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Finance News & Analysis

News

Majid al-Futtaim

Majid al-Futtaim rules out plans for IPO Subscription Required

31 March 2015 | By Hossam Abougabal

Local developer says it will not launch an IPO despite the success of Emaar’s mall group in 2014

Bank profits

Noor Bank reports record profits Subscription Required

31 March 2015 | By Rebecca Spong

UAE bank sees profits leap by 166 per cent

Iran currency

Nuclear deal could ease Iran's bank restrictions Subscription Required

30 March 2015 | By Rebecca Spong

Any easing of Iran trade rules needs support of workable banking system

Losses

Bank Nizwa reduces losses in 2014 Subscription Required

29 March 2015 | By Rebecca Spong

Revenues grow at Omani Islamic bank

Dubai energy strategy 2030

Dubai’s solar IPP on track for financial close Subscription Required

29 March 2015 | By Rebecca Spong

Dewa has already signed PPA with developers

Mall of the Emirates and Umm Suqeim Road

Developer forms fund for new Dubai project Subscription Required

29 March 2015 | By Colin Foreman

The residential and hotel scheme will be build on Umm Suqeim Road

Stadium being constructed in Qatar

Qatar has rating affirmed by S&P Subscription Required

29 March 2015 | By Rebecca Spong

Spending plans maintain Qatar’s rating at AA/A-1+

Dubai World secures approval to cease court proceedings

Dubai World secures approval to cease court proceedings Subscription Required

26 March 2015 | By Rebecca Spong

Deal to be concluded in matter of weeks

Ajman Bank raises $155m Islamic loan

Ajman Bank raises $155m Islamic loan Subscription Required

23 March 2015 | By Rebecca Spong

UAE banks participate in syndication

Egypt's Qalaa Holdings on track to profitability

Qalaa Holdings on track to profitability Subscription Required

23 March 2015 | By Rebecca Spong

Egyptian firm raising fresh liquidity to fund growth

Apicorp will be using the money raised to support equity investments in regional energy projects

Apicorp signs sharia-compliant syndicated loan Subscription Required

23 March 2015 | By Rebecca Spong

Company to use funds to invest in regional energy projects

Power plant

Major Saudi Arabia projects secure funding Subscription Required

23 March 2015 | By Rebecca Spong

PetroRabigh Phase II and Rabigh IWSPP raise financing in March

Dubai World debt restructuring 'credit-positive'

Banks sell off Dubai World debt exposure Subscription Required

20 March 2015 | By Rebecca Spong

Move by three banks comes ahead of debt restructuring

Qatar National Bank headquarters

QNB closes $3bn syndicated loan Subscription Required

18 March 2015 | By Colin Foreman

Bank says offering was well received and supported by 20 international banks

Power transmission

Islamic Bank financing Egypt-Saudi power link

16 March 2015 | By Andrew Roscoe

Cross-border link will have capacity to transport 3,000MW a day

Calls for more state firms to use Egyptian Exchange

Calls for more state firms to use Egyptian Exchange

15 March 2015 | By Rebecca Spong

Chairman of EGX says market can help fund government-owned companies’ growth

Egypt money

'Brave steps' tackled Egypt dollar black market

14 March 2015 | By Rebecca Spong

Central bank has ‘zero tolerance’ for parallel market, says governor

Sharm el-Sheikh in Egypt

World leaders gather in Sharm el-Sheikh

13 March 2015 | By Richard Thompson

Egypt Economic Development Conference to set out Cairo’s reform and investment programme

Lloyd's of London headquarters in the UK

Lloyd’s of London opens up in Dubai Subscription Required

12 March 2015 | By Rebecca Spong

Insurer wants to expand business in the Middle East

Oman’s Islamic bond market remains limited

Omantel to seek approval for sukuk Subscription Required

10 March 2015 | By Rebecca Spong

Oman’s Islamic bond market remains limited

Qatar finance

World economy challenges Qatari banking Subscription Required

10 March 2015 | By Philippa Wilkinson

Financial policy will focus on monetary stability

QNB

Qatar banks loans rising 10 per cent a year Subscription Required

10 March 2015 | By Austyn Allison

Country expects bank assets to hit $336bn by 2017

Sheikh Abdullah bin Saud al-Thani, governor of the Qatar Central Bank

Qatar looks to spread Islamic banking in China Subscription Required

10 March 2015 | By Robert Jones

Agreements signed with South Korea and China

Egyptian currency

Egypt's microfinance firms must comply with new law Subscription Required

10 March 2015 | By Rebecca Spong

Egyptian Financial Supervisory Authority chairman says NGOs have until May to secure licences

Allocation of Gulf wealth

GCC investors still opt for real estate Subscription Required

9 March 2015 | By Rebecca Spong

GCC investors prefer real estate, while appetite for stocks and bonds remains limited  

Comment

 Concerns over deal pipeline but new opportunities emerge

Lenders eye prospects in new markets Subscription Required

11 March 2015 | By Rebecca Spong

Project finance market remains apprehensive about impact of lower oil prices

As the most populous Arab country, much of Egypt's infrastructure is ill-equipped to meet the needs of its people

All eyes on Egypt Subscription Required

3 March 2015 | By Andrew Roscoe

International community eagerly anticipating country’s impending infastructure boom

Renewables

Jordan’s renewables plan gains momentum Subscription Required

24 February 2015 | By Rebecca Spong

First phase projects move toward financial close

Dubai finance

Dubai World debt restructure good for banks Subscription Required

16 February 2015 | By Rebecca Spong

Creditor approval of debt restructuring deal will help to lower bad loan volumes

UAE banking sector set for tough 2015

UAE banking sector set for tough 2015 Subscription Required

3 February 2015 | By Rebecca Spong

Lenders posted record profits last year

Analysis

Craig Cowie, QInvest

Investors diversify on low oil prices Subscription Required

22 March 2015 | By Robert Jones

Opportunities sought around the GCC, as well as the US and Asia

Naoki Tamaki, chief representative in Dubai, Jbic

Naoki Tamaki, chief representative in Dubai, Jbic Subscription Required

3 March 2015 | By Andrew Roscoe

The executive from Japan Bank for International Cooperation says the Middle East and North Africa region will remain an important market for Japanese developers

Bahrain banking sector assets

Bahrain banking sector to come under pressure Subscription Required

2 March 2015 | By Rebecca Spong

Low oil price will do little to improve fortunes

Non-performing loan volumes in decline

UAE banks to weather difficult 2015 Subscription Required

16 February 2015 | By Rebecca Spong

New report says sector is well-equipped to deal with slowdown

UAE bank profits 2014

UAE banks to face a rocky 2015 Subscription Required

3 February 2015 | By Rebecca Spong

Analysts warn of slowdown in credit growth

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