Saudi Oger said near $1.1b deal to sell Arab Bank stake
Saudi Oger Ltd reached a preliminary agreement to sell its 20 per cent stake in Jordan’s Arab Bank Plc to…
Hedge Funds & Alternative Investments
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Saudi Trade Finance Summit opens in Jeddah
Under the theme “Shaping the Kingdom’s Economy: A bright future unfolds, the 4th annual Saudi Trade Finance Summit is bringing…
Dubai's Shuaa says gets regulatory approval for ADFG to buy stake
Dubai's Shuaa Capital said on Tuesday it has received regulatory approvals allowing Abu Dhabi Financial Group to buy a 48.36…
Saudi central bank OK with foreign reserves level
Saudi Arabia has a “very comfortable” level of foreign reserves, the central bank chairman said Monday, in spite of a…
World’s Largest Lender ICBC Joins Dubai DGCX as a Settlement Bank
The UAE’s commodities and currency derivatives bourse, Dubai Gold and Commodities Exchange, said on Wednesday that Industrial and Commercial Bank…
Abu Dhabi Said to Mull More Bank Mergers After NBAD-FGB Deal
Abu Dhabi is considering more mergers to boost its financial services industry after combining National Bank of Abu Dhabi PJSC…
CMA collaborates with WB in holding sukuk conference
The Sukuk Conference, titled “Sukuk Market – Challenges and Opportunities” organized by the Saudi Capital Market Authority in collaboration with…
Bahrain's Investcorp eyes $100 billion assets target
Investcorp expects to reach its target of $25 billion for assets under management next year, by which time it will…
Brooks Macdonald signs deal with Dubai-based Abacus
Strategic alliances have been a significant part of Brooks Macdonald’s growth strategy, but this is the firm’s first strategic alliance…
BIBF wins Middle East Insurance Industry Award 2016
Bahrain Institute of Banking and Finance won the prestigious award "The Educational & Training initiative of the Year" in the…
Egypt pumps $2 bn into banking system from bond issue
Egypt's central bank said Thursday that it had issued $2 billion in bonds to international creditors to buy up assets…
Astad unveils plans for regional expansion in Gulf area
Construction firm Astad recently announced plans for regional expansion in the Gulf Cooperation Council region during the Qatar - Saudi…