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Abu Dhabi's International Petroleum Investment Company has signed an $850 million, three-year syndicated loan with mandated lead arrangers Barcap, BNP Paribas, Bank of America Merrill Lynch, DBS and Standard Chartered, bankers said.
March 4, 2012 10:55
Bahrain's Gulf Finance House swung to a full-year profit in 2011 as the troubled sharia-compliant investment firm said its restructuring plan, which included significant cost-cutting, helped reverse its fortunes.
March 1, 2012 1:48
Abu Dhabi's government-owned Tourism Development Investment Company (TDIC), builder of branches of the Louvre and Guggenheim museums, is mulling asset sales to help repay $2 billion in debt maturing in 2014, its chief financial officer said.
February 27, 2012 12:53
Libya is amending its banking laws to attract foreign investment and stimulate its private sector as it seeks to create an investor-friendly environment following last year's war that ousted Muammar Gaddafi, the central bank governor said.
February 26, 2012 11:35
Kuwait Projects Co. , the country's largest investment firm, saw its net profit fall 54 percent in the fourth quarter, and posted a 33 percent drop in yearly profit compared to 2010.
February 23, 2012 11:07
Investment funds advised by Levant Capital and Citi Venture Capital International took a $100 million joint controlling stake in Saudi Arabia-based supermarket chain al-Raya, they said in a joint statement on Wednesday.
February 22, 2012 1:03
Futures exchange operator CME Group Inc. and an Omani sovereign fund boosted their stake in the Dubai Mercantile Exchange after a cash infusion on Tuesday, diluting positions held by oil majors and the ruler of Dubai's investment vehicle.
February 21, 2012 4:15
An Abu Dhabi sovereign wealth fund is exploring the sale of its $1.3 billion stake in Malaysian lender RHB Capital Bhd six months after buying the shares, sources familiar with the matter told Reuters, and has engaged in early talks with Japan's Sumitomo Mitsui Banking Corp (SMBC).
February 14, 2012 2:21
Shuaa Capital's net loss narrowed in the fourth quarter as the investment bank cut costs and quit unprofitable businesses to offset the impact of slumping global markets and Arab political unrest.
February 13, 2012 2:19Alternative investment manager Investcorp reported a 90-percent drop in half-year profits on Monday, hit by declining hedge fund revenues.
February 13, 2012 2:17
Khalaf Al Habtoor discusses French investments in the UAE and the political situation in the region while in Paris
February 12, 2012 2:51
Tensions over Iran, unrest in Syria and concern about refinancing of upcoming Dubai debt are making international investors wary of Gulf and other Middle Eastern markets this year, just as developed markets enjoy fresh gains.
February 7, 2012 2:25
Abu Dhabi-based investment firm, The National Investor (TNI), has shed more than half of its workforce and is planning more job cuts in a bid to reduce costs in response to tough financial markets, several sources told Reuters on Monday.
February 6, 2012 2:58
Shares in EFG-Hermes , Egypt's biggest investment bank, plunged 5.7 percent at the opening of the market on Monday and trading was suspended after its chief executive Yasser el Mallawany (image above) was banned from leaving Egypt.
February 6, 2012 2:35
Q4 earnings fall almost 59 pct - Reuters calculations; Net interest, Islamic income down 15 pct in 2011; Fee, commission income fall 8 pct; Provisions decrease 32 pct in 2011
February 2, 2012 1:35
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
