On the face of it, Emirates NBD PJSC’s acquisition of Turkey’s Denizbank AS has become about $1 billion cheaper. Still, the deal could prove to be the...
Arif Naqvi, the founder of embattled Dubai-based private equity firm Abraaj Group, reached an interim settlement with a creditor on a $300 million loan, his...
By most accounts, Dubai’s biggest bank got a good deal when it agreed to buy Turkey’s Denizbank AS for $3.2 billion. The question is whether that’s enough to...
Almost a year of claims, counterclaims and litigation is beginning to wind down for Dana Gas PJSC bondholders, including BlackRock Inc. and Goldman Sachs...
For the first time since 2008, Standard Chartered PLC is topping the list of bond sales arrangers in the Middle East and North Africa. The emerging...
Emirates is set to raise $600 million from the sale of Islamic bonds as the world’s biggest airline by international passengers joins a rush of borrowers from...
Emirates NBD PJSC plans to open up for more foreign shareholders as Dubai’s biggest bank prepares a bid for Turkey’s DenizBank AS. The shares surged.The bank...
Access to a debt market teeming with yield-hungry investors is helping some cash-strapped nations in the Gulf Cooperation Council kick reforms down the road....
Abraaj Group’s founder Arif Naqvi will cede control of the fund management business in a sweeping restructuring of the Middle East’s largest...
Dubai Investments PJSC plans to sell shares in its cooling unit Emicool in the fourth quarter and aims to start a 3 billion dirham ($817 million) real estate...
Saudi Arabia’s sovereign wealth fund, which aims to become a $2 trillion investment giant, is considering borrowing from banks for the first time as it seeks...
Saudi Arabia’s 2018 budget is a relief for investors who watched austerity measures pummel growth over the past two years. The world’s biggest oil...
Emaar Properties PJSC’s $1.5 billion initial public offering of its United Arab Emirates development business received bids for the entire amount within half...
The company that helped build entire neighborhoods in Dubai plans to sell part of its business in the United Arab Emirates in an initial public offering....
DUBAI: The standoff between Dana Gas PJSC and its bondholders took a fresh twist after the Middle Eastern energy explorer that’s trying to void $700 million...
DUBAI: Emaar Properties PJSC, the Dubai-based developer of the world’s tallest skyscraper, plans to sell as much as 30 percent of its real estate development...
DUBAI: Qatari banks, already stretched by financing demands of the $200 billion 2022 World Cup, took a head-on blow from its neighbors’ abrupt decision to cut...
Syndicated loans in the six-nation Gulf Cooperation Council region are having their slowest year since 2013 as public spending on new projects declines and...
DUBAI: Saudi Arabia could attract tens of billions of dollars in foreign investments in the Arab world’s biggest stock market if it’s added to MSCI Inc.’s...
Middle East international bond sales are off to the strongest ever start to a year as borrower demand for funds outstrips the firepower of local banks in an...
DUBAI: First Gulf Bank PJSC and National Bank of Abu Dhabi PJSC completed a merger to create the United Arab Emirates’ biggest bank with assets of $180...
DUBAI: Saudi Arabia’s creditworthiness was cut a level by Fitch Ratings, which said low oil prices were worsening public and external finances. Fitch reduced...
DUBAI: Saudi Arabia and its ambitious reform plans are the focus of all the hype in Middle Eastern financial circles these days, but it’s still in the United...
DUBAI: Dubai agreed a $3 billion loan with banks to fund the expansion of Dubai World Central airport and logistics hub as it prepares to host the World Expo...
DUBAI: Dubai aims to spend $35.7 billion to develop its second airport and logistics hub in the south of the city and is likely to rely on debt for a...