Leading News Source For Middle East
According to a Reuters report, the void left by European financial institutions in UAE’s loan market is being filled by the local banks and they are reaping the fruits despite the conditions entitled to such a venture in the country. Read more
The attacks between pro and anti Assad supporters in Lebanon, which are fast becoming a daily routine, have become worrying for the country’s president of the Chamber of Commerce, Agriculture and Industry, Mohammad Choucair. He said that the economy has Read more
According to Deutsche Bank, banks in Israel are among those which have witnessed the weakest in shares worldwide in the past 12 months and their results are similar to banks exposed to troubled sovereign credit risk, weak funding and recapitalization Read more
One of Saudi Arabia’s largest construction companies has issued an Islamic bond widely known as Sukuk in a move to enlarge its operations. The bond which is issued by the Saudi Binladin Group Sukuk limited in the Kingdom is $266.6 Read more
Reports from the lead arrangers claim that four banks have been chosen by the largest lender by market value in the United Arab Emirates, the National Bank of Abu Dhabi (NBAD), to issue benchmark-sized bonds which could price within a Read more
Morocco and Jordan have received over $ 8 billion financial assistance from the International Monetary Fund to help the two countries economies withstand the fallouts of the political turmoil and popular unrests rocking the MENA region. A $ 6.2 billion Read more
A new Islamic bank, Al Izz Islamic bank, in Oman which also stands as the only dedicated Islamic bank in the country will be receiving a bulky investment fund from the Aabar Investments in an announcement delivered during the unveiling Read more
Six companies seized by the Tunisian government from relatives and close aides of the former regime will have their shares sold. Six companies are part of a whole lot of companies and assets seized from 114 people. The announcement of Read more
As Jordan continues to try to put its economy and political tension under control, it has come to a conclusion with the International Monetary Fund for a $2 billion loan. The rise in oil prices and the political tension has Read more
Bahrain has been chosen as the headquarters of PineBridge Investments in the Middle East and North African region. Established as one of the best investment management companies in the world, PineBridge has an Independent asset of more than $67 billion Read more