(Bloomberg) — Careem Networks FZ, the Middle Eastern ride-hailing company recently snatched up by Uber Technologies Inc., is expanding in Saudi Arabia with a bus-transport service...
(Bloomberg) — If you’re struggling to keep up with the pace of bank consolidation in the Gulf, here’s an overview of which lenders are in merger talks...
(Bloomberg) — A Saudi oilfield services company backed by the country’s sovereign wealth fund kicked off a planned $1.2 billion in acquisitions by buying Texas-based Schlumberger...
(Bloomberg) — Saudi Arabia’s sovereign wealth fund is on track to manage $400 billion of assets by the end of next year, its head of corporate...
(Bloomberg) — Saudi Arabia will coordinate with other crude producers to ensure that adequate supplies are available and the market “does not go out of balance,” Energy...
Bahrain based Gulf International Bank (GIB) converted its Saudi operation into a locally incorporated bank with 7.5 billion riyals ($2 billion) capital, as the lender looks to...
(Bloomberg) — Fawaz Alhokair Group, the Saudi retailer that owns the franchise for brands like Banana Republic and Zara, may raise as much as $1 billion from...
There might not be any banks yet in the King Abdullah Financial District, but on a sunny afternoon, the once-stalled development in Riyadh is packed with...
(Bloomberg) — Saudi Aramco, the world’s biggest oil producer, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund for $69.1...
(Bloomberg) — Typing out your order on Mrsool is only the start of what’s made the Saudi delivery app more popular in the kingdom than Uber Technologies...
