DUBAI/LONDON: The cost of insuring Saudi Arabia’s debt against default fell to its lowest this year and Saudi bank shares jumped on Thursday...
DUBAI/LONDON: The cost of insuring Saudi Arabia’s debt against default fell to its lowest this year and Saudi bank shares jumped on Thursday...
Kuwait City: A Dubai-based investor group led by the head of property giant Emaar on Thursday completed the nearly $2.4 billion acquisition of...
ISTANBUL: Turkey's central bank kept its overnight lending rate on hold on Thursday, in a surprise move after seven straight months of cuts...
RIYADH: Saudi Basic Industries Corp (Sabic) has combined its chemicals and polymers businesses and will spin off its steel unit as part of...
LONDON: Saudi Arabia’s energy minister gave an upbeat message to an audience of industry executives yesterday, saying the oil market was at the...
LONDON: Saudi Arabia could issue the biggest bond deal in emerging markets history with its triple-tranche transaction. The GCC sovereign has yet to...
LONDON: Saudi Arabia has launched a US$17.5bn bond deal comprising five, 10 and 30-year bonds, according to a lead. A US$5.5bn five-year note...
DUBAI: Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 16.7 percent rise in its third-quarter net profit on Monday, meeting ...
DUBAI: Jordan's government has raised 34 million dinars ($47.9 million) in its first issue of a local currency sukuk for its own funding...
MUSCAT: Oman, seeking to bolster state finances as low oil prices slash its revenues, will raise electricity prices for large government, commercial and...
Dubai: Saudi Hollandi Bank said yesterday that it would meet with shareholders to discuss changing the name of the kingdom’s oldest lender. Industry...
ISTANBUL: Saudi Aramco signed a number of memorandum of understandings (MoUs) with leading Turkish companies to further strengthen commercial and investment relations between...
DUBAI: Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted an 18.9 percent fall in third-quarter net profit on Tuesday, missing analysts' forecasts...
ISTANBUL: World Energy Congress 2016 will open new horizons to form a sustainable global energy future, combined with Turkey's motto of "energy for...
DUBAI: Emirates Islamic Bank, the shariah-compliant arm of Dubai's largest lender, said on Thursday it plans to raise 1.5 billion dirhams ($408 million)...
DUBAI: Akron Trade and Transport, a United Arab Emirates shipping company, is in the market to raise $150 million through a syndicated loan,...
DUBAI: Abu Dhabi National Oil Co (ADNOC) said on Tuesday it planned to consolidate the operations of two of its offshore oil companies...
Riyadh: Saudi government workers will be paid according to the Gregorian calendar instead of the Islamic Hijri calendar, making the working month longer...
