All News Under "Banking" RSS ATOM

SRC Signs SAR 750 Million Real Estate Deal With SABB

Banking - Published date: .

Public Investment Fund’s SRC has agreed to acquire a mortgage portfolio from Saudi British Bank (SABB), according to ... Read more

China To Invest $3.4 Billion In Dubai For Trading Initiative

Banking - Published date: .

China plans to invest $3.4 billion in two Dubai-based trading facilities. DP World stated that the mega project further... Read more

Saudis Fawaz Alhokair Group Seeks $836 Million From Mall Unit Share Offering

Banking - Published date: .

(Bloomberg) --Saudi Arabia's Fawaz Alhokair Group is seeking to raise as much as SAR 3.1 billion ($836 million) from se... Read more

Saudi Aramco Sells First LNG As Oil Giant Expands Into Gas

Banking - Published date: .

(Bloomberg) --Saudi Aramco, the world’s biggest oil exporter, has expanded its portfolio into the natural gas busines... Read more

Turkey To End Silence Over $20 Billion Mystery With Reserves

Banking - Published date: .

(Bloomberg) --The Turkish central bank is due to shed light on billions of dollars of foreign-currency holdings that an... Read more

Goldman Sachs Plans To Buy Restructured Turkish Loans

Banking - Published date: .

Goldman Sachs is in talks with Turkish banks and companies to buy large distressed loans valued in the range of $2 bill... Read more

Saudi Telecom Hires Banks For Debut Dollar Sukuk

Banking - Published date: .

Saudi Telecom has hired six banks to arrange its first US dollar-denominated Sukuk issuance. The state-owned telecommun... Read more

Former Abraaj CEO Denied Bail After Being Called Flight Risk

Banking - Published date: .

(Bloomberg) --Arif Naqvi, the founder of buyout fund Abraaj Group, was denied bail by a London judge after prosecutors ... Read more

Saudi CMA Considers Relaxing Ownership Limits For Foreign Strategic Investors

Banking - Published date: .

The Chairman of Saudi Arabia’s Capital Market Authority (CMA) said that the regulator is considering relaxing a 49 pe... Read more

Turkey Gives Banks $3.7 Billion Lending Boost To Spur Growth

Banking - Published date: .

(Bloomberg) --Turkey’s sovereign wealth fund bolstered the capital ratios of five state-owned banks by TRL 3.3 billio... Read more

Mubadala Launches $1 Billion Abu Dhabi Catalyst Partners Fund

Banking - Published date: .

Mubadala Investment Company has launched a $1 billion Abu Dhabi Catalyst Partners fund in partnership with top tier and... Read more

Drake & Scull Dismisses CEO, CFO As It Reports $1.23 Billion Loss

Banking - Published date: .

Dubai-based Drake & Scull International has fired its chief executive officer, chief financial officer and chief le... Read more

Saudi Arabias PIF On Track To Manage $400 Billion Assets In 2020

Banking - Published date: .

(Bloomberg) – Public Investment Fund’s (PIF) Head of Corporate Finance and Treasury said that the Kingdom’s sover... Read more

Middle East Financial Industry Accelerates Digital Transformation

Banking - Published date: .

UK-based Jupiter Asset Management said that the Middle East financial services industry is ready to adopt technology di... Read more

Tadawul Chief Expects An Increase In Foreign Investors By 2022

Banking - Published date: .

(Bloomberg) --The Chief Executive of Tadawul has predicted that ownership of equities by foreigners will triple by 202... Read more