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The facility was structured as a combination of revolving credit facilities and term financing facilities
The execution of the first international securities lending and borrowing transaction is the latest step in the continued evolution of Dubai’s capital markets
The board of directors studied the non-binding proposal from Bank Dhofar and decided not to accept it
The bank will operate as ‘Saudi Awwal Bank’ after obtaining the necessary regulatory and shareholders’ approvals
The fund will mainly focus on buyouts of firms in or close to the region that spans the Chinese cities of Hong Kong and Macau
The new private bank will cater to the needs of clients with investable assets of over $2m
Under the multi-year agreement, HSBC will upgrade and migrate select database systems to Oracle Exadata Cloud@Customer
Alghannam has been with HSBC Saudi Arabia since 2011
Arabian Drilling operates 45 rigs and had revenue of $586m last year
Carlyle is selling a 41.7 per cent stake in Alamar, or 10.6 million shares, to institutional and retail investors
Sohar International recorded a 41.6 per cent increase in net profit to OMR28.3m for the year ended December 31, 2021
International banks including Citigroup and Bank of America have been expanding in the kingdom
The bank will be able to provide clearing and settlement services to its customers worldwide and to other DFM trading members
Property is seen as the most important investment class for Indians in the UAE
The agreement covers the identification and promotion of sustainable investments in the kingdom
The UAE has been ranked among the top five places worldwide for expats in HSBC’s annual survey
The funds were deposited with HSBC in the UAE
Since 2015, the PIF’s assets under management have risen to $430bn from about $150bn
The improved credit outlook prompted the bank to pay an interim dividend of 7 cents a share
Aldar will invest a fixed amount in one or more ESG projects if it does not reach agreed annual targets
Gulliver replaces Sir Mark Moody-Stuart, who had been on the board since 2007
Incentives, including green lending discounts and certifications, access to targeted growth programmes, and trade-related benefits, will be offered to businesses that meet the required criteria
Global trends of investing with purpose have been reflected regionally as well
Jahez has also been expanding in other areas such as last-mile logistics and cloud kitchens
The Contour blockchain platform enabled end-to-end digitisation of the documentation required to import flat carbon steel
The sukuk will be used to help fund Acwa’s share of an $8bn acquisition of gasification and power assets at Jazan
Europe’s largest bank has been named as a possible candidate for China’s “unreliable entity list”
The proceeds of the loan are being used to purchase buses from Germany for the kingdom’s public transport network
Regional governments are stepping up efforts to transition to sustainable building practices