Edition:
United Kingdom

Davide Barbuscia

Rouhani urges anti-money laundering compliance to curb Iran isolation

27 Jan 2020

DUBAI President Hassan Rouhani said on Monday Iran should stick to rules set by an anti-money laundering watchdog to protect ties between the sanctions-hit country and international banks, as a deadline for compliance looms.

Kuwait could need $180 billion in financing over the next six years: IMF

27 Jan 2020

DUBAI The International Monetary Fund estimates that Kuwait's financing needs will amount to some $180 billion over the next six years given the Gulf state's "modest" fiscal measures and expectations of lower oil prices.

Insurer Marsh sees demand spike for political violence cover in the Gulf

22 Jan 2020

DUBAI, Jan 22 Marsh, one of the world's largest insurance brokers and risk advisers, has seen a spike in clients' enquiries for political violence cover in the Gulf after attacks on tankers and oil installations rattled the region last year, an executive said.

Saudi Arabia raises $5 billion as bond investors brush off Gulf jitters

22 Jan 2020

DUBAI Saudi Arabia has raised $5 billion in bonds after receiving around $20 billion in orders, a sign that an escalation in geopolitical tensions in the Gulf has not deterred investors looking for high returns amid low global rates.

UPDATE 3-Saudi Arabia raises $5 bln as bond investors brush off Gulf jitters

22 Jan 2020

DUBAI, Jan 21 Saudi Arabia has raised $5 billion in bonds after receiving around $20 billion in orders, a sign that an escalation in geopolitical tensions in the Gulf has not deterred investors looking for high returns amid low global rates.

CORRECTED-UPDATE 1-Qatar National Bank issues $600 mln Formosa bond

16 Jan 2020

DUBAI, Jan 16 Qatar National Bank, the Gulf's biggest bank by assets, has issued a $600 million Formosa bond as part of efforts to diversify its funding sources, a spokesman said, while sources said the issue was for 40 years.

Oman's new sultan faces 'balancing act' as credit crunch looms

15 Jan 2020

DUBAI Holders of more than $20 billion of Oman's dollar bonds want the new sultan to push through urgent reforms to ward off a credit crunch in the Gulf's worst performing economy.

As Aramco hails record IPO, Abu Dhabi's ADNOC whips up $19 billion

15 Jan 2020

Dubai The talk's all been about Saudi Aramco, and the suspense of its historic drive to whip up international cash. But, more quietly, its Gulf oil peer ADNOC has also been courting foreign funds - and its efforts compare favorably.

Iran recession to deepen, reserves to fall to $73 billion by March: IIF

15 Jan 2020

DUBAI Hit by sanctions curbing oil sales, Iran's economy is set to fall deeper into recession this fiscal year and foreign reserves could drop to $73 billion by March, a loss of almost $40 billion in two years, the Institute of International Finance said.

RPT-OBITUARY-Sultan Qaboos ushered in Oman renaissance, quiet diplomacy

11 Jan 2020

DUBAI, Jan 11 Sultan Qaboos bin Said, who died late on Friday, transformed Oman during his 49-year reign from a poverty-stricken country torn by dissent into a prosperous state and an internationally trusted mediator for some of the region's thorniest issues.

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