SICO appointed as Bahrain receiving agent
SICO BSC has announced that it has been mandated by Kuwait Finance House K.S.C.P. (Kuwait Finance House K.S.C.P.5) as Bahrain…
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Saudi Aramco launches largest shale gas development outside US
Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and…
Bank Muscat launches new $28.5mln Al Mazyona 2020 scheme
Bank Muscat, the leading financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’…
Saudi, Egypt, Bahrain to resume Qatar post services despite dispute
Saudi Arabia, Egypt and Bahrain have agreed to resume postal services to Qatar almost three years after they were stopped…
First KPMG Insights Center inaugurated in Riyadh
KPMG officially opened its first Insights Center in the Middle East in its new head office in Riyadh. The…
Lebanon to appoint Cleary Gottlieb to advise on Eurobonds
Lebanon will appoint Cleary Gottlieb Steen & Hamilton LLP as legal adviser on its Eurobonds, a source close to the…
Net Income of Al Baraka Banking Group reaches US$ 180 million in 2019, with total assets exceeding US$ 26 billion
Al Baraka Banking Group has achieved a net income of US$ 180 million in 2019, while net operating income reached…
The Carlyle Group to set up MENA headquarters in Abu Dhabi
Global private equity firm The Carlyle Group will open its regional headquarters at Abu Dhabi Global Market as it looks…
Bahrain's Investcorp acquires two US residential properties for $164mln
Bahrain’s Investcorp has acquired two luxury properties in the United States for approximately $164 million. The South Florida assets,…
EMEA emerging market sovereign borrowing will likely reach $473bln in 2020: S&P
S&P Global Ratings says it forecasts the gross borrowing of 53 emerging market sovereigns' in Europe, the Middle East, and…
RAKBank offers free account transfers to any bank in the Philippines
RAKBank recently enhanced its current remittance footprint in the Philippines by partnering with BDO Unibank, a full-service universal bank in…
Kuwait banks seen stable despite subdued growth: S&P
The overall credit profiles of rated banks in Kuwait should remain stable in 2020, barring any unexpected increase in geopolitical…