According to figures released by the International Air Transport Association (IATA), Middle East 's airlines passenger demand increased by 23% in January this year compared to only 6.4% worldwide average rise. Experts believe that the future success of aviation industry in the Middle East will be highly affected by the increased spending of Middle Eastern governments on airports expansion and other infrastructure projects related to the industry. |
Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more
National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more
The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more