Articles
Digital automation will create more investment opportunities, Investcorp says
New white paper says there is still a lot of potential to be realised from digitising and automating routine tasks
A merged NCB-Samba bank would be Saudi Arabia's biggest lender 'by some way', says EFG Hermes
The Public Investment Fund is a key shareholder in both banks, which increases the prospect of a merger being completed
Saudi Arabia's NCB in $15.6bn merger talks with rival Samba
If successful the combination would create the Arab world's third-biggest lender by assets
Saudi Arabia sets up $4bn fund to develop tourism industry
Debt and equity investment vehicles will support 'flagship mixed-use and hospitality development by leading international operators'
BP to write off up to $17.5bn as it lowers long-term oil price projections
The company revised its long-term assumptions for Brent crude down to $55 per barrel
Deutsche Bank creates new global private banking arm
Lender merges wealth management and its international private and commercial banking divisions
Nasdaq continues upwards tilt after breaking 10,000-point barrier
Index continued to gain on Wednesday, trading 0.5% higher
UAE well-placed to handle lower oil revenue, Moody's says
The ratings agency cut its price assumptions for Brent crude to $35 per barrel for 2020 and $45 for 2021
Drake & Scull reports return to profit and says restructuring is on track
Net income from continuing operations reached Dh262m in 2019, compared to a loss of Dh4.9bn a year earlier
Saudi Aramco's ventures arm leads $25m funding round into Wahed
Beco Capital, Cueball Capital, Cultiv8 and Rasameel also invest in the Sharia-compliant robo-adviser
Dar Al Takaful to buy Noor Takaful for Dh215m
The Dubai-listed Islamic insurer says it expects the deal to conclude by the end of the month
Global passenger demand recovers slightly after recording biggest monthly decline in April
Demand dropped 94.3 per cent year-on-year as lockdown measures sapped appetite for travel
Shuaa strengthens restructuring arm to advise corporates looking to tap credit lines
Company will advise on funding through debt capital markets or through instruments such as junior and mezzanine debt
BR Shetty’s Neopharma continues operations despite lack of access to funds
Director of plant operations says there is enough raw material to continue production for six to eight months
Bank account freezes hit other parts of BR Shetty's empire
NMC Health founder says he has provided the names of 17 individuals who were involved in siphoning money from accounts
