Central Bank of Jordan receives $250 million deposit from Saudi Arabia
The Central Bank of Jordan received an official notice from the Saudi Development Fund confirming the transfer of $250 million...
Finance
Lebanese banks eyeing new markets
Bank Audi and Byblos Bank are planning to launch operations in Iraq for the former and Libya for the latter...
Bahrain investment sector on growth curve
The sector representing Bahrain's investment business firms has been showing strong growth as demonstrated by the figures reported for the...
Saudi building loans surge 34% to $19.3 billion
Loan growth to private businesses in Saudi Arabia reached 15 percent in September, the most in more than three years,...
Qatar Holding cashes in $2.7 billion in Barclays deal
Qatar's sovereign wealth fund sold the last of the warrants it owns in Barclays, notching up a gain of more...
Saudi Kingdom Holding buys Toronto hotel for $200 million
Saudi Arabia's Kingdom Holding announced that it has completed a deal to buy the Four Seasons Toronto in Canada for...
MoneyGram and Qtel launch mobile money transfer service for Qata
MoneyGram, a leading global money transfer company, announced it is entering a multi-year agreement with Qtel, Qatar’s leading mobile operator,...
Saudi banks seen to post double-digit EPS growth
Saudi banks are on track to deliver double-digit earnings per share (EPS) growth, offering attractive value within EEMEA, Credit Suisse...
Qatar Telecom approaches banks for $1 billion loan
State-owned operator Qatar Telecom ( Qtel ) has sent out requests for proposals (RFPs) to banks for a syndicated loan...
Saudi Jubail and Ras Al-Khair projects draw $111.5 billion investments
Prince Saud bin Abdullah bin Thunayan, chairman of the Royal Commission for Jubail and Yanbu, highlighted the Kingdom's industrial progress...
The resource of credible, industry-specific updates