All News Under "Banking" RSS ATOM
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