona-based Innofis, which delivers digital solutions to banks…
UAE tech growth prompts firms to review internal IT security
As IT becomes more prominent in the UAE economy, more and more internal connections between people and systems are created,…