Edition:
United States

Davide Barbuscia

RPT-EXCLUSIVE-Kuwait asks Dubai to release funds frozen in money laundering probe - letter

Nov 12 2018

DUBAI, Nov 9 Kuwait's prosecutors have asked Dubai to release $500 million in funds belonging to a Kuwaiti private equity fund that were frozen as part of a money laundering investigation, according to a letter seen by Reuters.

Exclusive: Kuwait asks Dubai to release funds frozen in money laundering probe - letter

Nov 09 2018

DUBAI Kuwait's prosecutors have asked Dubai to release $500 million in funds belonging to a Kuwaiti private equity fund that were frozen as part of a money laundering investigation, according to a letter seen by Reuters.

UPDATE 2-UAE’s NMC Health prepares dollar sukuk

Nov 07 2018

DUBAI, Nov 7 United Arab Emirates' healthcare provider NMC Health plans to issue U.S. dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed on Wednesday, confirming what sources told Reuters earlier.

Abu Dhabi’s Mubadala in talks with banks to refinance loan - sources

Nov 05 2018

DUBAI, Nov 5 Abu Dhabi’s Mubadala is in talks with banks to refinance an existing $1.75 billion revolving loan due in May next year, three sources familiar with the matter said.

Development bank APICORP expects 15 pct asset growth in 2019, CEO says

Nov 01 2018

DUBAI, Nov 1 The Arab Petroleum Investments Corporation (APICORP) expects asset growth of up to 15 percent next year as it plans to enter new regional markets, its chief executive told Reuters.

RPT-UPDATE 1-Oman sells $1.5 billion sukuk as Khashoggi crisis raises funding costs

Oct 25 2018

DUBAI, Oct 24 Oman sold $1.5 billion in sukuk, or Islamic bonds, on Wednesday but the generous investor returns it had to offer showed that the crisis over the killing of Saudi journalist Jamal Khashoggi is raising funding costs across the Gulf region, fund managers said.

UPDATE 1-Oman sells $1.5 billion sukuk as Khashoggi crisis raises funding costs

Oct 24 2018

DUBAI, Oct 24 Oman sold $1.5 billion in sukuk, or Islamic bonds, on Wednesday but the generous investor returns it had to offer showed that the crisis over the killing of Saudi journalist Jamal Khashoggi is raising funding costs across the Gulf region, fund managers said.

Saudi's PIF supports stocks to limit Khashoggi crash, sources say

Oct 23 2018

DUBAI Saudi Arabia's Public Investment Fund (PIF) has been indirectly supporting local stocks, using local institutions, to limit a market crash caused by the killing of Saudi journalist Jamal Khashoggi, sources familiar with the matter said.

MIDEAST DEBT-Saudi debt underperforms lower-rated sovereigns on Khashoggi fallout

Oct 22 2018

* Institutions in Saudi's Gulf allies may be less willing to sell

Foreigners sell net $1.1 billion of Saudi stocks as journalist disappearance rattles investors

Oct 21 2018

DUBAI Foreigners sold a net 4.01 billion riyals ($1.07 billion) in Saudi stocks in the week ending Oct. 18, exchange data showed on Sunday - one of the biggest selloffs since the market opened to direct foreign buying in mid-2015.

World News