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Saudi Aramco To Acquire Shells Stake In SASREF Refining Joint Venture

Banking - Published date: .

Saudi Aramco has agreed to acquire Royal Dutch Shell’s 50 per cent stake in Saudi refining joint venture in Jubail In... Read more

Al Salam Bank-Bahrain Partners With AFS To Launch Al Rateb

Banking - Published date: .

Al Salam Bank-Bahrain (ASBB) has partnered with Arab Financial Services (AFS) to launch a digital payroll solution call... Read more

ADGM Courts Launches Court-annexed Mediation Service

Banking - Published date: .

Abu Dhabi Global Market Courts (ADGM Courts) has launched court-annexed mediation service to serve the increasing deman... Read more

Bahrains GIB Completes Conversion Of Saudi Branches Into Local Bank

Banking - Published date: .

Gulf International Bank (GIB) has completed the conversion of its Saudi Arabia branches into a locally incorporated ban... Read more

Ahli United Bank Posts 10 Per Cent Increase In Net Profit In Q1 2019

Banking - Published date: .

Ahli United Bank (AUB) has reported $192.9 million net profit in Q1 2019, a 10.4 per cent increase compared to $174.7 m... Read more

UAE's Eltizam Asset Management Mulls AED 200 Million M&A Deals

Banking - Published date: .

Abu Dhabi-based Eltizam Asset Management Group has announced that it expects to acquire companies from multiple sectors... Read more

Ras Al Khaimah Signs Offshore Exploration Deal With Italys Eni

Banking - Published date: .

Eni has signed an exploration and production agreement with Ras Al Khaimah, a further push by the Italian company into ... Read more

DFM Prepares For Three IPOs, As Bourse Promotes Local Listings

Banking - Published date: .

(Bloomberg) --Three companies are preparing initial public offerings for trading on DFM, potentially ending a 17-month ... Read more

Maaden Acquires Mauritius-based Meridian Fertilisers Group

Banking - Published date: .

Saudi Arabia’s Ma’aden has acquired Mauritius-based Meridian Fertilisers Group, marking the Kingdom-based phosphate... Read more

Saudi Arabias Maharah Human Resources Mulls IPO

Banking - Published date: .

(Bloomberg) --Saudi Arabia’s Maharah Human Resources is seeking to raise more than $200 million in an initial public ... Read more

Abraaj Founder's US Extradition Case Adjourned

Banking - Published date: .

A case in a London court to extradite Arif Naqvi, the founder of Abraaj Group, to the US on fraud charges was adjourn... Read more

TBI Inaugurates First Branch In Saudi Arabia

Banking - Published date: .

The Deputy Prime Minister of Iraq has inaugurated Trade Bank of Iraq’s (TBI) first international branch office in Al-... Read more

Investcorp Acquires Frankfurt-based Lyoner Stern

Banking - Published date: .

Investcorp’s London-based real estate investment team has acquired Lyoner Stern, a multi-let office building located ... Read more

Restrata Unveils Restrata Digital Platform

Banking - Published date: .

Dubai-based Restrata has unveiled the Restrata platform, an enterprise software platform providing real-time monitoring... Read more

Lebanon Told To Brace For Unprecedented Austerity In 2019

Banking - Published date: .

(Bloomberg) –The Lebanese Prime Minister has warned that the country’s economy is at risk of collapsing and pledged... Read more