Could Gulf Remittances Increase After Indian Rupee Hits Downward Spiral?
NRI remittances to India, especially from the Gulf region, normally see a spurt whenever rupee value plunges against the... Read more
US Sanctions To Beirut Port Blast: Key Moments In Lebanon's Economic Downfall
Less than a decade ago, Lebanese banks were the crown jewel of the economy. Today they are in crisis. What went wrong? Read more
Israel's Two Biggest Banks Sending Delegations To UAE
Representatives from Bank Hapoalim Ltd and Bank Leumi le-Israel Ltd to travel to the UAE this month Read more
World Bank Cancels Loan To Fund Controversial Dam Project In Lebanon
Bisri Dam was partially suspended in June after the World Bank said it raised concerns about the project's implementatio... Read more
Saudis Voice Concerns About Higher Taxes, Rising Costs
Euromoney virtual investor conference is dominated by Saudis anxious about higher taxes and rising costs Read more
Dubai Says To Continue Infrastructure Spending After $2bn Bond Issuance
Investors rush to invest in Dubai as order book for gov't bond and sukuk is five times oversubscribed Read more
Oman Mulls VAT Move After January 2022 To Shore Up Finances
A joint committee of the State Council and Shura Council suggests time frame and sends draft law for approval to Sultan ... Read more
$8.8bn Wiped Off Lebanon's Foreign Assets As Crisis Deepens
Banker raises doubts over Central Bank's artificial minimum threshold Read more
US VC Fund Village Capital Looks To Invest In UAE Tech Start-ups
UAE early stage ventures could get investments to the tune of $500,000 to $2 million via MetLife Foundation Impact Fund Read more
UAE Commodities Firm Shuts Trading Desks After Coronavirus Blow
Sources say GP Global Group decided to stop trading commodities from energy to agriculture after banks withdrew credit l... Read more
Saudi Chemical Giant To Tap Bond Market For $1bn
Saudi Basic Industries Corp loses $592m in the second quarter as the coronavirus pandemic hit economies across the globe Read more
Dubai's DP World Confirms $4.5bn Investment Deal For Ports
Port operator says that despite Covid-19 it is well positioned to face the current challenges experienced by the industr... Read more
Abu Dhabi Completes $5bn Bond Issue To Support Non-oil Expansion
Abu Dhabi Department of Finance chief hails success of issuance in midst of coronavirus crisis Read more
UAE's Largest Lender Set To Start Talks On Israeli Banking Tie-ups
First Abu Dhabi Bank says to talk with Bank Hapoalim and Bank Leumi to forge cooperation in the financial sector Read more
Gulf Investor With $540m In Cash Says M&A Spree Not Over
IHC shares have soared more than 500% in 2020, giving the company a market capitalisation of about $19bn Read more