 Lebanon’s AM Bank suspends membership of banking association after IMF criticism Lebanon’s AM Bank suspended its membership of the country’s banking association on Friday over decisions “harming the banking sector” days after the association criticized an IMF draft deal with more Lebanon’s AM Bank suspends membership of banking associ ... 6/24/2022 3:51:00 PMAl Arabiyah |
German economy minister warns of industry shutdown amid gas shortage: Report Germany is heading for a gas shortage if Russian gas supplies remain as low as they are now, and certain industries would have to be shut down if there is not enough when winter comes, Economy more German economy minister warns of industry shutdown amid ... 6/24/2022 11:27:00 AMAl Arabiyah |
Britain’s trade secretary calls on more nations to sanction Russia during UAE visit Britain’s trade secretary on Thursday urged more nations to punish Russia for its war in Ukraine during an interview in the United Arab Emirates, which along with other Gulf states has so far resisted more Britain’s trade secretary calls on more nations to sanc ... 6/23/2022 7:02:00 PMAl Arabiyah |
Dubai’s Majid Al Futtaim sells $500 million in perpetual green bonds for refinancing Dubai's Majid Al Futtaim (MAF), which develops shopping malls across the Middle East, on Thursday sold $500 million in perpetual green hybrid bonds non-callable for 5.25 years at 7.95 percent, a bank more Dubai’s Majid Al Futtaim sells $500 million in perpetua ... 6/23/2022 6:27:00 PMAl Arabiyah |
London Heathrow lifts full-year passenger forecast, citing bookings trend London’s Heathrow airport lifted its full-year passenger forecast, citing updated information on schedules and bookings and the limited impact of capacity caps imposed to boost resilience as travel more London Heathrow lifts full-year passenger forecast, cit ... 6/23/2022 6:22:00 PMAl Arabiyah |
Strikes cripple Britain’s railways, unions warn of more to come demanding higher pay Strikes crippled Britain’s rail network for the second time this week on Thursday as union bosses, train operating firms and the government faced off over demands that workers’ pay increases keep more Strikes cripple Britain’s railways, unions warn of more ... 6/23/2022 5:21:00 PMAl Arabiyah |
Saudi Aramco-backed Amogy seeks fast shift to zero emissions with ammonia-based fuel South Korea’s SK Innovation has led the latest $46 million funding round for climate tech start-up Amogy, which aims to accelerate the shift to zero-emissions fuels for heavy industries such as more Saudi Aramco-backed Amogy seeks fast shift to zero emis ... 6/23/2022 3:56:00 PMAl Arabiyah |
Dubai’s $455 million TECOM IPO heavily oversubscribed: Report TECOM Group’s initial public offering (IPO) is heavily oversubscribed at the top of its share price range, suggesting the Dubai business park operator could raise 1.67 billion dirhams ($455 million), more Dubai’s $455 million TECOM IPO heavily oversubscribed: ... 6/23/2022 2:40:00 PMAl Arabiyah |
India probes $4.4 bln fraud affecting consortium of 17 banks Indian investigators said they are probing what they believe could be the country’s biggest-ever lending fraud with 17 banks allegedly cheated out of around $4.4 billion.The Central Bureau of more India probes $4.4 bln fraud affecting consortium of 17 ... 6/23/2022 1:28:00 PMAl Arabiyah |
Moody’s affirms Saudi Re’s rating at A3 with stable outlook Saudi Reinsurance Company (Saudi Re) announced on Thursday that Moody’s Investors Service, a global credit rating agency, has affirmed its A3 Insurance Financial Strength Rating (IFSR) and A1.sa more Moody’s affirms Saudi Re’s rating at A3 with stable out ... 6/23/2022 12:45:00 PMAl Arabiyah |
How Iran set a sanctions evasion network to keep its economy afloat: Report A number of Chinese, Middle Eastern and western banks that provided banking services to Iran’s energy and industrial sectors helped Tehran circumvent sanctions to keep its economy afloat, the Wall more How Iran set a sanctions evasion network to keep its ec ... 6/23/2022 12:33:00 PMAl Arabiyah |
BMW starts production at new $2.2 bln China plant to boost EV output Germany’s BMW said on Thursday that production has formally begun at a new plant in China with an investment of 15 billion yuan ($2.24 billion) as the carmaker accelerates electric vehicle (EV) more BMW starts production at new $2.2 bln China plant to bo ... 6/23/2022 10:47:00 AMAl Arabiyah |
