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: June 26, 2019
UAE. Applications to the Innovation Challenge are now open until 23 September 2019. FinTech Abu Dhabi 2019takes place from 21 - 23 October 2019.
Posted: June 26, 2019
SAUDI ARABIA. This was the largest syndicate of banks ever assembled for an initial public offering in Saudi Arabia and the largest IPO in Saudi Arabia in the last four years.
Posted: June 26, 2019
UAE. International Financial Reporting Standard (IFRS) 17 aims to provide consistency across all aspects of accounting in insurance.
Posted: June 26, 2019
UAE. ADFG's shareholders will own 58% of the enlarged entity, with SHUAA's existing shareholders owning 42%.
Posted: June 25, 2019
SAUDI ARABIA. Further updates regarding the timeline for the listing process will be announced in due course.
Posted: June 25, 2019
UAE. DIFC meets with 17 FinTech start-ups in Mumbai to provide tailored solutions for growth.
Posted: June 25, 2019
UAE. As founding member of GFiN, ADGM marks milestones and new developments to support start-ups and entrepreneurs in its FinTech ecosystem.
Posted: June 25, 2019
UAE. There were a number of iconic deals completed in Q1 FY19 which include: Network International IPO, acquisition of Careem by Uber, Saudi Aramco bond listing and investment into ADNOC pipeline and refinery assets by international investors.
Posted: June 24, 2019
LEBANON. The only uptime Institute Tier III certified constructed facility in Lebanon.
Posted: June 24, 2019
SAUDI ARABIA. Firm welcomes 24 Saudi females to the first fully female team in its Assurance Centre of Excellence in Al-Khobar.
Posted: June 24, 2019
LONDON. Report compares crypto passive income to traditional opportunities.
Posted: June 21, 2019
PARIS. The Billion Dollar Fund for Women secures US$1 billion in pledges, only eight months after its launch, tackling the gender funding gap.
Posted: June 21, 2019
LONDON. The company's partnership with Jumio streamlines digital onboarding, eliminating the need for customers to visit branch offices when creating new banking accounts.
Posted: June 20, 2019
BRUSSELS. In 'Payments: looking to the future', SWIFT challenges the community to revolutionise services and collaborate to bring this future closer.
Posted: June 20, 2019
SAUDI ARABIA. The net proceeds due to the Company will be used to grow the company's financing portfolio and add credit cards to its product range.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: June 26, 2019
UAE. Positive price movement demonstrates success of UAE's diversification drive; Dubai (21), Abu Dhabi (33) and Riyadh (35) rank among the most expensive cities for expatriates in the Middle East.
date:Posted: June 25, 2019
UAE. There were a number of iconic deals completed in Q1 FY19 which include: Network International IPO, acquisition of Careem by Uber, Saudi Aramco bond listing and investment into ADNOC pipeline and refinery assets by international investors.
date:Posted: June 24, 2019
UAE. The latest edition of PwC's Middle East Economy Watch looks at the recent oil price rebound and its mixed impact on regional economies.