Edition:
United Kingdom

Tom Arnold

Abu Dhabi Commercial Bank picks Barclays to advise on merger: sources

14 Nov 2018

ABU DHABI/DUBAI Barclays has been appointed by Abu Dhabi Commercial Bank (ADCB) to advise on a potential merger plan involving Union National Bank (UNB) and Al Hilal Bank, banking sources told Reuters.

SoftBank seeks Deutsche's advice on Saudi power investments-sources

12 Nov 2018

DUBAI SoftBank has hired Deutsche Bank to advise on its power investment plans in Saudi Arabia, two sources familiar with the matter said.

SoftBank seeks Deutsche's advice on Saudi power investments: sources

12 Nov 2018

DUBAI SoftBank has hired Deutsche Bank to advise on its power investment plans in Saudi Arabia, two sources familiar with the matter said.

UAE C.Bank now free to link banks' exposure to real estate to market strength- senior banker

11 Nov 2018

DUBAI, Nov 11 The United Arab Emirates' central bank now has the flexibility to set new exposure limits for banks to the real estate sector and can amend these to reflect market performance, a senior commercial banker said on Sunday

Exclusive: Mystery company named by murdered Maltese journalist is linked to power station developer

09 Nov 2018

VALLETTA/DUBAI In February 2017, the Maltese investigative journalist Daphne Caruana Galizia wrote in her blog about a mystery company in Dubai called 17 Black Limited. She alleged it was connected to Maltese politicians, but offered no evidence.

UPDATE 1-Kuwait Finance House expects board to decide on AUB merger before year-end -CEO

07 Nov 2018

ABU DHABI, Nov 7 The board of Kuwait Finance House will likely decide on whether to go ahead with a merger with Bahrain's Ahli United Bank before the end of the year, its chief executive told Reuters.

Abraaj fund investors hire Duff & Phelps to help recover money: sources

05 Nov 2018

DUBAI Investors in one of Abraaj's Middle East and North Africa funds have hired New York-based Duff & Phelps in an effort to recover money owed by the stricken private equity company, say sources familiar with the matter.

Abu Dhabi’s Mubadala in talks with banks to refinance loan - sources

05 Nov 2018

DUBAI, Nov 5 Abu Dhabi’s Mubadala is in talks with banks to refinance an existing $1.75 billion revolving loan due in May next year, three sources familiar with the matter said.

Dubai theme park operator working with Moelis & Co on debt restructuring: sources

01 Nov 2018

DUBAI Ilyas & Mustafa Galadari Group (IMG), the Dubai-based operator of the world's largest indoor theme park, has hired Moelis & Co to advise it on a debt-restructuring, four banking sources told Reuters.

HSBC sees doubling of commercial bank's MENA profit by 2023: executive

31 Oct 2018

DUBAI China's Belt and Road Initiative and plans by Gulf economies to diversify from oil will help HSBC to more than double its profit within its commercial bank in the Middle East and North Africa, a senior bank executive said.

World News