Middle East Inks $25bn Of Deals Defying Covid-19 Gloom
Sovereign wealth funds including Saudi Arabia's Public Investment Fund are deploying billions of dollars to buy stakes i... Read more
ECB's Lagarde Says 'probably Passed Lowest Point' Of Economic Crisis
European Central Bank chief Christine Lagarde said the hardest hit industries - such as airlines, hospitality and entert... Read more
Saudi Bank NCB Plans $15.6bn Takeover Of Rival Samba
The combined bank would have total assets of about $210 billion, making it the third largest in the region Read more
Abu Dhabi-based KKBO Said Set To Hire PwC, Trussbridge To Restructure Debt
KBBO, a privately-held investment firm with assets in healthcare and finance sectors, also plans to appoint a chief rest... Read more
Saudi's Samba Group CEO Expects U-shaped Recovery After 'triple Jeopardy' Of Crises
Samba Financial Group CEO Rania Nashar expects a fully recovery by the end of 2021 Read more
Credit Suisse Hires New CEO For Saudi Commercial Bank Unit
Credit Suisse is expanding after receiving a full banking license for the kingdom in April 2019 Read more
Emirates NBD Said To Slash Workforce By As Much As 10%
In a statement, the bank said it had been severely impacted by the impact of the Covid-19 pandemic Read more
Oman Offers Emergency Interest-free Loans For Firms Hit By Virus
The Gulf nation has already trimmed its budget spending and announced liquidity support Read more
Abu Dhabi's Adnoc Sells $10bn Stake In Pipelines To GIP-led Group
Infrastructure has been one of the few bright spots for dealmakers since the coronavirus outbreak led to a sharp downtur... Read more
Covid-19 Will Accelerate Digital Banking, Says National Bank Of Bahrain CEO
National Bank of Bahrain CEO Jean Christophe Durand said that traditional banking branches will have little room to expa... Read more
Ex-Abraaj Exec Sev Vettivetpillai Cooperating With US Authorities, Agrees To Extradition
Abraaj founder Arif Naqvi's extradition hearing began on Monday Read more
Top Dubai Executives Earned Over AED3m Each In Salaries And Bonuses In 2019
Latest filings from DFM show payments made Read more
Emirates REIT Asks For Identity Of Traders On Suspicious Trades
In May, Emirates REIT said it found evidence of irregular trading activity by certain market participants Read more
Extradition Hearing Of Former Abraaj CEO To Start In London
US authorities want Arif Naqvi to stand trial in America on charges of fraud and money laundering Read more
Mubadala Eyeing More Tech Investments After Jio Platforms Stake
Abu Dhabi fund looking at India, China and Southeast Asia for possible investments, says CEO Khaldoon Al Mubarak Read more