Finance & Banking

FEATURED REPORT...
Posted: 11-08-2011
UAE. Dubai state companies are securing bank financing as the latest tumult in global markets fails to derail the emirate's recovery from the 2009 debt crisis. Dubai Holding LLC, one of the three main state-owned holding companies, reached an accord with lenders to extend a US$1.16 billion loan to December 2016, according to a company official. Port & Free Zone World FZE, an intermediate holding company for port operator DP World Ltd. (DPW), is raising US$850 million to refinance debt, three bankers familiar with the plan said. Investment Corporation of Dubai said on August 8 it will rep
Posted: May 29, 2015
INTERNATIONAL. Avago, which serves the wireless and industrial markets, is offering Broadcom shareholders US$17 billion in cash and Avago shares valued at US$20 billion.
Posted: May 29, 2015
UAE. The acquisition enables RAKBANK to become the largest shareholder in the insurance provider and is in line with the Bank's strategy to become a broad-based financial services company.
Posted: May 28, 2015
INTERNATIONAL. The corruption scandal engulfing world soccer's governing body drew warnings from major sponsors and criticism from senior Western politicians.
Posted: May 28, 2015
UAE. The recent close below 1.55 was a critical blow for the Pound/Dollar bulls, and the bears have continued to exploit each opportunity to increase selling pressure with the pair still looking technically vulnerable to further declines.
Posted: May 28, 2015
UAE. Exits from rubber entities generates internal rate of return of 18%; Masharie eyes new acquisitions in infrastructure, health sectors.
Posted: May 28, 2015
UAE. Revenue soars to US$7.6 billion on back of record passenger and cargo volumes; Passenger demand and revenue growth outperform capacity intake; Partnership strategy delivers strong performance, with revenues up 37.7% to US$1.1 billion, representing 24% of passenger revenues.
Posted: May 27, 2015
UAE. The agreement creates a framework for both institutions to work together to enhance interaction and collaboration between the derivatives and financial markets of the UAE and China.
Posted: May 27, 2015
UAE. Considerable pressures on salaries as many of the region's pay rises are falling behind inflation rates; 60% more companies are uncertain about the bonuses that they will pay in 2015.
Posted: May 27, 2015
UAE. More independent, relationship-focused corporate finance advisory services in the Middle East; Firm also aims to facilitate cross-border business joint ventures and mid-market investment opportunities between North America and the Middle East.
Posted: May 27, 2015
UAE. The option is currently available on all Hotel, Holiday and Activity bookings to users based in Dubai, Abu Dhabi and Riyadh and will soon be available in other cities in the Middle East.
Posted: May 27, 2015
UAE. The blueprint for anti-austerity parties to become prominent figures in European governments is emerging, with this increasing the possibility of political risks throughout Europe.
Posted: May 27, 2015
UAE. The private equity market in the Middle East has matured in the last five years in terms of deal structures, volumes and values, according to speakers at a debate organised by ICAEW's Corporate Finance Faculty in the UAE.
Posted: May 27, 2015
UAE. Purely Business is a support network that provides knowledge, solutions and resources to help ambitious entrepreneurs develop their commercial venture.
Posted: May 26, 2015
UAE. Investment in specialized downstream oil & gas holding company supports Egyptian economic growth, exports and job creation; Increases investment firm's exposure to the fast growing Egyptian economy.
Posted: May 26, 2015
UAE. Dubai Aerospace Enterprise announced the signing of a definitive agreement to sell 100% of StandardAero to an affiliate of Veritas Capital. Terms of the transaction were not disclosed.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 29, 2015
INTERNATIONAL. SITA survey investigated the connection between passenger's use of technology and their emotions to discover how they feel at every point of the journey; Survey shows that technology is helping put enjoyment back into flying.
date:Posted: May 28, 2015
UAE. The recent close below 1.55 was a critical blow for the Pound/Dollar bulls, and the bears have continued to exploit each opportunity to increase selling pressure with the pair still looking technically vulnerable to further declines.
date:Posted: May 28, 2015
UAE. Low production costs for Middle East companies gives regional players significant competitive advantage in the low price segment of an oil "super cycle", according to the latest paper from global strategy and management consulting firm A.T. Kearney.
INTERNATIONAL. SITA survey investigated the connection between passenger's use of technology and their emotions to discover how they feel at every point of the journey; Survey shows that technology is helping put enjoyment back into flying.
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