Citi International Personal Bank (IPB) EMEA has launched its Switzerland Booking Centre in Geneva giving Citigold Private Clients based in the UAE access to the world’s biggest and most exclusive investment centre.
Citi recently created its Mena division combining its franchises across the region, in addition to Pakistan, under the leadership of Atiq Ur Rehman.
The move follows the recognition of existing and growing synergies across the Mid
Citigroup and International Bank of Qatar (IBQ) are holding up negotiations to restructure $4.5 billion in debt of Abu Dhabi conglomerate Al Jaber Group, further complicating drawn-out talks, three sources familiar with the matter said.
Damac Properties, a privately held Dubai property developer, has hired Deutsche Bank and Citigroup to help arrange an initial public offer of its shares in London, two banking sources aware of the matter said.
Global bank Citi has been granted preliminary approval by the Central Bank of Iraq to establish a representative office in Baghdad.
The approval will be recently formally during a ceremony hosted at the US Embassy in Baghdad by St
Dubai Holding, the conglomerate owned by the ruler of Dubai, has hired Citigroup to advise on a potential sale of its remaining 26 per cent stake in mobile telephone retailer Axiom Telecom, three sources aware of
Dubai has bounced back from the 2009 slump by focusing on its roots, as available data point to a broad-based economic recovery based on the emirate's comparative strengths as a regional hub for commerce and trade, a report
Project awards in the Middle East and North Africa (Mena) region reached $65 billion in the year to end September and projects planned and underway in the GCC are now worth $1,903 billion, up 8 per cent year-on-year (yoy), acco
Abu Dhabi's Shuweihat 2 independent water and power plant (IWPP) project may launch a bond with a target size of $800 million by the end of September as part of a $2.2 billion refinancing plan, three sources familiar with the matte
Citi was recently named “Best Foreign Investment Bank in Bahrain” by EMEA Finance Magazine as part of the magazine's Middle East Banking Awards 2011.
Meanwhile, Bahrain's $750 million sukuk issue was chosen as “Best Sovereign Sukuk” in EME