From Dubai’s Burj Khalifa to Kuwait’s Al Hamra Tower, oil-rich Gulf economies built up their skylines in a hurry in the few years preceding the financial...
It’s an investment summit in the shadow of a killing: stripped of the glitz and glamor of business titans who last year flew in to woo a young prince and be a...
DUBAI: Saudi Arabia is exploring the possibility of granting more licenses to foreign banks and easing restrictions on their operations to boost growth in the...
DUBAI: Credit Suisse Group AG is seeking to secure a key banking license in Saudi Arabia as part of plans to expand in the kingdom. The Zurich-based bank,...
DUBAI: More than a decade after quitting Saudi Arabia, Citigroup Inc. is winning more high-profile deals in the kingdom and quietly plans to compete for more....
DUBAI: Saudi Arabia is intensifying efforts to shrink the highest budget deficit among the world’s biggest 20 economies, aiming to cancel more than $20...
DUBAI: When news broke in January that Saudi Arabia was considering an initial public offering of its state-owned oil company, the first reaction on Wall...
Saudi Arabia appointed JPMorgan Chase & Co., HSBC Holdings Plc and Citigroup Inc. to arrange its first international bond sale, said people with knowledge of...
DUBAI: Saudi Arabia’s planned privatizations, including a share sale in the world’s biggest oil company, represent the biggest investment banking opportunity...
DUBAI: Saudi Arabia named HSBC Holdings PLC Middle East and North Africa Chief Executive Officer Mohammad al-Tuwaijri Deputy Economy and Planning Minister,...
It’s a great time to be a consultant in the Gulf Cooperation Council. Less so for bankers. Demand for consultants and consultancy firms in the region was much...
DUBAI: Saudi Arabia’s sovereign wealth fund could receive some $106 billion in cash from the sale to the public of a 5 percent stake in oil giant Aramco’s...
DUBAI: Gulf Cooperation Council countries may struggle to refinance $94 billion of debt in the next two years as the region faces slowing growth, rising rates...
DUBAI: HSBC Holdings PLC is reviewing its operations in Lebanon and may exit the Middle Eastern country as the bank focuses on more profitable markets,...
DUBAI: These are uneasy times for bankers in the Middle East. The slump in oil is draining billions of dollars from the banking system, stock markets are...
DUBAI: From Oslo to Doha, Riyadh to Moscow, governments that rode crude’s historic rise to unprecedented wealth are now being forced to start repatriating...
Abu Dhabi is reviewing its largest state-owned companies as the slump in crude oil pressures the emirate’s finances, four people with knowledge of the matter...
DUBAI: Saudi Arabia has withdrawn as much as $70 billion from global asset managers as OPEC’s largest oil producer seeks to plug its budget deficit after...
DUBAI: James Milligan, head of trading for HSBC Holdings Plc in the Middle East and North Africa, left his position last week and his role will be abolished,...
DUBAI: Emaar Properties PJSC is offering hundreds of new luxury homes in Dubai that could sell for as much as 3.8 million dirhams ($1 million) each just as...
DUBAI: Iraq hired banks to help raise $6 billion in bonds as the country seeks to plug a widening fiscal deficit with its first international debt sale in...
DUBAI: Former Qatari Prime Minister Sheikh Hamad bin Jassim bin Jabr al-Thani will take a 10 percent stake in Spanish department store El Corte Ingles for 1...
Investment-banking fees in the Middle East have risen 13 percent this year, with HSBC Holdings Plc and Citigroup Inc. leading the rankings, according to...
Sovereign funds in North America are feeling the impact of lower oil prices more than their counterparts in the Middle East, with most expecting a drop in new...
Ahmad Hamad Algosaibi & Brothers Co. is offering to guarantee banks they will recover at least 40 percent more on $6 billion of debt as it seeks to end a...