Edition:
United Kingdom

Davide Barbuscia

Emirate of Ajman plans debut international bond

12 Dec 2018

DUBAI, Dec 12 Ajman, the smallest emirate in the seven-member UAE federation, plans to sell its first U.S. dollar-denominated bond next year, a government official told Reuters.

Doha Bank to cut construction exposure, keep UAE branches: CEO

11 Dec 2018

DOHA Doha Bank will cut its exposure to construction companies to 10 percent from 17 percent of lending in the next three years, its CEO said on Tuesday, part of efforts to adjust to a building industry downturn following a slump in oil prices.

Doha Bank to cut construction exposure, keep UAE branches -CEO

11 Dec 2018

DOHA, Dec 11 Doha Bank will cut its exposure to construction companies to 10 percent from 17 percent of lending in the next three years, its CEO said on Tuesday, part of efforts to adjust to a building industry downturn following a slump in oil prices.

Qatar considers selling dollar bonds for benchmark purposes only

10 Dec 2018

DOHA, Dec 10 Qatar does not need to raise debt through international bonds next year because its budget forecasts an economic surplus, but it might issue dollar debt to provide a pricing benchmark to government-related entities that plan to sell bonds, a finance ministry official said.

Standard Chartered cuts jobs in UAE retail bank: sources

10 Dec 2018

DUBAI Standard Chartered is cutting jobs in its retail bank in the United Arab Emirates, in part as more customers move to digital services, people familiar with the matter told Reuters.

Oman sovereign fund eyes defensive sectors amid risks for global economy

10 Dec 2018

DOHA, Dec 10 Oman Investment Fund (OIF) may target defensive sectors such as healthcare and insurance in the short-term as more downside risks emerge for global economy, its chief strategy officer said.

Qatar's Commercial Bank to raise up to $1 billion in debt next year -CEO

09 Dec 2018

DOHA, Dec 9 Qatar's Commercial Bank could raise up to $1 billion in debt next year by tapping a range of various debt instruments, as the country's third-largest lender by assets aims to further diversify its funding sources, the bank's chief executive said.

Abu Dhabi meets bond investors in non-deal roadshow, sources say

06 Dec 2018

ABU DHABI/DUBAI, Dec 6 Abu Dhabi held meetings with international bond investors in a so-called non-deal roadshow before a potential bond issue next year, sources familiar with the matter said, as a recent drop in oil prices might prompt Gulf countries to borrow soon.

Dubai's ruler snubs Kuwait request to release frozen funds: letter

05 Dec 2018

DUBAI Dubai's ruler has resisted efforts by Kuwait to release nearly $500 million in frozen funds at the heart of a money laundering probe straining relations between the two Gulf allies, according to correspondence seen by Reuters.

Exclusive - Abraaj founder Naqvi pitches last-ditch rescue bid to investors

28 Nov 2018

DUBAI Arif Naqvi, founder of troubled buyout firm Abraaj, is making a last-ditch effort to rescue the remaining business of what was once one of the largest investors in emerging markets.

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