Monday, February 18, 2019

UAE Federal Bank to Sell Bond Following Passage of Debt Law

A federal lender in the United Arab Emirates (UAE) will be the first to utilize the country’s newly effective debt law by selling its...
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Bahrain to Focus on ‘Stringent Cost Controls’ to Balance Budget

Bahrain, one of the oil-rich Gulf’s most vulnerable economies, will focus on “stringent cost controls” as it seeks to cut its budget deficit and...
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With the Midas touch

Areej Mohsin Darwish, Chairperson of MHD Group, talks about her vision for the group and the company’s strategy to tackle new business challenges. Excerpts...
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Dubai Investments acquires stake in Globalpharma for 100% ownership

Dubai Investments announced the acquisition of an additional 66% stake in Globalpharma. Following the acquisition, made through Dubai Investments Industries, the pharmaceuticals company will...
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Oman Business Forum Kicks off

The Oman Business Forum held its annual meeting this year in the presence of the forum members including ministers, members of the Public-Private Partnership...
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Exxon, Qatar Bet on U.S. Gas Export With $10 Billion Project

Exxon Mobil Corp. and Qatar Petroleum are officially moving forward with a $10 billion liquefied natural gas export terminal in Texas, the latest in...
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Emirates to Fill Pilot Gap With Exodus From Etihad, Norwegian

Emirates, the world’s biggest long-haul airline, may feed its appetite for new pilots with recruits from neighbor Etihad Airways and cash-strapped discounter Norwegian Air...
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Lebanon Seeks Funds From More Allies After Qatar’s $500 Million

Lebanon is in talks with allies to secure financial backing that would help it manage one of the world’s biggest debt burdens after Qatar...
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Deutsche Bank May Cut Bonuses If Revenue Stalls, CFO Says

Deutsche Bank AG may cut bonuses if its revenue fails to grow, Chief Financial Officer James von Moltke said on Monday. Variable compensation is one...
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Nissan GT-R50 Makes Middle East Debut

The Nissan GT-R50 by Italdesign has made its Middle East debut at Dubai Autodrome, as part of a global tour. The showcase of the GT-R50...
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