Reuters Emerging Markets (EMs) are fast losing their shine for the world’s biggest investment banks. Faced with falling fees from fewer deals – and bleak prospects ahead – many have put the brakes on a decade-long expansion, with some cutting jobs and shutting offices. Subdued deal activity has meant there are fewer dollars for banks to fight over: fees in ...

Dubai / Reuters National Shipping Company of Saudi Arabia (Bahri) has announced on Sunday it had signed a murabaha facility with Riyad Bank valued at whopping 1.425 billion riyals ($380 million). This facility is aimed at financing the construction cost of five very large crude carriers (VLCCs). According to the concerned authorities, the facility lasts for a period of 10 ...

DUBAI \ EMIRATES BUSINESS London was the most attractive market for Chestertons’ MENA investors, with more than AED 265 million invested into the UK capital’s real estate market. This represented over 70% of their total sales of nearly AED 379 million. “London has long been a favoured destination for investors from the Middle East region, it is a mature, well ...