Edition:
United Kingdom

Davide Barbuscia

MOVES-Credit Suisse hires Mizuho banker as Saudi Arabia CEO – sources

04 Aug 2019

DUBAI, Aug 4 Credit Suisse has hired Khalid Al Ghamdi, currently managing director at Mizuho Saudi Arabia, as its new Saudi Arabia CEO, two sources close to the matter said.

Saudi Binladin group seeks adviser for jumbo debt restructuring: sources

31 Jul 2019

LONDON/DUBAI The Saudi Binladin Group is seeking a financial adviser for a restructuring of the group's debt, which could range between $20 and $30 billion, sources familiar with the matter said.

Oman to delay VAT to 2021 amid sluggish growth

30 Jul 2019

DUBAI Oman plans to introduce value-added tax in 2021, it said in a document, further delaying a fiscal consolidation measure that economists say could be politically sensitive at a time of sluggish growth and high unemployment.

Exclusive: UAE's Dana Gas hires adviser to sell Egypt assets

28 Jul 2019

LONDON/DUBAI United Arab Emirates' Dana Gas has hired investment bank Tudor, Pickering, Holt & Co. (TPH) to advise it on the sale of its Egyptian assets, worth over $500 million, two sources familiar with the matter said, as the company shifts its focus to its Kurdistan operations.

Saudi sovereign fund to cut banks' returns with new $10 billion loan: sources

25 Jul 2019

DUBAI Saudi Arabia's Public Investment Fund (PIF) is putting together a $10 billion loan and plans to more than halve the returns it gave banks last year in its first multibillion dollar facility, two banking sources familiar with the matter said.

Saudi sovereign fund to cut banks' returns with new $10 billion loan - sources

25 Jul 2019

DUBAI, July 25 Saudi Arabia's Public Investment Fund (PIF) is putting together a $10 billion loan and plans to more than halve the returns it gave banks last year in its first multibillion dollar facility, two banking sources familiar with the matter said.

UPDATE 2-Oman hires banks for dollar bond after cutting deficit

24 Jul 2019

DUBAI, July 24 The government of Oman has hired banks ahead of a planned issue of U.S. dollar bonds, its first this year, as the junk-rated country seeks to cover its budgetary needs.

Deficit cut, Fitch note give respite to Oman's debt investors

23 Jul 2019

DUBAI Oman's bond investors gained some respite this week as Fitch affirmed its rating for the indebted country and the government published encouraging deficit figures, potentially paving the way for the Gulf oil producer's next debt sale.

Deficit cut, Fitch note give respite to Oman's debt investors

23 Jul 2019

DUBAI, July 23 Oman's bond investors gained some respite this week as Fitch affirmed its rating for the indebted country and the government published encouraging deficit figures, potentially paving the way for the Gulf oil producer's next debt sale.

MIDEAST DEBT-Buyer beware as Gulf 'club' bonds risk eroding value

22 Jul 2019

DUBAI, July 22 The practice of Gulf banks clubbing together on debt issues to guarantee demand for major borrowers is in danger of eroding value for international investors, banking and market sources said, following a poor market run for Saudi Aramco's debut bond.

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