Kuwait Fund Sues London Boss Who 'blew' Budget On Bonuses
Kuwait Investment Authority has filed a claim for $1.3m in damages related to salaries and bonuses Read more
Standard Chartered Bank Appoints New Saudi CEO
Standard Chartered Bank was awarded the licence to setup a banking branch in Saudi Arabia in 2019 Read more
UAE Shoppers Taking Advantage Of 'buy Now, Pay Later' Platforms
Fintech start-ups flourishing during Covid-19 pandemic as alternative options for businesses and consumers in increasing... Read more
Abu Dhabi's Mubadala Invests $150m In US-based Wood Pellet Firm Enviva
Enviva completed the recapitalisation of the company, raising more than $1 billion in new and incremental equity Read more
Saudi Car Rental Firm Theeb Hires Fransi Capital For IPO
The IPO could happen next year, depending on how quickly the company recovers from the impact of the coronavirus outbrea... Read more
Saudi's SRC To Issue Domestic Sukuks With $1.3bn Funding Target
Company is also looking to attract 'significant amount' by tapping international markets Read more
Middle East Suitor For Crisis-hit Hyflux Submits Binding Offer
Under the terms of the offer, debts owed to unsecured creditors, bondholders and trade creditors will be exchanged into ... Read more
FDI At Saudi Arabia's King Salman Energy Park To Exceed $2bn
Upon completion SPARK will add SAR22bn annually to Saudi Arabia's GDP by 2035 Read more
Mashreq Reports Drop In First-half Profit Amid 'tough Operating Environment'
Covid-19 pushed the impairment allowances to increase in the second quarter of 2020 massively affecting half yearly prof... Read more
Saudi Arabia Explores Income Tax, Privatisation To Boost Finances
'Saudi Arabia is not in austerity and we are not getting into an austerity phase,' said Finance Minister Mohammed Al Jad... Read more
UAE Asset Manager To Start ETF Trading In Dubai And Abu Dhabi
The ETF will have two different share classes that will track a Shariah-compliant index compiled from stocks listed on t... Read more
UAE Energy Trader To Restructure Finances Following Oil's Crash
GP Global said it has been 'targeted by vested interests' spreading rumours about its financial standing Read more
Emirates NBD Receives Approval To Double Foreign Ownership Limit
Dubai's largest bank earlier reported a 45% slump in first-half profits Read more
Survey Reveals Trust In UAE Banks On The Increase
UAE banking sector has higher trust rating than US, UK, China, Japan, France and Germany Read more
Emirates NBD Reports 45% Slump In Profit After $1.1bn Provisions
Emirates NBD continues to have a good underlying operating performance, said CFO Patrick Sullivan Read more