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Last Updated: Wed, Dec 7 2016 | 3:39 PM |
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

Qatar's CBQ says given nod to raise stake in Turkey's Alternatifbank
Banking & Finance»

Qatar's CBQ says given nod to raise stake in Turkey's Alternatifbank

Wednesday, 7 December 2016 10:44 AM

Regulatory authorities grant approval for bank to buy further 25 percent

Saudi Arabia to form $13bn housing refinancing company
Banking & Finance»

Saudi Arabia to form $13bn housing refinancing company

Wednesday, 7 December 2016 9:54 AM

Saudi Refinancing Company said to be part of government efforts to develop mortgage sector in kingdom

Malaysia's 1MDB seeks Chinese help to repay $6.5bn loan to IPIC
Banking & Finance»

Malaysia's 1MDB seeks Chinese help to repay $6.5bn loan to IPIC

Wednesday, 7 December 2016 9:36 AM

Abu Dhabi’s IPIC and subsidiary Aabar Investments filed claim against Malaysian state fund in June

Arab Bank chairman in talks with Oger to buy its 20% stake - bourse
Banking & Finance»

Arab Bank chairman in talks with Oger to buy its 20% stake - bourse

Wednesday, 7 December 2016 9:32 AM

Sabih Al Masri said to be leading a consortium to buy the stake after Saudi investor dropped offer

Gulf-Turkish investors to spend $322m on luxury Greek resort
Banking & Finance»

Gulf-Turkish investors to spend $322m on luxury Greek resort

Tuesday, 6 December 2016 7:31 PM

Fund buying Astir Palace hotel complex represents investors from Turkey, Abu Dhabi, Kuwait and other Arab emirates

Bahrain's GFH closes in on Bank Al Khair acquisition
Banking & Finance»

Bahrain's GFH closes in on Bank Al Khair acquisition

Tuesday, 6 December 2016 4:36 PM

CEO says acquisition should be completed in Q1 2017; talks advanced in exploring merger with another bank

Oman said to be looking at spending cuts in 2017 budget
Politics & Economics»

Oman said to be looking at spending cuts in 2017 budget

Tuesday, 6 December 2016 1:52 PM

Sources say expenditure is likely to be slashed again next year in move to reduce deficit caused by low oil prices

DHL, Abu Dhabi's Mubadala sign deal to boost aerospace business
Transport»

DHL, Abu Dhabi's Mubadala sign deal to boost aerospace business

Tuesday, 6 December 2016 12:45 PM

Strategic partnership will help to improve the logistics around Mubadala's aerospace manufacturing business, the companies said


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