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
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, 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.
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.
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.
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.
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/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 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.
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.