Wayak Communications Shines Bright with Dual Wins at 2025 MEA Markets Awards    Egypt, Vietnam sign cooperation deals    Gold prices fall slightly on Tuesday    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Sterling steady on Tuesday ahead of BoE decision    Industry minister, automakers discuss localizing car sheet metal production    Egypt's Foreign Minister discusses Nile water security with Ugandan president    Egypt, Cuba explore expanded cooperation in pharmaceuticals, vaccine technology    Egyptians vote in two-day Senate election with key list unopposed    Israeli-imposed starvation, bombardment push Gaza death toll beyond 60,900    More US Democrats urge Trump administration to recognise Palestinian state    Modi urges 'buy local' as India defies US over Russian oil    Egyptian fuel enters besieged Gaza while Israel keeps 22,000 aid trucks stranded    Egypt's PM reviews efforts to support local pharmaceutical industry    Korean Cultural Centre in Cairo launches folk painting workshop    Egyptian Journalist Mohamed Abdel Galil Joins Golden Globe Voting Committee    Egypt provides state-funded treatment for about 1.6 million citizens in H1 2025    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Dinesh Nair David French Reuters
Five parties eye Egypt arm of Greece's Piraeus Bank: sources
DUBAI: The sale of the Egyptian arm of Greece's Piraeus Bank, valued at over $200 million, has attracted five potential bidders from the Middle East and North Africa region, two sources told Reuters on Thursday. Talks are actively ongoing but a (...)

05 - 04 - 2012
Dubai's Drydocks World edges closer to restructuring approval
DUBAI: Drydocks World, which is testing a form of insolvency protection drawn up in response to Dubai's 2009 debt crisis, has 87 percent of creditors signed up to its proposed restructuring plan, an external advisor said on Tuesday. But one hedge (...)

03 - 04 - 2012
Egypt unlikely to hit 2012 investment target
ABU DHABI: Egypt is unlikely to lure the foreign investment it hoped for this year as nervous overseas businesses spend small following political unrest there, the chairman of a state-run investment agency said on Wednesday. However, Osama Saleh, (...)

22 - 03 - 2012
Majid Al Futtaim eyes $500 mln Egypt loan: sources
DUBAI/LONDON: Dubai-based developer Majid Al Futtaim (MAF) has picked two Egyptian banks to arrange a loan worth around $500 million, to fund construction of its Mall of Egypt project, three sources with knowledge of the move told Reuters. The (...)

13 - 03 - 2012
DP World $1 bln loan attracts big demand, March deal seen
DUBAI: DP World, the world's third-largest port operator, has attracted strong demand from both local and foreign banks for a $1 billion loan it wants to raise to help refinance a $3 billion facility maturing in October, bankers told (...)

09 - 03 - 2012
Shuaa Capital narrows Q4 loss, provisions hit 2011
DUBAI: 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. But provisions and one-time charges (...)

13 - 02 - 2012
Egypt index extends rally after peaceful demos; Gulf mixed
CAIRO/DUBAI: Egypt's bourse continued its rally on Sunday after a 7 percent surge in the previous session on relief that pro-democracy protests last week took place without major violence, and most Gulf markets ended higher. Some stocks were even (...)

29 - 01 - 2012
Dana Gas hires advisers for convertible sukuk
DUBAI: UAE energy group Dana Gas said it had appointed an international firm to advise on its $920 million convertible sukuk maturing in October, adding it would continue to meet its obligations. Dana Gas, whose share price has been battered by (...)

17 - 01 - 2012
Debt rebalancing to boost MENA bond market: Morgan Stanley
DUBAI: Debt capital markets activity in the Middle East North Africa region should exceed last year's total amount as firms rebalance their borrowing away from loans towards the bond market, Morgan Stanley executives said on Sunday. Loan volumes (...)

15 - 01 - 2012
IFC plans $1 bln MENA investments by end-June: regional exec
DUBAI: International Finance Corp. , a unit of the World Bank, plans to invest close to $1 billion by the end of June in countries including Egypt, Iraq, Jordan and Libya, its regional director said on Sunday. "We've invested so far more than a (...)

15 - 01 - 2012
Emaar draws on Dubai Mall to raise $1 bln
DUBAI: Dubai's Emaar Properties, the emirate's largest real estate developer, has put up its crown jewel asset — Dubai Mall — to secure $1 billion of lending to help refinance upcoming debt amid difficult funding conditions. The two-tranche (...)

19 - 12 - 2011
Saudi sukuk may serve monetary policy goals
DUBAI: A proposed Islamic bond issue by Saudi Arabia is important not so much because it would raise money for the country — the kingdom does not need the cash —but because it could serve important monetary policy goals. By making the first (...)

14 - 12 - 2011
Sukuk rush may lift costs for borrowers
DUBAI: A rush of Islamic bond sales from the Gulf region in coming months could give companies much-needed access to funds, but it is likely to end a period of unusually low borrowing costs in the sukuk market. For perhaps the first time in the (...)

16 - 11 - 2011
Abu Dhabi's ADIB eyes Islamic bond; plans investor meetings
DUBAI: Abu Dhabi Islamic Bank will hold investor meetings for a potential dollar-denominated Islamic bond, or sukuk, starting next week, it said in a statement to the bourse on Wednesday. Meetings kick off in Kuala Lumpur on Nov. 17, and will (...)

09 - 11 - 2011
Mideast faces funding gap as European banks retreat
DUBAI: Companies in the Middle East and North Africa, which rely heavily on bank financing, will have to curtail growth plans as European lenders retrench, unless they find replacement funding sources quickly, senior bankers on Wednesday. The (...)

28 - 10 - 2011
Deutsche shifts top Mideast ECM banker to London: sources
DUBAI: Deutsche Bank is moving its top Middle East equity banker to London from Dubai, the bank confirmed, the latest in a string of moves by international banks prompted by low business volumes in the region. The German bank said Christopher (...)

13 - 10 - 2011
Credit Agricole to close MidEast M&A operations, says exec
DUBAI: French bank Credit Agricole will close its regional mergers and acquisitions business and move the operations back to its Paris office, an executive at the bank said on Tuesday. The move is part of an ongoing review at the bank which also (...)

27 - 09 - 2011
Dubai developer Nakheel's $1bn sukuk sits on the seabed
DUBAI: Much of the land backing a $1.03 billion sukuk bond from Dubai property developer Nakheel is unreclaimed seabed, bank sources said, leaving trade creditors holding the paper with scant recourse to tangible assets in the event of a (...)

21 - 09 - 2011
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