Edition:
United Kingdom

Davide Barbuscia

Iran economy could rebound to 4.4% growth if U.S. sanctions lifted: IIF

26 Nov 2020

DUBAI Iran's economy could grow 4.4% next year if U.S. President-elect Joe Biden lifts sanctions that have contributed to a deep three-year recession, although the COVID-19 crisis could limit foreign investment, the Institute of International Finance (IIF) said.

Abu Dhabi's Mubadala seeks Israeli partners on technology investment

25 Nov 2020

DUBAI Abu Dhabi state investor Mubadala plans to identify potential fund partners in Israel and find high-growth technology firms in which to co-invest, as the United Arab Emirates and Israel seek to boost commercial ties after normalising relations.

G20 to extend debt relief to mid-2021, pushes private sector to help

22 Nov 2020

DUBAI/WASHINGTON Leaders of the world's 20 biggest economies on Sunday endorsed a plan to extend a freeze in official debt service payments by the poorest countries to mid-2021 and backed a common approach for dealing with their debt problems.

G20 says it will strive for fair global access to COVID-19 vaccine

22 Nov 2020

DUBAI/RIYADH Leaders of the 20 biggest economies vowed on Sunday to spare no effort to supply COVID-19 drugs, tests and vaccines affordably and fairly to "all people", reflecting worries that the pandemic could deepen divisions between the world's rich and poor.

Aramco bond pricing leaves no doubt investors see it as Saudi proxy

19 Nov 2020

DUBAI The pricing of Aramco's $8 billion jumbo bonds this week has made clear that markets look at the oil giant as a proxy for Saudi Arabia, investors say, a change from last year's inaugural bond issue that valued its risk as lower than the government's.

MIDEAST DEBT-Aramco bond pricing leaves no doubt investors see it as Saudi proxy

19 Nov 2020

DUBAI, Nov 19 The pricing of Aramco's $8 billion jumbo bonds this week has made clear that markets look at the oil giant as a proxy for Saudi Arabia, investors say, a change from last year's inaugural bond issue that valued its risk as lower than the government's.

Abu Dhabi's ADQ eyes around $1 billion loan to back Louis Dreyfus deal: sources

18 Nov 2020

DUBAI Abu Dhabi state-owned ADQ is in talks with banks for a loan of about $1 billion that would back its acquisition of a 45% stake in commodities trader Louis Dreyfus Co (LDC), three sources said.

Abu Dhabi's ADQ eyes around $1 bln loan to back Louis Dreyfus deal - sources

18 Nov 2020

DUBAI, Nov 18 Abu Dhabi state-owned ADQ is in talks with banks for a loan of about $1 billion that would back its acquisition of a 45% stake in commodities trader Louis Dreyfus Co (LDC), three sources said.

Oman talks to banks about new loan of at least $1 billion: sources

18 Nov 2020

DUBAI Oman is discussing a loan of at least $1 billion with a group of banks, sources said, as the oil-producing Gulf state seeks more funding ahead of heavy debt redemptions over the next two years.

Oman talks to banks about new loan of at least $1 billion - sources

18 Nov 2020

DUBAI, Nov 18 Oman is discussing a loan of at least $1 billion with a group of banks, sources said, as the oil-producing Gulf state seeks more funding ahead of heavy debt redemptions over the next two years.

World News