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Last Updated: Wed, May 27 2015 | 8:32 AM |
Bahrain sovereign fund Mumtalakat says 2014 net profit up 10.8%
Banking & Finance»

Bahrain sovereign fund Mumtalakat says 2014 net profit up 10.8%

Wednesday, 27 May 2015 9:58 AM

Fund holds stakes in Bahraini companies including Aluminium Bahrain, Gulf Air and Batelco

Dubai's DAE to sell StandardAero to private equity firm
Banking & Finance»

Dubai's DAE to sell StandardAero to private equity firm

Tuesday, 26 May 2015 3:54 PM

Dubai Aerospace Enterprise inks deal with Veritas Capital; will use proceeds to refocus, expand aircraft leasing portfolio

Bahrain to cut subsidies for expats as oil slump bites
Politics & Economics»

Bahrain to cut subsidies for expats as oil slump bites

Tuesday, 26 May 2015 2:54 PM

Top official says government will redirect subsidy policies to benefit local citizens only

Kuwaiti-backed London theme park signs up bankers to raise $3.2bn funding
Banking & Finance»

Kuwaiti-backed London theme park signs up bankers to raise $3.2bn funding

Tuesday, 26 May 2015 2:38 PM

London Paramount Entertainment Resort is scheduled to open in 2020, is currently in the consultation stage with local interest groups

Dubai's Marka delays timeline for turning profitable to 2016
Banking & Finance»

Dubai's Marka delays timeline for turning profitable to 2016

Tuesday, 26 May 2015 2:11 PM

Retail and restaurant start-up says it has to consolidate recent acquisitions including Icons, Retailcorp

Saudi's Almarai approves $5.6bn investment plan for 2016-20
Retail»

Saudi's Almarai approves $5.6bn investment plan for 2016-20

Tuesday, 26 May 2015 12:51 PM

Gulf's largest dairy firm is expected to benefit from the opening of the kingdom's equity market in June

Samena Capital acquires nearly a third of UK-based Kleinwort Benson Bank
Banking & Finance»

Samena Capital acquires nearly a third of UK-based Kleinwort Benson Bank

Tuesday, 26 May 2015 12:35 PM

Dubai-based firm plans new merchant banking operation under the deal

UAE's Gulf Capital says eyeing four deals in Egypt
Banking & Finance»

UAE's Gulf Capital says eyeing four deals in Egypt

Monday, 25 May 2015 2:40 PM

Abu Dhabi-based private equity firm mulls deals in healthcare, oil and gas, petrochemicals and consumer goods

ADIB retained 98% of Barclays' UAE clients after $176m deal, says CEO
Banking & Finance»

ADIB retained 98% of Barclays' UAE clients after $176m deal, says CEO

Monday, 25 May 2015 2:40 PM

Abu Dhabi Islamic Bank says had budgeted to lose about 20% of UK lender's 110,000 customers after buyout of UAE operations, but ultimately only lost 2%

Kuwait Airways names banks for $400m loan
Banking & Finance»

Kuwait Airways names banks for $400m loan

Monday, 25 May 2015 10:55 AM

NBAD & Arab Banking Corporation will be lead arrangers for the Sharia-compliant loan to purchase five Airbus aircraft to be leased by the airline

Investors’ confidence increasing, say StartUp Academy speakers
StartUp»

Investors’ confidence increasing, say StartUp Academy speakers

Monday, 25 May 2015 9:56 AM

More than 100 entrepreneurs attended the June edition of Arabian Business StartUp Academy to learn about angel and venture capital investing in the region

Abu Dhabi bank part of $400m deal to finance new aircraft
Banking & Finance»

Abu Dhabi bank part of $400m deal to finance new aircraft

Sunday, 24 May 2015 4:11 PM

National Bank of Abu Dhabi is one of two banks picked by International AirFinance Corporation for loan for five aircraft

Saudi's Emaar Economic City expects rush in new tenants in 2015
Banking & Finance»

Saudi's Emaar Economic City expects rush in new tenants in 2015

Sunday, 24 May 2015 3:03 PM

Boss of special economic zone expects its inflow of new corporate tenants to speed up this year

Kuwait's Burgan mulls UAE, Saudi, Egypt expansion
Banking & Finance»

Kuwait's Burgan mulls UAE, Saudi, Egypt expansion

Sunday, 24 May 2015 2:30 PM

Chief executive says Kuwait's third-largest lender is looking to raise share of international operations in its business

UAE Banks Fed appoints agency to monitor members' behaviour
Banking & Finance»

UAE Banks Fed appoints agency to monitor members' behaviour

Sunday, 24 May 2015 2:07 PM

UAE Banks Federation also agrees to set up a number of committees to ensure ethical behaviour


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