LONDON: Emerging markets investment manager Ashmore Group has defended the strategy of its short duration debt fund which has been clobbered by its exposure...
LONDON: The worst is yet to come for Lebanon’s banks. The old-style way of running the economy – attracting capital via investments from the...
BEIRUT: Lebanese consumers feeling the pinch from rising living costs amid an economic crisis are likely to be squeezed even tighter as more local pounds and...
LONDON: After two months of political deadlock, Lebanon has finally designated a new prime minister to form a government. Now comes the hard part: saving...
LONDON: It was 2008 and unlike many countries, Lebanon was sailing through the worst global downturn in 80 years largely unscathed. With a booming economy and...
BEIRUT: Lebanese student Fatima Jaber’s family is struggling to pay off multiple loans with double-digit interest rates. Even before the start of...
BEIRUT: Having lived next door to Iraq during the U.S.-led invasion to oust Saddam Hussein in 2003, Diana is no stranger to geopolitical unrest. Back then her...
BEIRUT: Lebanese traders are struggling to pay for imports of everything from pasta to nappies as banks impose restrictions on lines of credit in response to...
LONDON: Lebanon’s political and banking crisis has put growing pressure on its 22-year-old currency peg to the U.S. dollar and foreign funds fear a...
LONDON: In common with millions of other Lebanese living abroad, London restaurateur Moufid Shamms is unable to send cash back to support his family - in his...
BEIRUT/LONDON: Heavily indebted Lebanon has passed a budget seen as a “first step” toward fixing its public finances, but still has much to do to...
LONDON: Sovereign wealth funds are piling into India, buying stakes in everything from airports to renewable energy, attracted by political stability, a...
LONDON/DUBAI: Saudi Arabia’s inclusion in major emerging markets stock indexes from Monday is likely to suck in around $20 billion in passive inflows,...
VALLETTA/DUBAI: In February 2017, the Maltese investigative journalist Daphne Caruana Galizia wrote in her blog about a mystery company in Dubai called 17...
DUBAI: Saudi Arabia’s stock market slid Sunday as better-than-expected earnings from Saudi Basic Industries Corp., the largest listed company in the Gulf,...
DUBAI: Dubai’s financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse...
DUBAI/KHOBAR, Saudi Arabia: Saudi authorities are preparing to auction billions of dollars of real estate and cars belonging to billionaire Maan al-Sanea and...
DUBAI: Saudi Arabia has accelerated steps to resolve a $22 billion debt dispute that is seen by investors as a litmus test of Crown Prince Mohammad bin...
DUBAI: Saudi Aramco is working to secure billions of dollars in cheap loans from banks seeking to strengthen their ties with the oil giant before its stock...
DUBAI: Saudi Arabia has high hopes that a campaign of arrests to crack down on corruption will improve its chances of joining the Financial Action Task Force,...
DUBAI/RIYADH: Saudi Arabia’s $300 billion privatization program was billed as the sale of the century when Crown Prince Mohammad bin Salman unveiled his plan...
DUBAI: Kingdom Holding’s plan to borrow money to fund new investments has stalled because owner Prince Alwaleed bin Talal has been detained in Saudi Arabia’s...
DUBAI: Goldman Sachs has bought a slice of Saudi Aramco’s IPO-ARMO.SE $10 billion credit facility as it seeks a role in the historic listing of the oil...
DUBAI/DOHA: International businesses are being caught in the crossfire of Qatar’s dispute with its neighbors as it delays shipments, lengthens travel times...
DOHA: A boycott imposed by four Arab nations that accuse Qatar of supporting terrorism is squeezing the tourism sector and Doha’s hotels, which would normally...