Saudi Wealth Fund Is Said To Repay $10bn Bridge Loan
Loan taken last year ahead of $70bn sale of stake in Saudi Basic Industries Corp Read more
Premier League Chief Opens Up On Saudi-funded Failed Newcastle Bid
PCP Capital Partners' largely Saudi-funded $445 million bid to buy the Premier League club collapsed recently Read more
Dubai's Shuaa Pauses Some Deals As Virus Causes Strategic Shift
Shuaa Capital is focused on its main businesses and on becoming more efficient, chief executive officer Jassim Alseddiqi... Read more
Munich Re Among Reinsurers Exposed To 'major' Beirut Blast Loss
Property damage alone from the blast, which killed more than 150 people and triggered the collapse of Lebanon's governme... Read more
State Street Opens Saudi Office As It Expands Into Middle East
The Boston-based financial-services firm is entering Saudi Arabia as part of its plans to boost its presence in the Midd... Read more
Emirates NBD In Talks To Buy Lebanese Bank's Egyptian Business
Discussions are ongoing and there is no certainty that a deal will be completed, Dubai-based Emirates NBD said Read more
Shuaa Capital Reports $72m Profit For Q2
Shuaa said its operating businesses, asset management and investment banking showed a strong recovery in profitability i... Read more
Emirates NBD Says Upgrade Issues Have Been 'resolved'
Customers have been without online banking facilities since last week Read more
Kuwait Pension Fund Plans To Triple Infrastructure Investments
Kuwait pension fund will also 'slightly increase' investments in hedge funds and real estate Read more
Dubai Businesses Return To Growth First Time Since Virus Struck
Businesses in Dubai are benefiting from the lifting of lockdown restrictions, with foreign visitors allowed to enter the... Read more
Egypt, EIB Plan Financing Worth $1.3bn For The Transportation Sector
Funding will go towards rehabilitating a tram line and a railway line in Alexandria and a line in Cairo's underground me... Read more
Emirates NBD Apologises After Upgrade 'teething Issues' Causes Service Chaos
Bank customers have taken to social media to demand answers after being unable to access online banking over the weekend Read more
UAE Central Bank Unveils Further Measure To Boost Banks' Capacity
Central Bank of the UAE said this easure will support the implementation of the already adopted TESS measures worth AED2... Read more
Bahrain's Investcorp Posts $165m Loss, Targets 50% AUM Growth
Investcorp 'committed to advancing our growth strategy and reaching $50 billion in AUM over the medium term' Read more
Byblos Bank Reports First Annual Loss Since 1963
'Dramatic factors' in Lebanon blamed for the $122m loss reported for 2019 Read more