Saudi Wealth Fund Plans to Buy $10 Billion in Stocks in 2022
Saudi Arabia’s sovereign wealth fund is planning to plow deeper into public markets this year by investing about $10 billion…
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Global law firm appoints head of litigation and disputes, MEA and Asia
Norton Rose Fulbright has announced the appointment of Patrick Bourke as head of litigation and disputes for Europe, Middle East…
Qatar National Bank raised provisions and remains on alert
Qatar National Bank QPSC braced for credit losses by boosting the amount of money set aside in provisions and signaled…
Saudi National Bank gets $750 million via debut 'sustainable' sukuk
Saudi National Bank , the kingdom's largest lender that is 50.4% indirectly owned by the government, sold $750 million in…
BR Shetty: Barclays wins right to claw back $131m from NMC founder
Barclays can enforce a $131 million judgment to recover unpaid bills from embattled NMC Health founder Bavaguthu Raghuram Shetty following…
Saudi Arabia to establish first private equity fund for $26mln dedicated to tourism investing
Saudi Arabia's Tourism Development Fund, signed an agreement with investment solutions firm Derayah Financial to establish a SR100 million ($26…
Lebanese judge imposes travel ban on central bank governor amid probe
A Lebanese judge said on Tuesday she had imposed a travel ban on central bank governor Riad Salameh, who is…
GCC banks are on a recovery path in 2022, says report
DUBAI (S&P Global Ratings)-Gulf Cooperation Council (GCC) Banks are set to benefit from a regional economic recovery this year amid…
UK, Oman Agree to Strengthen Economic Ties, Boost Investment
Britain and Oman have agreed to work more closely together to strengthen economic ties and increase high-value investment in areas…
Egypt's Abu Dhabi Islamic Bank triples capital of subsidiary ADI-CF
The Egyptian Islamic bank, Abu Dhabi Islamic Bank (ADIB), announced it has increased the share capital of its consumer finance…
MENA economies post strong recovery in H2 2021, to accelerate in 2022: World Bank
Economic growth in the Middle East North Africa (MENA) strongly recovered in the second half of 2021 and is poised…
QIIB launches direct cheque deposit service through ATMs
QIIB has launched a direct cheque deposit service through ATMs for Personal and Corporate clients without the need for its…