Edition:
United Kingdom

Davide Barbuscia

Etihad and Abu Dhabi likely to reject bondholder complaints -sources

11 Oct 2018

ABU DHABI/DUBAI Etihad Airways and Abu Dhabi's Department of Finance are likely to reject calls for a meeting with disgruntled bond investors in the belief that their complaints have no legal merit, sources close to the matter told Reuters.

Qatari banks raise over $1 billion in privately placed bonds – sources

11 Oct 2018

DUBAI Qatar National Bank , the largest bank by assets in the Middle East and Africa, and Qatar Islamic Bank , the Gulf state's largest sharia-compliant lender by assets, have raised a combined $1.3 billion in privately placed bonds, sources familiar with the matter said.

Moelis' advisory mandate on ADNOC business review ends this year: sources

10 Oct 2018

DUBAI U.S. investment bank Moelis' mandate to advise the Abu Dhabi National Oil Company (ADNOC) on strategy and investment opportunities across the oil giant's businesses will end this year, sources familiar with the matter said.

Saudi dairy company Almarai hires banks for debut dollar sukuk –sources

10 Oct 2018

DUBAI, Oct 10 The Gulf's biggest dairy company Almarai has hired banks including HSBC and First Abu Dhabi Bank to arrange a sale of U.S. dollar sukuk, or Islamic bonds, sources familiar with the matter said on Wednesday.

UPDATE 1-Bahrain does not plan new dollar bond issue this year

09 Oct 2018

DUBAI, Oct 9 Bahrain does not plan to issue new U.S. dollar-denominated bonds this year, a central bank official told investors on Tuesday, after the kingdom secured a $10 billion aid package from Gulf neighbours last week, one source said.

Oman could announce U.S. dollar sukuk sale as early as Monday - sources

08 Oct 2018

DUBAI, Oct 8 The government of Oman could announce a plan to issue new U.S. dollar-denominted sukuk, or Islamic bonds, as early as Monday, sources familiar with the matter said, speaking on condition of anonymity.

MIDEAST STOCKS-Saudi petchems down as first quarterly results weigh on soft market

07 Oct 2018

* Advanced Petrochemical posts decline in quarterly net income

Bahrain promised $10 billion of support from Gulf neighbors

04 Oct 2018

DUBAI Saudi Arabia, Kuwait and the United Arab Emirates have agreed to give Bahrain $10 billion to support the country's funding requirements as it embarks on a fiscal program aimed at eliminating its budget deficit by 2022.

Dubai's $36 billion Al Maktoum airport expansion put on hold: sources

03 Oct 2018

DUBAI The expansion of Dubai's second airport, Al Maktoum International, to handle 120 million passengers a year by 2025 has been delayed, according to sources familiar with the matter.

Dubai's $36 bln Al Maktoum airport expansion put on hold - sources

03 Oct 2018

DUBAI, Oct 3 The expansion of Dubai's future airport Al Maktoum International to handle 120 million passengers a year by 2025 has been delayed, according to sources familiar with the matter.

World News