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Eni, OMV To Pay $5.8 Billion For Stakes In ADNOC Refineries

Banking - Published date: .

(Bloomberg) --Eni and Austrian oil and gas producer OMV AG agreed to pay about $5.8 billion for a 35 per cent stake in ... Read more

Bahrains Al Dur Secures $1.3 Billion From A Syndicate Of Banks

Banking - Published date: .

Bahrain’s Al Dur Power & Water Company said that it has secured $1.3 billion refinancing facility provided by a s... Read more

Saudi Aramco Chief Sets Out Roadmap For Share Sale In 2021

Banking - Published date: .

The head of Saudi Aramco has laid out a roadmap leading to the sale of shares in the world’s biggest oil company in... Read more

Turkey's Ziraat Bank Reaches 100 International Branches

Banking - Published date: .

Turkish state lender Ziraat Bank said that it has reached 100 international branches in 18 countries, according to loca... Read more

Sabic Profit Misses Estimates As Product Prices Drop, Costs Rise

Banking - Published date: .

(Bloomberg)--Full-year profit rose 17 per cent to SAR 21.54 billion ($5.7 billion), compared with the mean estimate of S... Read more

EU Says Preparations For Iran SPV Are At Advanced Stage

Banking - Published date: .

(Bloomberg)--The European Commission said it’s seeking to launch “very soon” a special purpose vehicle to help Eu... Read more

UAE Sets New Conditions For VAT De-registration

Banking - Published date: .

The UAE’s FTA has defined the conditions for tax de-registration in accordance with Federal Decree-Law No. 8 of 2017,... Read more

KFH Sees 90 Per Cent Profit Jump After AUB Deal

Banking - Published date: .

Kuwait Finance House's (KFH) purchase of Bahrain's Ahli United Bank (AUB) is expected to boost consolidated profit by... Read more

Etihad Appoints Alvarez & Marsal To Weigh Jet Airways Bailout

Banking - Published date: .

Etihad Airways has hired turnaround specialist Alvarez & Marsal to conduct due diligence on Jet Airways as it weigh... Read more

Saudi, UAE Loans To Help Pakistan Avert Financial Crisis

Banking - Published date: .

(Bloomberg)--Pakistan received $1 billion from Saudi Arabia Friday, a day after the United Arab Emirates deposited the ... Read more

Saudi Arabia Latest Nation To Offer Help To Crisis-hit Sudan

Banking - Published date: .

(Bloomberg)--“The King confirmed that Saudi Arabia wouldn’t hesitate to support Sudan until it overcomes the curren... Read more

Lebanese Central Bank To Reinstate Subsidised Housing Loans

Banking - Published date: .

(Bloomberg)--The new housing package will be $200 million for housing loans of as much as $300 million, the agency said... Read more

Saudis Make Davos Bid For Global Rehabilitation

Banking - Published date: .

(Bloomberg)--The message is confident—"Invest Saudi: The Future-Forward Economy." Only three months ago, the global e... Read more

Turkish Banks Face More Restructuring Woes As Bad Loans Soar

Banking - Published date: .

(Bloomberg) --More Turkish companies are seeking to restructure foreign debt, adding to the woes of banks as the regula... Read more

Oil Drops As Economic And Supply Fears Overshadow Venezuela Risk

Banking - Published date: .

(Bloomberg)--March futures in New York slipped further after dropping 0.7 per cent on Wednesday. An extended shutdown o... Read more