Tag: Saudi Arabia
ADNOC closing landmark deal to sell 49% stake in pipeline business
Abu Dhabi National Oil Co. - ADNOC is closing in on a deal with investors supported by Global Infrastructure Partners and Brookfield Asset Management...
Oil producers of the world are faced with grim choices
The oil-producing countries of the world will be looking to find a way out of the price fall caused by the global pandemic, at...
SAMA provides $13 billion to banks for improving liquidity
Saudi Arabian Monetary Authority (SAMA) is advancing $13.29 billion into the banking sector to raise liquidity and improve the lending capability of financial institutions...
UAE Pharma Company Julphar makes $136 million rights issue for restructuring
UAE’s Gulf Pharmaceuticals (Julphar) is pondering on raising $136 million through a rights issue to fuel its "ambitious turnaround plan” and extend its operations...
Saudi Arabia shifted foreign reserves worth $40 billion to PIF
Saudi Arabian finance minister Mohammed Al-Jadaan stated that the kingdom shifted a total of $40 billion from central bank foreign reserves to finance investments...
Emirates restarts passenger flights to 12 Arab countries from July 1
Dubai-based airline operator Emirates has started accepting bookings to resume passenger operations to 12 Arab Nations from July 1.
Flight Reservations are now open for...
GCC Public funds queue up for stakes in BlackRock
World's largest asset manager, BlackRock has been in the spotlight among some of the world’s largest institutional investors and sovereign funds when a significant...
Saudi Arabia’s GACA releases travel guidelines for domestic travelers
As Saudi Arabia prepares to restart domestic flights on 31 May, The General Authority of Civil Aviation (GACA) has issued a travelers’ guide detailing...
