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: August 20, 2014
UAE. The seminars which are only for investment professionals will take place from 8:30am - 12:00pm: in Riyadh (a mixed event) on August 31st, Bahrain on Sept 1st, Kuwait Sept 2nd, Abu Dhabi Sept 3rd, Dubai Sept 4th, and Doha on Sept 7th.
Posted: August 20, 2014
UAE. Dubai developer clears entire US$2.15 billion bank debt with early repayment, nearly four years before the final loan instalment due in March 2018.
Posted: August 19, 2014
UAE. Globally nearly 55,000 candidates passed Level I, II, and III exams and join the CFA Institute effort to create an environment where investors' interests come first.
Posted: August 18, 2014
INTERNATIONAL. "We believe that raising capital requirements through the introduction of new capital buffers will help to make the industry more resilient," said Standard & Poor's credit analyst Mohamed Damak.
Posted: August 18, 2014
KUWAIT. Kuwait has a rich oil and gas endowment, which has made it wealthy and enabled it to build very strong external and fiscal balance sheet positions, says S&P; The outlook is stable.
Posted: August 18, 2014
UAE. Eligible ADCB wholesale banking clients will now have the option to diversify and preserve their resources with full flexibility and control.
Posted: August 15, 2014
INTERNATIONAL. Ross Norman, CEO of Sharps Pixley, discusses the implications of the end of London's Victorian era silver fix.
Posted: August 15, 2014
INTERNATIONAL. In his latest Gold Videocast, Peter Schiff meets with Jim Rickards, author of The Death of Money, for an exclusive interview about gold's role in the international currency wars.
Posted: August 15, 2014
INTERNATIONAL. What do the Americas offer expats eager to getaway, or bolster investment portfolios abroad? How is the resurgence in international mortgage financing assisting these escape artists and sophisticated investors in achieving their objectives?
Posted: August 15, 2014
UAE. The only way to unlock the market's potential is for both sides to collaborate on the development of best practices, especially in the area of rapid detection and response.
Posted: August 15, 2014
UAE. Middle East investors continue to actively invest in UK real estate, according to Deloitte.
Posted: August 15, 2014
KUWAIT. Kuwait confirms the network layout for its new US$20 billion metro with construction due to begin in 2017; KNPC to invest US$35 billion on expanding oil and gas projects over the next five years.
Posted: August 14, 2014
UAE. Dubai's two biggest builders, Arabtec and Drake & Scull, are turning to bank borrowing to help fund projects as a rise in late payments from their customers takes the shine off a booming construction market.
Posted: August 13, 2014
UAE. The initial public offering market in the GCC in the second quarter of 2014 started off and ended on a high, with a total of seven IPOs, compared to two in Q1 2014.
Posted: August 13, 2014
UAE. Strong earnings from Saudi Arabia equities offer value; GCC bond markets stable despite high-yield bond jitters; Commodities remain range-bound.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 20, 2014
UAE. "In the short term, Erdogan's election signals a sign for continuity for Turkey. However, in the medium to longer term, questions remain. As in any political arena, a concentration of power and reduction of checks and balances carries negative risks."
date:Posted: August 20, 2014
UAE. Dubai has a bold vision to become the world's most visited city by 2020. The Director of Dubai's Tourism department, Helal Saeed Almarri, discusses how his team will make it happen.
date:Posted: August 19, 2014
INTERNATIONAL. Europe has been mired in an economic crisis for half a decade now. There have been constant predictions that Europe may finally be turning an economic corner, but if Germany's economy is contracting, it is difficult to believe that any corner is being turned.
INTERNATIONAL. I think one of the big fallacies in people's thinking about the Iraqi oil sector has been the focus on who's making money producing the oil. The bigger impact is on consumers.
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