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Last Updated: Thu, Dec 8 2016 | 1:29 PM |
Italian bank to help fund Rosneft deal for Glencore and Qatar
Banking & Finance»

Italian bank to help fund Rosneft deal for Glencore and Qatar

Thursday, 8 December 2016 2:51 PM

Intesa Sanpaolo is expected to provide a large chunk of funds to a consortium of Qatar and Glencore to buy stake in Russian oil major

Outlook remains negative for GCC banks, says Fitch
Banking & Finance»

Outlook remains negative for GCC banks, says Fitch

Thursday, 8 December 2016 2:29 PM

Ratings agency says continuing low oil prices to pressure bank liquidity and asset quality

More mergers urged for Islamic banks, says Central Bank of Bahrain
Banking & Finance»

More mergers urged for Islamic banks, says Central Bank of Bahrain

Thursday, 8 December 2016 1:56 PM

Governor Rasheed Al Maraj says the small size of Islamic banks does not work in their favour

Saudi power developer postpones plan for bond issue
Banking & Finance»

Saudi power developer postpones plan for bond issue

Thursday, 8 December 2016 1:55 PM

ACWA Power now looking to issue bond next year due to 'requests from investors for more time to evaluate the proposed offering'

Qatar's SWF part of group to buy $7bn stake in UK's National Grid
Energy»

Qatar's SWF part of group to buy $7bn stake in UK's National Grid

Thursday, 8 December 2016 1:53 PM

Qatar Investment Authority is one of the investors which has agreed to buy 61% interest in UK gas distribution business

UAE Exchange denies rumour about exchanging scrapped Indian notes
Banking & Finance»

UAE Exchange denies rumour about exchanging scrapped Indian notes

Thursday, 8 December 2016 11:49 AM

Exchange house says it is not accepting demonetised Rs500, Rs1,000 notes at any of its branches worldwide

Oman central bank says it aims to avoid bank rate rises as liquidity pressures
Banking & Finance»

Oman central bank says it aims to avoid bank rate rises as liquidity pressures

Thursday, 8 December 2016 9:49 AM

Economists believe Oman could not resist an uptrend in US rates indefinitely because of the peg of its rial currency to the US dollar

Russia sells $11bn stake in Rosneft to Glencore, Qatari fund
Energy»

Russia sells $11bn stake in Rosneft to Glencore, Qatari fund

Thursday, 8 December 2016 9:47 AM

19.5% stake acquisition shows lure of Russian oil assets, despite sanctions

Consortium to pay $1.12bn for Saudi Oger's stake in Arab Bank
Banking & Finance»

Consortium to pay $1.12bn for Saudi Oger's stake in Arab Bank

Wednesday, 7 December 2016 7:39 PM

Saudi conglomerate Astra Group is part of the consortium, led by Arab Bank Group chairman

Shareholders of Abu Dhabi's NBAD, FGB approve mega merger
Banking & Finance»

Shareholders of Abu Dhabi's NBAD, FGB approve mega merger

Wednesday, 7 December 2016 5:03 PM

Tie-up will create one of the largest banks in the Middle East and Africa with assets of around $175bn

Abu Dhabi's NBAD secures $2bn loan ahead of FGB merger
Banking & Finance»

Abu Dhabi's NBAD secures $2bn loan ahead of FGB merger

Wednesday, 7 December 2016 2:25 PM

National Bank of Abu Dhabi says funds will refinance existing bilateral debt and provide new funding

Qatar's Ezdan Holding closes $460m Islamic financing
Banking & Finance»

Qatar's Ezdan Holding closes $460m Islamic financing

Wednesday, 7 December 2016 2:12 PM

Real estate developer says eight-year syndicated facility secured involving 10 financial institutions

Italy preparing to take controlling stake in Monte dei Paschi
Banking & Finance»

Italy preparing to take controlling stake in Monte dei Paschi

Wednesday, 7 December 2016 1:01 PM

Qatar's sovereign wealth fund said it could inject $1.5bn in the bank but wanted to wait to see what kind of government would succeed Renzi

Bosnian businesses adopt halal standards to cater for Gulf visitors, investors
Banking & Finance»

Bosnian businesses adopt halal standards to cater for Gulf visitors, investors

Wednesday, 7 December 2016 12:14 PM

Halal market was worth more than $1 trillion in 2015, and growing by about 15 percent a year

Saudi-backed tech fund 'to invest $50bn in US', claims Donald Trump
Technology»

Saudi-backed tech fund 'to invest $50bn in US', claims Donald Trump

Wednesday, 7 December 2016 12:14 PM

US President-elect Donald Trump says held meeting with SoftBank CEO Masayoshi Son


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