The United Arab Emirates is cracking down on the misuse of home loans to prevent risky borrowing as an ongoing property slump weighs on banks.
Citi and Deutsche Bank have started talks with other banks to sell roughly $9 billion in debt Dubai raised to take full control of DP World and refinance borrowings of Dubai World, sources familiar with the matter said on Wednesday.
Qatar Airways said Wednesday it has bought a $600 million stake in British Airways-owner IAG to increase its holding to 25.1%, advancing its strategy of building a global portfolio of international carriers.
Saudi Aramco shares have lost most of the gains they made since listing in December in a landmark first offering, as oil prices drop amid alarm over the new coronavirus.
Iraqi oil exports fell to 3.428 million barrels per day (bpd) in December from 3.5 million bpd the previous month, the oil ministry's spokesman said Thursday.
Renault SA had its credit rating cut to junk by Moody’s Investors Service after the French carmaker posted its first annual loss in a decade and indicated...
The exchange rate of the Lebanese pound slightly dropped Wednesday after surging throughout last week.
The euro struggled near 3-year lows on Monday as investors worried about weakening growth in the region,
Investors are edging back into emerging markets, even though worries about the coronavirus' impact on global economic growth have clouded prospects for the...