United Kingdom

Davide Barbuscia

World Bank urges Gulf countries to prioritize environmental sustainability

04 Dec 2019

DUBAI The World Bank has urged countries of the Gulf Cooperation Council (GCC) to prioritize environmental sustainability while diversifying their economies away from a reliance on hydrocarbon revenues in an era of lower energy prices.

Saudi exchange to limit Aramco index weighting with cap

02 Dec 2019

DUBAI Saudi Arabia's Tadawul has introduced an equity index cap of 15% which is set to address concerns over the weighting oil giant Saudi Aramco will have when it lists on the exchange.

Emirates NBD has cut over 400 jobs since October - sources

28 Nov 2019

DUBAI Dubai's largest bank, Emirates NBD , has cut between 400 and 500 jobs since October, sources familiar with the matter said, as banks in the United Arab Emirates (UAE) reduce costs amid slower economic growth.

Expo 2020 unlikely to stop Dubai's real estate downward trajectory: S&P

25 Nov 2019

DUBAI Expo 2020 is unlikely to improve the dire conditions of Dubai's real estate market, S&P Global Ratings said, where residential property prices have fallen by over a quarter since 2014.

Creditors of UAE's Al Jaber consider enforcing debt claims: sources

24 Nov 2019

DUBAI Creditors of Abu Dhabi-based Al Jaber Group are considering enforcing claims against the owners of the group after delays in executing a restructuring agreement, the latest in a long-running debt dispute, two sources familiar with the matter said.

Giant Aramco listing a critical test for young Saudi exchange

12 Nov 2019

RIYADH/DUBAI The imminent listing of oil giant Aramco will be a pivotal moment for Saudi Arabia's young and untested Tadawul stock exchange.

Saudi mall operator Arabian Centres plans debut dollar bond sale – sources

06 Nov 2019

DUBAI, Nov 6 Saudi Arabian mall operator Arabian Centres is planning an inaugural sale of U.S. dollar-denominated sukuk, or Islamic bonds, sources familiar with the matter said, as firms in the Gulf take advantage of low interest rates to raise debt.

Saudi Aramco kick-starts what could be world's biggest IPO, offers scant details

04 Nov 2019

By Rania El Gamal, Marwa Rashad, Saeed Azhar and Davide Barbuscia | Video

Saudi-Arabien startet Mega-Börsengang des Ölgiganten Aramco

04 Nov 2019

- von Saeed Azhar und Davide Barbuscia und Rania El Gamal und Marwa Rashad

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