Nakheel issues $204m infrastructure contracts for Palm Jebel Ali, Dubai
Nakheel, part of Dubai Holding Real Estate, has issued three major contracts for infrastructure works on Palm Jebel Ali in Dubai, United Arab Emirates (UAE).…
Tag: FINANCE
Kuwait Plans to Return to Globat Debt Market
Kuwait plans to return to the global debt market this year and is expected to borrow between $10 to $20 billion during the current fiscal…
UK says Gulf trade deal next in line after sealing pact with EU
The UK government’s dealmakers are turning their attention to the Gulf after a series of trade agreements with Europe, Chancellor Rachel Reeves has said. On…
Saudi Banks Upgrade Systems to Align with New Commercial Regulations
The Saudi Central Bank has instructed all banks and financial institutions in the Kingdom to update their internal technical systems to comply with the newly…
Beijing accuses USA of ‘misleading the public’ about trade talks
BEIJING – China’s foreign ministry urged Washington on Friday to stop “misleading the public” on bilateral tariff negotiations, and said it wasn’t familiar with reports…
China Denies It Is Currently in Talks with Washington over Tariffs
Beijing on Thursday denied it has held trade talks with Washington despite repeated comments from the US government suggesting there had been engagement. “There is…
China’s President Xi Says Tariffs and Trade Wars Hurt World Economic Order
Chinese President Xi Jinping said on Wednesday that tariff and trade wars undermine the legitimate rights and interests of all countries, hurt the multilateral trading…
Saudi Social Development Bank passes $43.2 Billion Total Financing
The Saudi Social Development Bank has announced that its total financing since inception has exceeded SAR162 billion (USD43.2 billion), benefiting more than 10 million citizens…
Qatar National Bank Completes Unsecured $2 bn Asian Loan
Qatar National Bank (QNB) Group, a Qatari public company, announced on Sunday the successful closing of a $2 billion unsecured syndicated term loan facility, focused…
Asia Shares Jump after US Stocks Soared as Trump Paused Most of His Tariffs
World markets soared on Thursday, with Japan’s benchmark jumping more than 9%, as investors welcomed US President Donald Trump’s decision to put his sharp tariff…