HSBC, Citigroup Among Those Directly Investing in Saudi Stocks
HSBC Holdings Plc and Citigroup Inc. are among nine qualified foreign institutions licensed to invest in Saudi Arabian stocks directly,…
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CBE has not received new deposits from Saudi Arabia’s MOU with Egypt as of Saturday: CBE deputy governor
The Central Bank of Egypt has not received new deposits from Saudi Arabia following the signing of several memoranda of…
Gulf states to borrow billions to plug budget deficits: Report
The oil-rich Gulf states are expected to borrow between $285bn and $390bn through to 2020 to finance budget deficits resulting…
Saudi Arabia Is About To Adopt International Accounting Standards And It Could Cause Problems
The often opaque world of Saudi business is about to open up a little more, with the country set to…
Dubai Group Said to Appoint Emirates NBD for Shuaa Stake Sale
Dubai Group LLC, an investment company owned by the sheikhdom’s ruler, hired Emirates NBD PJSC to help find a buyer…
$85 Crude Oil By Christmas – An Interview With Mike Rothman
After a 50 percent rally in oil prices between February and March, crude has retreated a bit as of late.…
Dubai Developer of World's Tallest Tower Going to New Heights
Emaar Properties PJSC plans to build a $1 billion skyscraper in Dubai that will exceed the height of the Burj…
UAE Banks Federation holds Ordinary Annual General Meeting, elects new board for the next three years
The UAE Banks Federation , a professional body representing 49 member banks operating in the UAE, held its Ordinary Annual…
Egypt and Saudi Arabia agree $16 billion investment fund
Egyptian President Abdel Fattah al-Sisi and Saudi King Salman on Saturday oversaw the signing of several agreements, including a $16…
Bank of China enters Turkish market
The Bank of China, which has been planning to enter Turkey for a year, is reported to have completed the…
Majority of UAE residents think they are financially stable
The majority of those living in the United Arab Emirates believe they are financially stable, according to a new report…
QFC Regulatory Authority announces executive appointments
The QFC Regulatory Authority has announced that it has appointed Eisa Ahmed Abdulla to the role of Chief Operating Officer…