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
Inaugural $9.5m Emirates Loto Draw Rescheduled For April
First jackpot draw was due to take place on Saturday, tickets will be carried forward Read more
Lulu Exchange App Sees Surge In Downloads
LuLu Money has over 350,000 downloads to date, 15,000 of which were in the last 10 days Read more
Coronavirus: Bahrain Orders All Bank Notes To Be Disinfected
Central Bank of Bahrain has issued directive to all money changers in the kingdom Read more
Covid-19: Saudi Delivery App Raises Funds As Virus Lockdown Boosts Demand
Nana raised $18 million from investors including venture capital fund STV and Middle East Venture Partners Read more
Gulf Sovereign Wealth Funds Could Shed $300bn Amid Covid-19 Chaos
Hedge funds and private-equity firms on Wall Street could lose a substantial piece of business as Gulf funds channel wea... Read more
UAE Central Bank Orders ATMs To Be Replenished With New Banknotes
Banks also asked to sanitising all ATMs on a regular basis and provide disposable latex gloves Read more
Abu Dhabi Banks Announce 17 Incentives To Help Amid Coronavirus Outbreak
The move is designed to provide for the immediate needs of people and SMEs impacted by the coronavirus Read more
Abu Dhabi Increases ADDH's Portfolio, Rebrands As ADQ
Additional companies added to the renamed ADQ's portfolio include Abu Dhabi Securities Exchange (ADX) and Image Nation Read more
SoftBank Said To Have Held Talks With Mubadala, Elliott Management On Going Private
SoftBank instead decided to move ahead with a plan to sell assets to pay down debt and boost a share buyback Read more
Dubai-based World Investments Invests $258m In Australian Xinja Bank
World Investments already has significant equity holdings in banks across Europe and the Middle East Read more
UAE's Amanat Posts 40% Hike In Net Profit Despite Bahrain Hospital Losses
Amanat CEO says Royal Hospital for Women & Children is expected to become profitable in late 2020 Read more
Dubai's Wamda Leads $3.5m Funding In Games Developer Tamatem
Jordan-based Tamatem has grown to become the leading mobile games publisher in the Arabic-speaking market Read more
Irregularities Found Habib Bank's UAE Operations
Employees in some of Habib Bank's UAE branches helped certain customers disguise transactions by issuing pay orders in t... Read more
SoftBank Fund Said To Draw Investors For Hedge Fund-style Vehicle
Rajeev Misra, head of the Vision Fund, is said to have support from Abu Dhabi's state fund Mubadala and the government o... Read more