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Finance News & Analysis

Power plant

IFC arranges Iraq power plant financing packageSubscription

Debt and equity package will include IFC’s first Islamic syndicated loan

ATM

Hackers target Qatar National BankSubscription

Lender has launched investigation

Al-Reem Island in Abu Dhabi

Abu Dhabi launches $5bn bondSubscription

The emirate’s two part bond was priced at tighter end of the price range

Saudi Arabia

Saudi Arabia explores funding options for transportSubscription

Priority is to keep fees affordable and fair

Amman, capital of Jordan

Jordan plans tram within five yearsSubscription

Tender for 180 buses to be released by mid-2016

Saudi Deputy Crown Prince Mohammed bin Salman al-Saud

Vision 2030: The reforms announced so farSubscription

Sweeping overhaul of Saudi economy announced by deputy crown prince

Saudi Aramco

Saudi Arabia confirms Aramco listingSubscription

The kingdom plans to list less than 5 per cent of the company as part of economic reforms

Cairo

IMF has not received Egyptian loan request Subscription

The Washington-based fund will consider a loan if Egypt requests it

Muscat, the capital of Oman

Two Omani banks mull merger plansSubscription

Due diligence on the deal was concluded on 23  April

Aqaba, Red Sea, Jordan

Jordan outlook downgraded to negativeSubscription

Grim outlook triggers revision of rating from stable to negative 

Saudi sovereign bonds to stimulate debt markets

Saudi property developers report slumping profitsSubscription

Lower sales revenues affected income for Dar al Arkan and Emaar Economic City

Artist's rendition of base of Kingdom Tower

Kingdom Holding’s first quarter net profit declinesSubscription

The company, which is building the world’s tallest tower in Jeddah, said income fell 26.4 per cent

TDIC and Nakheel float tenders

Limitless edges closer to $1.2bn debt restructuringSubscription

A US-based dissenting creditor has sold its debt to a Dubai lender clearing way for the deal

Arabtec shares drop on 1 million homes setback

Arabtec expects return to profitability in 2017Subscription

The loss-making contractor hopes it will be able to break even this year

France's President Francois Hollande

France plans $1.1bn loan to JordanSubscription

Part of the aid said to support state budget

National carrier Iran Air’s Boeing fleet has an average age of more than 35 years

Iran frozen assets back Airbus deal fundingSubscription

Italy’s Sace funded part of the deal

Riyadh, Saudi Arabia

Riyadh agrees terms on $10bn loanSubscription

Saudi Arabia up-sized the loan from $8bn on significant demand for kingdom’s credit

Baghdad

Iraq revives bond issuance plansSubscription

International bond was dropped due to high pricing

Aramco expected to approve oil scheme

Saudi Arabia picks Aramco IPO advisorsSubscription

Riyadh plans to list less than 5 per cent of Aramco’s parent company

Mohammed Alabbar

Dubai’s Alabbar buys stake in online fashion retailerSubscription

Chairman of Alabbar Enterprises, a company controlled by Emaar Properties, takes the stake

Emirates NBD

Emirates NBD first-quarter profit climbs 8 per centSubscription

Rise in fee income and drop in bad debts helped profitability

The Dubai Parks & Resorts project comprises three parks: Motiongate, Bollywood Park and Legoland

Dubai’s theme park firm to raise $457mSubscription

Dubai Parks and Resorts announces capital increase through rights issue

Emirates NBD profits soar

Emirates NBD closes down its Emirates Money subsidiary Subscription

Dubai’s biggest lender has laid off more than 100 employees as it integrates Emirates Money with ENBD

Abu Dhabi skyline

Abu Dhabi appoints banks for potential bondSubscription

The emirate picks banks to arrange fixed income investor roadshows

Logistics

Bahrain’s Arcapita acquires Dubai’s logistic parkSubscription

The park located in Al Quoz industrial area offers warehousing facilities

Sarmad Khan

Deals galore for investment banks in Saudi ArabiaSubscription

Saudi Aramco, Tadawul and Saudi Grains are just a few among state entities looking to list shares

Jennifer Aguinaldo

Is recession inevitable?Subscription

UAE faces potential current account deficit in 37 years

Philippa Wilkinson

Egypt dollar shortage threatens development plansSubscription

Investors, developers and manufacturers need hard currency

Philippa Wilkinson

Debt capital markets could return in 2016Subscription

Markets still need to develop, but bonds could become more attractive

Sarmad Khan

Saudi privatisation bid will not bear fruit in immediate futureSubscription

Riyadh has identified almost 150 state-owned assets to sell as it looks to monitise crown jewels

Richard Thompson

Taking social infrastructure to the bankSubscription

To tap international finance for social infrastructure schemes, the region must offer bankable projects

Philippa Wilkinson

The return of international banksSubscription

Growing space for global lenders in GCC finance may not be attractive

Hossam Abougabal

Devaluation brings short-term pains and long-term gainsSubscription

Central bank currency will improve balance of payments

Philippa Wilkinson

Oman dominates GCC project financeSubscription

Two projects have Oman secured financing in March

Sarmad Khan

Saudi contractors need more than just part paymentsSubscription

Government plans to pay $48bn in delayed payments will not solve the cash flow issues

Philippa Wilkinson

Acwa Power gets strategic in JordanSubscription

Low tariff means solar project is unlikely to be lucrative