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...
Saudi Arabia set out new rules for the calculation of an Islamic tax on banks that will result in them paying between 10 percent and 20 percent of net profit....
Saudi Arabia is considering plans to increase an Islamic tax paid by local banks to as much as 20 percent, or double the current rate, according to people...
Deutsche Bank AG aims to rebuild in the Middle East after years of cost cutting and has hired executives to help win debt and advisory deals. “We have pivoted...
Saudi Arabia’s sovereign wealth fund is following its peers in Abu Dhabi and Qatar by opening an office in the U.S. tech hub of San Francisco. “We are working...
It’s a good time to be an M&A banker in the Middle East. Just one month into the year, five banks are merging: a three-way merger in oil-rich Abu Dhabi and a...
Saudi Aramco has sent a request for proposals to banks for its first-ever international U.S. dollar bond and loan to finance the acquisition of petrochemical...
Salaries for top banking and finance professionals in the Middle East have been slashed by as much as a quarter over the past year as an economic slowdown hit...
For a moment, Wall Street seemed to be inching away from Saudi Arabia. Now, it’s already inching back. A month after the murder of government critic...
Saudi Arabia’s sovereign wealth fund is considering a plan to inject up to $300 million into a troubled steel pipe factory co-owned by ArcelorMittal,...
Bahrain hired investment bank Lazard Ltd. to advise on how to repair its strained public finances, according to people with knowledge of the matter, as the...
As homebuilders in Dubai and Abu Dhabi think up extravagant incentives to shake the property market out of its long slumber, the government will offer...
Two separate examinations into the alleged misuse of money at embattled Middle Eastern investment firm Abraaj Group found potential irregularities in its $1...
Some of the Gulf’s biggest builders are scaling up to pool resources as they try to confront a property market slump that has lasted longer than most...
Asset sales from Saudi power plants and football clubs to African energy firms are set to help deliver a bumper year for deals in the region. Investment banks...
Saudi Arabia’s second-biggest bank is betting that government efforts to develop the entertainment industry, boost home-ownership and open up the role of...
Abraaj Group, the Middle East buyout firm roiled by allegations of misused funds, is considering the sale of a stake in its fund management business to raise...
Saudi Arabia’s National Agricultural Development Co., part owned by the sovereign wealth fund, will acquire Danone SA’s venture in the country, creating one...
JPMorgan Chase & Co. sees initial public offerings and M&A driving Middle East deals this year in what the U.S. bank expects to be its busiest in the region....
Saudi Arabia is emerging as the Middle East’s biggest deal-maker as the kingdom creates what it hopes will be the world’s largest sovereign wealth fund. Its...
Saudi Arabia increased its payments to some members of the royal family just as officials were wrapping up a controversial anti-corruption campaign that...
Saudi Arabia’s crackdown on alleged corruption showed no signs of letting up, with more people being questioned and banks freezing more accounts, people...
Once upon a time, building new roads was the most logical way to improve transportation. Now, making the most efficient use of roads is even more important,...
Saudi Arabia’s sovereign wealth fund hired the head of Qatar Investment Authority’s real estate arm as chief development officer earlier this year, people...
In the rapidly evolving gig economy, there is a new way to car shop: spot one on the road that appeals, snap its photo with your phone and an app will contact...