Finablr Appoints US Investment Bank As Independent Financial Advisor
Earlier in April, Finablr also announced that it appointed former Network International CEO Bhairav Trivedi as CEO Read more
Emirates Airline Said To Seek Billions In Loans, In Addition To Govt Support
Dubai government last week to shield the Emirates airline with new equity Read more
Covid-19: Bahrain To Support 100,000 Citizens In Private Sector With $570m Relief Package
Employers can apply for assistance for the aid via an online portal that has been launched Read more
Coronavirus: Abu Dhabi Announces $4.1bn Tenders For Local Businesses
Abu Dhabi Local Content programme includes 1,244 tenders, aimed at boosting productivity and strengthening supply chain... Read more
UAE-based NMC Heads To Administration After Bowing To Creditor Demands
Most of NMC's senior management has resigned since it revealed more than $4 billion of undisclosed debt. Read more
Saudi Wealth Fund Builds $200m Stake In Norway's State Oil Company
Equinor shares slumped just over 30 percent this year before rising 18 percent last week Read more
Kuwait's Stimulus Package Offers $16.5bn In Additional Lending, KBA Chairman
Adel Al-Majed has said the global crisis posed by coronavirus is worse than the financial meltdown of 2008 Read more
Dubai Islamic Slumps As NMC Exposure Risks Wiping 45% Of Profit
Dubai-based bank had about $425m of exposure at the end of March, while NMC owed its subsidiary Noor Bank about $116m Read more
Saudi-backed Augmented-reality Start-up To Explore A Sale
Saudi Arabia's sovereign wealth fund PIF among Magic Leap's big name investors Read more
Video: India Is Promised $1 Billion To Fight Covid-19 Pandemic As Deaths Rise
The World Bank has pledged one billion dollars to India to help tackle the coronavirus pandemic there. The city of Mumba... Read more
Dubai Islamic Bank, Noor Bank Exposure To NMC At $541m
Abu Dhabi Commercial Bank has requested NMC be placed in administration Read more
Abu Dhabi Commercial Bank Requests NMC Be Placed In Administration
Embattled NMC has said such a move would endanger lives during coronavirus pandemic Read more
Dubai Chamber Donates $2.7m To Coronavirus Solidarity Fund
Chamber has already received a 'considerable number' of pledges from multinationals and family businesses in the emirate Read more
NMC Health Executive Chairman Calls For Patience From Creditors
NMC board has appointed PwC to advise on liquidity and operational matters Read more
NMC Convertible Bondholders Tap PJT Ahead Of Debt Restructuring
PJT is advising a group of investors in NMC Health's $360 million of convertible bonds due 2025 Read more