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Finance

Latest finance news

In 2013, Carillion's local joint venture Al-Futtaim Carillion secured work on The Avenues for Dubai-based developer Meraas, with financial assistance from London

Carillion has the lead with UK funding Subscription

16 September 2014 | By

Firm has secured work on two projects with export credit guarantees so far this year

Dubai airport awards and Al Maktoum airport

UK offers funding for Dubai airport projects Subscription

16 September 2014 | By

Contractors looking to secure work using the export credit guarantees

Officials from the Tehran Stock Exchange have said they will attend an international exhibition later this year to promote foreign participation on the bourse

Tehran bourse to court international investors Subscription

15 September 2014 | By

Interest grows in Iranian economy

Dubai Business Bay

Empower secures Islamic financing facility Subscription

15 September 2014 | By

Fund will be used to develop district cooling network in Dubai

gas

Dana Gas signs project finance deal for UAE offshore gas field Subscription

10 September 2014 | By

First gas production due in first half of 2015

QNB

QNB acquires stake in pan-African bank Subscription

4 September 2014 | By

Qatar to strengthen ties with Africa

Oil barrels

Gunvor Group taps Middle East banks for funding Subscription

4 September 2014 | By

The oil products trading house signs $420m loan

Suez Canal

Egypt’s Central Bank predicts huge turnout for Suez Canal project Subscription

3 September 2014 | By

Project involves 34-kilometre-long parallel channel

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Finance trends

Dubai investment

Foreign investors buy into Dubai’s vision Subscription

28 August 2014 | By

Projects in the emirate are moving forward with foreign funding

Russia's President Vladimir Putin with Egyptian counterpart Abdul Fattah al-Sisi

Russia looks to the Middle East Subscription

21 August 2014 | By

As sanctions imposed by the West begin to bite, Russia faces a potential funding gap and is looking to form new alliances in the Middle East and North Africa

Egypt bank exposure to government debt

Egypt banks remain heavily exposed to sovereign debt Subscription

7 August 2014 | By

Lending to private sector remains low

Investment grade bond debt maturities by country

The Middle East’s refinancing burden Subscription

23 July 2014 | By

Region’s investment grade companies need to refinance $91bn-worth of debt by 2018

Qatar drives mergers and acquisitions

Qatar drives Middle East mergers and acquisitions Subscription

16 July 2014 | By

Value of deals in the second quarter highest since start of 2011

Qatar commercial bank lending

Private sector lending in Qatar picks up speed Subscription

1 July 2014 | By

Lending growth forecast to remain about 10-15 per cent a year

Growth in Egypt bank loans

Bank lending in Egypt gains momentum Subscription

23 June 2014 | By

Loan volume improves for fourth month in a row

UAE commercial banks loans and advances

UAE central bank says lending not driving real estate boom Subscription

12 June 2014 | By

Bank releases financial stability report for 2013

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MEED comment

Al-Maktoum International airport, in Dubai

UK in front for world's largest airport

18 September 2014 | By

New airport, not the Expo, is the largest Dubai construction scheme

Banking

Saudi banks look to new markets Subscription

17 July 2014 | By

Strong competition and tight margins are driving the kingdom’s lenders to explore new markets

Mining

Maaden’s new funding source Subscription

3 July 2014 | By

The involvement of foreign banks in a $5bn financing for the phosphates city project opens up new funding options for the mining company

Nakheel back from debt

The milestone is Nakheel is back Subscription

25 June 2014 | By

Prepaying all bank debts will allow Nakheel to return to its former glories

Banking

Banks return to growth mode Subscription

22 May 2014

Backed by steady deposits and economic growth, regional lenders are looking for new revenue streams

Riyadh

Saudi Arabia banks key to debt settlement Subscription

8 May 2014 | By

AH Al-Gosaibi’s plan to settle its debts will only bear fruit if Saudi and foreign lenders work together

Appetite

Dubai tests risk with Islamic bond Subscription

1 May 2014

Sukuk issuance will assess the true tone of investor confidence in the emirate’s debt market 

Dubai

Financing the Dubai boom Subscription

17 April 2014

Investor confidence is growing, but Dubai still needs to close several finance deals to attract future funding for revived infrastructure plans

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Special reports

Banking

Banking: The GCC's 20 leading Islamic banks

18 September 2014

While sharia-compliant finance is flourishing in the GCC, the industry in the wider region has yet to live up to its potential

Banking

Banking: Assets grow on economic recovery Subscription

22 May 2014

The regional banking industry is in strong health

Project finance

Banking: Sadara deal boosts project finance Subscription

30 January 2014

Last year was a bumper year for project finance deals in the Middle East and North Africa region, with $48.7bn of deals signed

Banking

Banking: Dubai leads region's bourses in 2013 Subscription

11 December 2013

The Dubai Financial Market has risen 80 per cent year-to-date, a clear sign the emirate is recovering from the 2008-09 real estate crash

See all finance special reports

Finance data

The GCC top 20 banks 2012 by profit

GCC banks by country Subscription

13 June 2013

The main banks in the GCC, listed by total assets for each country

The GCC top 20 banks 2012

Major GCC bank results: 2007 - 2012 Subscription

13 June 2013 | Updated: 18 June 2012

Finance figures for the Gulf’s 20 biggest banks, listing their customer deposits, loans and advances, total assets and profits

Banking and finance data Subscription

February 2013 Online Content

An overview of the Middle East banking and finance sector, 2005-2011

Saudi Bank Results: 2007 - 2011 Subscription

2 May 2012 | Updated: 2 May 2012

People

Massimo Falcioni Subscription

10 September 2014

Massimo Falcioni is head of Middle East countries at Coface

Harj Rai Subscription

20 July 2014

Harj Rai is partner in Riyadh and Dubai at Latham & Watkins

Villiers Terblanche Subscription

20 July 2014

Villiers Terblanche office managing partner, Abu Dhabi, Dubai, Doha at Latham & Watkins

Craig Nethercott Subscription

20 July 2014

Craig Nethercott is partner in Riyadh and Dubai at Latham & Watkins

Salman al-Sudairi Subscription

20 July 2014

Salman al-Sudairi is partner, Riyadh at Latham & Watkins

Amar Meher Subscription

20 July 2014

Amar Meher is counsel in Riyadh at Latham & Watkins

See all finance biographies

Meet the analyst


Rebecca Spong
Finance and Banking Editor


Phone: +971 (0)4 818 0255
Email: rebecca.spong@meed.com

Latest comment

See all articles written by Rebecca Spong

Tenders

Kuwait: Financial consolidation solution Subscription

20 August 2014 | By

Supply of a financial consolidation solution

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