Exclusive: Alabbar poised to create the Alibaba of the Middle East
There is a story that Mohamed Alabbar likes to tell, about a conversation with his nine-year-old nephew Jumma. He…
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New Fiscal Measure To Secure Saudi Mid-Term Future
Current fiscal measures deployed by Saudi Arabia should help ensure a sustainable economic future for the country in the medium…
Ex-Barclays Executives Said to Face Round Two With SFO on Qatar
The U.K. Serious Fraud Office has started re-interviewing former Barclays Plc executives over the bank’s 2008 Qatar fundraising, as the…
United National Bank To Provide Mortgage For Misr Italia Clients
Egypt-based property developer Misr Italia Holding signed protocol on cooperation with the United National Bank to provide mortgage for units…
Northern Trust Names Chief Diversity Officer for EMEA and APAC
Northern Trust gas announced that it has hired Sarah Boddey as chief diversity officer for Europe, Middle East, Africa (EMEA)…
Saudi central bank's foreign assets drop $11bn
Net foreign assets at Saudi Arabia's central bank fell by $11 billion from the previous month to $562 billion in…
NBAD CEO Alex Thursby won't be part of merged banks' leadership
NBAD Chief Executive Alex Thursby has said that he will not be part of the leadership of the bank created…
Egypt’s CIB reports higher net income, revenues in Q2
The Commercial International Bank, Egypt’s largest listed company, on Wednesday reported a 28 per cent rise in second quarter net…
CIMB Group partners with Fajr Capital
CIMB Group Holdings Bhd has entered into a strategic partnership with Fajr Capital, a leading private equity investor in the…
Malaysian Bank Cimb In Sales Alliance With Dubai Fund
CIMB Group Holdings, Malaysia's second-largest lender by assets, is partnering with Dubai-based private equity fund Fajr Capital to cross-sell products.…
Turkey's investment grade hangs in balance as post-coup purges deepen
A crackdown in Turkey after a failed coup could further weaken its institutions and threaten its investment grade status, investors…
Egypt expects to get at least $2b within 2 months of agreeing IMF loan
Egypt expects to receive at least $2 billion within two months of agreeing a three-year $12 billion loan programme with…