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Last Updated: Mon, Feb 8 2016 | 7:28 AM |
Saudi's Sipchem pays $100m to raise stakes in two units
Energy»

Saudi's Sipchem pays $100m to raise stakes in two units

Monday, 8 February 2016 11:27 AM

Sipchem will increase its stake in International Acetyl Company and International Vinyl Acetate Company to 87%

Getting funded in the Middle East: how to improve your odds
StartUp»

Getting funded in the Middle East: how to improve your odds

Monday, 8 February 2016 11:01 AM

The Luxury Closet had a spectacular year in 2015: it achieved triple-digit growth and managed to secure $3.2 million in its series of funding from key regional institutional investors, including Middle East Venture Partners and Wamda Capital. Kunal Kapoor, the founder of The Luxury Closet, shares some of the insights he gained along the way.

Saudi power projects will need $133bn investment over 10 years - minister
Energy»

Saudi power projects will need $133bn investment over 10 years - minister

Monday, 8 February 2016 9:37 AM

Minister Abdullah al-Hussayen said the country expects peak electricity to hit 90,000 megawatts in 2022

National Bank of Kuwait might have to take more provisions for NPLs, says CEO
Banking & Finance»

National Bank of Kuwait might have to take more provisions for NPLs, says CEO

Monday, 8 February 2016 8:51 AM

Kuwait’s largest commercial lender reported a 6.3 per cent decline in fourth-quarter net profit to $180.8 million

Qatar will act to maintain liquidity if needed, says bank chief
Politics & Economics»

Qatar will act to maintain liquidity if needed, says bank chief

Sunday, 7 February 2016 3:00 PM

Sheikh Abdullah bin Saud al-Thani said the central bank was still pursuing an "easy monetary policy stance" and that he did not think liquidity had become tight

Rising from the ashes: The UAE's insolvency dilemma
Banking & Finance»

Rising from the ashes: The UAE's insolvency dilemma

Saturday, 6 February 2016 1:04 AM

The UAE is close to finalising a modern insolvency law that would allow struggling businesses to rise from the ashes, but entrenched cultural attitudes towards corporate failings and a host of other challenges look set to defeat it

1
UAE private sector growth slumps to near 4-year low in January
Politics & Economics»

UAE private sector growth slumps to near 4-year low in January

Saturday, 6 February 2016 12:58 AM

Start of 2016 signals another loss of growth momentum at UAE non-oil private sector firms

Spanish energy firm to offload UAE solar stake in fire sale
Energy»

Spanish energy firm to offload UAE solar stake in fire sale

Saturday, 6 February 2016 12:58 AM

Indebted Abengoa will sell its 20% holding in Shams-1 power plant as it bids to avoid bankruptcy

RAK Ceramics takes full control of UK, German units
Banking & Finance»

RAK Ceramics takes full control of UK, German units

Friday, 5 February 2016 10:16 AM

UAE-based company also announces the appointment of a new leadership team to head its core European operations

Bahrain's Investcorp buys stake in Saudi retail firm
Banking & Finance»

Bahrain's Investcorp buys stake in Saudi retail firm

Friday, 5 February 2016 10:15 AM

Investment firm says it has acquired minority interest in supermarket and hypermarket group Bindawood

Qatar named as least corrupt country in Middle East
Politics & Economics»

Qatar named as least corrupt country in Middle East

Friday, 5 February 2016 12:58 AM

Latest Transparency International rankings reveal Gulf state has leapfrogged the UAE in global list

Gulf buyers of luxury London homes more than halve since 2014
Property»

Gulf buyers of luxury London homes more than halve since 2014

Friday, 5 February 2016 12:57 AM

Turmoil on world markets may have taken the shine off London's luxury property market for Middle Eastern investors

Saudi currency devaluation would carry major political risk
Politics & Economics»

Saudi currency devaluation would carry major political risk

Thursday, 4 February 2016 11:13 PM

Currency traders have been betting against the Saudi peg, and those of other regional oil producers, in the wake of oil's price collapse

Barclays said to hand Qatar deal documents over to UK's SFO
Banking & Finance»

Barclays said to hand Qatar deal documents over to UK's SFO

Thursday, 4 February 2016 7:59 PM

Barclays has been under investigation since 2012 by regulators including Serious Fraud Office over Gulf investments

25% probability of Saudi FX devaluation soon, says SocGen
Politics & Economics»

25% probability of Saudi FX devaluation soon, says SocGen

Thursday, 4 February 2016 2:31 PM

Societe Generale says that possibility will rise to 40% if oil prices stay at current level throughout 2016


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