The net foreign assets at Saudi Arabia’s central bank fell to SR2.521 trillion ($672.2 billion) in May, down by $6.6 billion or one per cent from the previous month as the kingdom continued to draw down reserves to cover a budget gap cause
Assets under management of fund managers and financial institutions in Dubai International Financial Centre (DIFC), a global financial hub, are estimated to reach $250 billion by 2024, up from $10.4 billion in 2014, said top official.
Barwa Bank, a leading Shari’ah-compliant service provider in Qatar, has posted a net profit of QR209 million ($57.3 million) for the first quarter of 2015, as against QR 201 million for the same period last year, marking an increase of fou
Net foreign assets at Saudi Arabia's central bank dropped 4.7 per cent from a year earlier in March to SR2.590 trillion ($690.6 billion), their lowest level since July 2013, central bank data showed on Wednesday.
The central b
Bahraini sovereign fund Mumtalakat wants to double its $6.4 billion assets under management in the next seven years, preferably through partnerships with global investment firms, its chief executive told Reuters.
With stakes in so
GlaxoSmithKline and Novartis said on Monday they had completed a series of asset swaps worth more than $20 billion that will reshape both drugmakers.
GSK is forming a consumer health joint venture with Novartis, while at the same
Bahraini sovereign fund Mumtalakat with estimated assets of $10.5 billion has been ranked 42nd globally, according to a report issued by Sovereign Wealth Fund (SWF) Institute.
It owns shares in 38 companies representing manufacturing, f
Bahraini sovereign fund Mumtalakat will not sell any assets or change its investment strategy in response to a likely oil price-driven shortfall in the state budget, it said on Thursday.
The fund holds stakes in Bahraini companies
Technip, a leader in project management, engineering and construction for the energy industry, has completed the sale of its diving assets in the US Gulf of Mexico to Ranger Offshore.
The sale reinforces Technip’s strategy t
Shareholders of Doha Bank have approved the purchase of the Indian assets of HSBC Bank Oman after an extraordinary meeting, the Qatari bank said in a statement on Monday.
HSBC Bank Oman, an affiliate of HSBC Holding, said in April