DUBAI The World Bank has urged countries of the Gulf Cooperation Council (GCC) to prioritize environmental sustainability while diversifying their economies away from a reliance on hydrocarbon revenues in an era of lower energy prices.
DUBAI Saudi Arabia's Tadawul has introduced an equity index cap of 15% which is set to address concerns over the weighting oil giant Saudi Aramco will have when it lists on the exchange.
DUBAI Dubai's largest bank, Emirates NBD , has cut between 400 and 500 jobs since October, sources familiar with the matter said, as banks in the United Arab Emirates (UAE) reduce costs amid slower economic growth.
DUBAI Expo 2020 is unlikely to improve the dire conditions of Dubai's real estate market, S&P Global Ratings said, where residential property prices have fallen by over a quarter since 2014.
DUBAI Creditors of Abu Dhabi-based Al Jaber Group are considering enforcing claims against the owners of the group after delays in executing a restructuring agreement, the latest in a long-running debt dispute, two sources familiar with the matter said.
RIYADH/DUBAI The imminent listing of oil giant Aramco will be a pivotal moment for Saudi Arabia's young and untested Tadawul stock exchange.
DUBAI, Nov 6 Saudi Arabian mall operator Arabian
Centres is planning an inaugural sale of U.S.
dollar-denominated sukuk, or Islamic bonds, sources familiar
with the matter said, as firms in the Gulf take advantage of low
interest rates to raise debt.
By Rania El Gamal, Marwa Rashad, Saeed Azhar and Davide Barbuscia | Video
- von Saeed Azhar und Davide Barbuscia und Rania El Gamal und Marwa Rashad