SoftBank, which has already invested more than $8bn in WeWork, had looked at spending $16bn to buy a larger position in the company. SoftBank Group Corp....
Oman Arab Bank (OAB) kicks off 2019 with the launch of a host of new customer centric innovations as part of its ongoing digital transformation journey....
Saudi Arabian banks may report double-digit earnings growth this year as rising interest rates and increased government spending offset the risk of higher bad-debt charges. Even...
National Commercial Bank and Riyad Bank are seeking advisers for a potential merger that would create the Gulf region’s third-biggest lender with $182 billion in assets,...
In its commitment to play a vital role in contributing to the nation’s economic development, Sohar International recently held the third edition of its Chairman’s Forum...
Two of Saudi Arabia’s biggest banks are exploring a merger that will dwarf their competitors and could prompt other lenders to combine and fight for market...
Saudi Arabia is exploring potential mergers to boost its financial services industry after the combination of Saudi British Bank and Alawwal Bank, according to people with...
Islamic banking entities provided financing to the extent of OMR3.5 billion at the end of September 2018, an increase of 20.7 per cent over OMR2.9 billion...
Credit Suisse Group AG’s chief executive officer in Saudi Arabia is leaving the bank, according to people familiar with the matter. Abdulaziz Bin Hassan has already...
Standard Chartered has appointed Boutros Klink as the CEO, Middle East, excluding the UAE. In his expanded role, he will have oversight over all GCC & Non-GCC countries...
