Investors made orders worth nearly $14bn for the long five-year bonds
Environmental disasters can disrupt the economy and threaten financial stability
PIF raised $11bn through a five-year loan last year and is in advanced talks to borrow $10bn more
The Dubai index was boosted by Emaar, which saw strong gains following its China deal
Dubai’s DFSA has been investigating Abraaj Capital over a range of matters
Aramco plans what would be the world’s biggest stock market listing in 2020 or 2021
First Abu Dhabi Bank reported a 5 per cent increase in net profit for the second quarter
The lender said it expects mid-single digit profit growth and high-single digit growth in loans for 2019
Currently the bank has four branches in Saudi – two in Riyadh, one in Jeddah and one in Khobar
Second-quarter net profit jumped 80 per cent to Dhs4.74bn
OCTAL will use part of the bank financing to refinance some of its existing debt and to fund expansion
The transaction includes investments in 14 portfolio companies across the two funds
The company has a portfolio of assets across different sectors in the UAE
Robo-advisors provide investment management services using algorithm-based tools and technology
ADIA has been reducing its reliance on external fund managers and boosting in-house investment capabilities
Riyadh has been encouraging more family-owned companies to list on the domestic stock market
Four new categories have been announced, primarily targeting non-finance firms
Kuwait rose for the eighth straight session following MSCI’s decision to include the country in its main emerging markets index
A series of investor meetings are set to be held in Hong Kong, Singapore and London
The Kuwait bourse fell back after seven straight gains
Cash refunds have been capped at Dhs7,000 per tourist per day
The bank is upgrading its licence in Abu Dhabi to an asset management company from a representative office
The Saudis have sold nearly $60bn in international bonds since their debut as a global borrower in late 2016
The kingdom started marketing early on Tuesday an eight-year bond trance and a 20-year tranche
The kingdom is looking to diversify its investor base
The measure comes amid Abu Dhabi’s wider plans to lower costs and reduce barriers for doing business
Former managing partner Mustafa Abdel-Wadood was arrested in New York in April and released on bail
The Sukuk was oversubscribed by 10 times, receiving orders of $4.8bn
The combined entity will remain listed on the Dubai stock exchange
The Kuwaiti market has outperformed markets in the Middle East this year in anticipation of the MSCI move