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Oman Maybe Next Gulf Blowout After Bahrain Crisis

Banking - Published date: .

(Bloomberg) --Bond investors bloodied by Bahrain’s fiscal woes last year are bracing for the next potential crisis in... Read more

FAB To Raise Foreign Shareholder Limit

Banking - Published date: .

(Bloomberg) --First Abu Dhabi Bank (FAB) jumped on optimism the lender will follow peers and raise the foreign-ownershi... Read more

Turkey Says Economy Strong, It Will Not Cross Paths With IMF

Banking - Published date: .

(Bloomberg) --Turkey’s top economic body ruled out seeking support from the International Monetary Fund, in an effort... Read more

ADNOC Awards Occidental Petroleum Onshore Exploration Block

Banking - Published date: .

UAE’s ADNOC has awarded the US-based Occidental Petroleum an onshore block, known as Onshore Block 3, according to ... Read more

Actis Pushes For Investor Vote On Abraaj Fund Takeover

Banking - Published date: .

British private equity firm Actis seeks to stimulate an investor vote from next week on its proposed takeover of one of... Read more

Maduro Halts Plan To Ship 20 Tonnes Of Gold Out Of Caracas

Banking - Published date: .

(Bloomberg) --The embattled Nicolas Maduro regime halted plans to ship 20 tonnes of Venezuelan gold overseas as a growi... Read more

OPEC Output Drops The Most In Two Years As Saudis Lead The Way

Banking - Published date: .

(Bloomberg) -- Organisation of Petroleum Exporting Countries (OPEC) crude output fell the most in two years last month ... Read more

Oil Tankers Float In Limbo As US Bars Payments To Venezuela

Banking - Published date: .

(Bloomberg) --US oil refiners will not be allowed to complete shipments of Venezuelan crude they booked before the Trum... Read more

Lebanon Forms A Government Amid Economy Challenges

Banking - Published date: .

(Bloomberg) --Lebanon’s Prime Minister Saad Hariri finally announced his new cabinet line-up after nine months of pol... Read more

Jet Airways Accepts Etihad's Bailout Terms

Banking - Published date: .

Jet Airways has agreed to most conditions set by shareholder Etihad Airways for offering a lifeline to the debt-laden ... Read more

Emirates Weigh New Boeing 777X Order In Fleet Shakeup

Banking - Published date: .

(Bloomberg) --Emirates is weighing a fresh order for Boeing’s behemoth 777X twin-aisle plane as part of a complex ser... Read more

Noor Capital Acquires Three Tonnes Of Gold From Venezuela

Banking - Published date: .

UAE-based Noor Capital has announced that it bought three tonnes of gold on 21 January from Venezuela’s central bank,... Read more

UAE Economy Starts To Recover From Lower Oil, Says IMF

Banking - Published date: .

(Bloomberg) --Growth in the UAE’s economy will accelerate to 3.7 per cent in the coming year, from 2.9 per cent in 20... Read more

Global Telecom Surges In Cairo After Veon Offers Funding Support

Banking - Published date: .

(Bloomberg)--The shares jumped about 10 per cent, the most in three months, in Cairo. They have lost half their value i... Read more

SABIC Views Aramco Deal Positively Amid Global Trade Challenges

Banking - Published date: .

Saudi Arabia’s SABIC expects to face challenges this year due to uncertainty over the impact of a global trade war be... Read more