International offshore law firm announces new partners
International offshore law firm Walkers has announced the appointment of 13 new partners across the global group, seven of which…
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Saudi Arabia Mega Deal Spurs Record First Half for Gulf Loans
HSBC Holdings Plc is back on top, Mitsubishi UFJ Financial Group Inc. has tightened its grip on second place, while…
Saudi Electricity gets $1.5bn financing from China’s ICBC
State-controlled utility Saudi Electricity Co (SEC) has obtained $1.5bn in financing from Industrial and Commercial Bank of China, SEC said…
UAE to merge two govt wealth funds
A top United Arab Emirates official ordered the merger of two prominent government wealth funds on Wednesday, streamlining the country’s…
Despite questions, SWIFT messages are valid and enforceable in Turkey
More than 10,000 financial institutions and corporations in over 200 countries use the Society for Worldwide Interbank Financial Telecommunication to…
EuroMena III Successfully Concludes Its Third Deal by Investing in Credit Libanais, One of the Leading Banks in Lebanon
The EuroMena Fund is pleased to announce the investment of USD 20m in the capital of Credit Libanais SAL, one…
Impact of Brexit on the UAE real estate market
The outcome of the UK referendum to leave the European Union has certainly been a shock to the global economy.…
Private Wealth Held by Ultra-High-Net-Worth Households in Bahrain is Poised to Increase by a Healthy 16.1 Percent over the Next Five Years, BCG Report Finds
By 2020, private wealth in Bahrain will rise from $0.2 trillion to $0.3 trillion, according to a new report by…
Bahrain Liquidity Fund’s seed investors revealed
Securities & Investment Company, the Investment Manager for the Bahrain Liquidity Fund, announced Tuesday the names of the seed investors…
Brexit could impact Masdar’s decisions in Europe
The recent move by Britain to exit the European Union could affect future investments in Europe by Abu Dhabi renewable…
Banks hold back Saudi index as nearby markets tick higher
Banks were the main drag on Saudi Arabia's stock market on Monday as investors grew wary before second-quarter financial results,…
Every Banker in the World Is Chasing the Saudi Aramco Deal
When news broke in January that Saudi Arabia was considering an initial public offering of its state-owned oil company, the…