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18/11/2019

Emirates will purchase Airbus A350 wide-body aircraft, more than 30 it agreed to take in an outline deal in February 2019.

18/11/2019

Banque du Liban Governor Riad Salameh asked lenders earlier this month to ease some of the restrictions they imposed, meant to prevent capital flight and avoid a run on the banks.

18/11/2019

Plans to market the deal in the US, Canada and Japan were dropped, although foreign investors registered in Saudi Arabia will still be able to buy shares.

18/11/2019

Saudi Aramco will sell just 1.5 per cent of its shares on the local stock exchange, about half the amount that had been considered and seek a valuation of between $1.6 trillion and $1.71 trillion.

18/11/2019

In June 2019, Sanad Aerotech secured a $6.5 billion contract to service hundreds of engines that power the Airbus A330 jetliner from Rolls-Royce Holdings.

18/11/2019

Al Etihad Credit Bureau collects information from multiple entities including banks, finance companies and telecommunication companies to produce reports, scores and indicators which are made available to individuals and companies in the UAE.

18/11/2019

Al Etihad Credit Bureau collects information from multiple entities including banks, finance companies and telecommunication companies to produce reports, scores and indicators which are made available to individuals and companies in the UAE.

18/11/2019

Saudi Arabia (A-/Stable/A-2) put a preliminary valuation on its state-owned oil giant Saudi Aramco of between $1.6 trillion and $1.71 trillion, short of the $2 trillion target set by Crown Prince Mohammed bin Salman in 2016.

18/11/2019

In July 2019, the UAE announced that it will allow foreigners to own 100 per cent of businesses across industries and the federal government will leave it to individual emirates to decide the ownership percentage in each activity according to their circumstances.

17/11/2019

Proceeds will be transferred to the Public Investment Fund, the Kingdom sovereign fund, which has been making a number of bold investments such as $45 billion into SoftBank’s Vision Fund, taking a $3.5 billion stake in Uber Technologies and planning a $500 billion NEOM city.

17/11/2019

The recent temporary but prolonged bank closures and unofficial foreign currency transfer restrictions raise questions about the sustainability of the exchange rate regime, further eroding confidence.

17/11/2019

The escalating trade war between the two countries has taken a toll on US manufacturing and business investment.

17/11/2019

The Monetary Authority of Singapore (MAS) said that UBS’s advisers engaged in acts that deceived or were likely to deceive its clients about the spreads and prices on bond and structured product transations.

17/11/2019

The deal for the long-range A321LR planes, worth more than $250 million could be signed at the Dubai Airshow.

17/11/2019

Egypt’s fourth rate cut for 2019 is unlikely to dent the attractiveness of its carry trade, in which investors borrow in currencies where rates are low and invest in the local assets of countries where they’re high.

17/11/2019

Egypt is pushing ahead with a sweeping economic programme that was kick-started in 2016 with the devaluation of the currency in order to secure a $12 billion International Monetary Fund (IMF) loan and attract foreign investment.

17/11/2019

Fitch Ratings warned in September 2019 a weakening property market in the UAE and a global slowdown is likely to put more pressure on the asset quality of the banking sector.

17/11/2019

The securities would have a tenor of at least five years; however, the city has not mandated any banks to advise on the plan.

17/11/2019

The state-owned energy giant is set to launch a share sale process on 17 November 2019.

14/11/2019

The state investorfiled the lawsuit against the Swiss bank Monday and the complaint was described as a ‘commercial fraud’s case in the court docket.

14/11/2019

The Federal Trade Commission (FTC) has been reaching out to large merchants and their trade groups over the issue as part of a preliminary inquiry.

14/11/2019

The EV-giant unveiled its first vehicles assembled at the Shanghai facility earlier this month, made as part of trial operations.

14/11/2019

The technology allows data to be collected using several thousands of sensors deployed by air as ADNOC tests safer, faster and more efficient acquisition of high-resolution seismic images.

14/11/2019

The deal marks the latest milestone in the state-owned energy company’s efforts to eliminate the production of high-sulphur fuel oil and become a ‘zero-fuel oil’ refining business.

14/11/2019

Actus and Istanbul Portfoy are seeking to create the nation’s largest money manager not owned by a bank.

14/11/2019

Last week, Moody’s downgraded Lebanon deeper into junk, citing the increased likelihood of what may constitute a default under its definition.

14/11/2019

The investment will sustain long-term crude oil production capacity from the state-owned energy company’s oil field that produces Murban crude.

13/11/2019

Enhancing Walvis Bay as a hub will support Namibia by increasing trade flows with surrounding markets due to Namibia’s prime location on the SADC corridor.

13/11/2019

UBS will repay approximately HKD 200 million in overcharges and interest to some 5,000 Hong Kong-managed client accounts.

13/11/2019

Temasek may join a wave of Asian and global issuers turning to Europe’s bond market, as negative interest rates and investor demand holds down borrowing costs versus dollars.

13/11/2019

The AAA-rated lender hired Citi, First Abu Dhabi Bank as well as HSBC, Natixis, Societe Generale and Standard Charted Bank as joint lead managers and bookrunners for the issuance.

13/11/2019

According to the International Monetary Fund, Saudi Arabia, the oil group’s biggest member and one of its richest, requires a price of $84 a barrel to finance government spending.

13/11/2019

Locals were consistent net sellers even before the listing was confirmed, stepping up their disposals amid rising geopolitical concerns, such as the September 2019 drone attacks on the state-owned oil company’s oil facilities.

13/11/2019

There is been strong interest from international investors and a financial adviser is assessing potential bids, the valuation of Nusr-Et as a standalone enterprise is projected to be around $1 billion.

13/11/2019

According to industry analysts, liquefied natural gas (LNG) is the fastest-growing hydrocarbon with a growth rate close to four per cent per annum.

12/11/2019

The watch beat the previous record, set by a Daytona Rolex that once belonged to Paul Newman—that piece fetched $17.8 million in 2017.

12/11/2019

Bank of America is one of more than 20 institutions working on Saudi Aramco’s initial public offering which is expected to be the biggest ever.

12/11/2019

The start-up raised a total of $4.1 million in past funding rounds, bringing its total venture capital investment to $27.1 million.

12/11/2019

The UAE branch offers enhanced services and will strengthen the lender's regional presence.

12/11/2019

Turkey’s military pension fund Oyak had reached a provisional agreement to take over British Steel, but the deal was thrown into jeopardy as exclusive negotiations with Turkish company approached the deadline in October 2019 without an agreement.

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