ENOC Secures $690m Loan From Chinese Bank Consortium
The members of the consortium are China's top three banks in terms of size, assets and profits Read more
Investcorp Acquires 11 US Multifamily Properties $370m Deal
Bahrain's Investcorp said deal is largest US real estate portfolio acquisition completed in the past decade Read more
Nepal Bans Chinese Digital Wallets Alipay, WeChat Pay
Nepal Rastra Bank issued a notice on Monday, banning the use of the Chinese digital payment platforms popularly used in ... Read more
Dubai Tribunal Affirms Royal Shield Licence Withdrawal
The DFSA withdrew the licence on the grounds that the firm is 'no longer fit and proper' to hold DIFC financial services... Read more
Most Bullish Forecaster Sees Indian Rupee At 67 On Modi Return
The rupee rallied the most since December on Monday as stocks hit a record high after exit polls signaled Modi's return ... Read more
Ajman Bank, Rasmala Ink $90m Deal For UAE Real Estate Portfolio
New entity Makaseb Real Estate Investments completes first transaction to buy UAE logistic and residential assets Read more
Look Who's Talking: The Gulf's $1trn Bank Merger Bonanza
More than 20 Gulf financial institutions with total assets exceeding $1 trillion are in merger talks Read more
Dubai Free Zone Waives $9.5m Fines For Firms Amid Tolerance Push
Jebel Ali Free Zone says it will waive fines owed by its businesses as part of the Year of Tolerance initiative Read more
Developers Secure $1bn Financing For Sharjah Power Project
Financing has been secured for the 1.8 gigawatt Hamriyah Independent Power Company in Sharjah Read more
Saudi Arabia's Central Bank Fines 16 Banks For Violating 'responsible Finance Principles'
Saudi central bank said violations related to the ratio individuals were made to pay from their monthly income when obta... Read more
Saudi Arabia Deposits $250m In Sudan's Central Bank
The UAE said on April 28 it was depositing $250 million in Sudan's central bank Read more
As Bitcoin Gyrates, Less Euphoria In Evidence At Blockchain Gathering
The volatility in bitcoin prices as especially troubling for some observers Read more
Oman Said To Mull Multi-billion Dollar SoftBank Fund Investment
Japanese conglomerate SoftBank reportedly negotiating with Oman for an investment of several billion dollars in its Visi... Read more
UAE Car Rental Service Secures $5m Funding To Drive Expansion
Udrive, the app-based pay-per-minute car rental service, has announced a $5 million Series B round of funding Read more
UAE's Largest Bank Launches Saudi Ops With Riyadh Branch
First Abu Dhabi Bank has officially inaugurated its Saudi Arabia operations by opening its first branch in Riyadh Read more