Oil giant Saudi Aramco [IPO-ARMO.SE] has asked JPMorgan Chase & Co and Morgan Stanley to assist with its mammoth initial public share offer and could call on another bank with access to Chinese investors, a source with direct knowledge of the matter said.
DUBAI/RIYADH Saudi oil giant Aramco [IPO-ARMO.SE] has received proposals from at least six banks for an advisory role on the firm's planned initial public share offering, sources familiar with the process said on Tuesday.
DUBAI, Feb 21 The government of Oman is expected to announce the launch of a new U.S. dollar bond issue this week as it seeks to plug a budget deficit caused by low oil prices, sources familiar with the matter said on Tuesday.
DUBAI, Feb 20 Dubai International Financial Centre could beat its target of more than doubling the number of financial firms registered within it by 2024 if interest continues from markets such as China, India and the Middle East, the governor of the financial free zone said on Monday.
DUBAI The private banking arm of Singapore’s second-biggest lender OCBC is targeting annual growth of assets of more than 20 percent from its new office in Dubai, which it aims to use to attract wealthy clients from the Middle East and Africa, its chief executive told Reuters on Sunday.
DUBAI/RIYADH, Feb 19 Saudi Binladin Group (SBG) has received substantial payments from the Saudi Arabian government to settle debts since the start of this year, a boost to the struggling construction conglomerate and to the kingdom's economy, banking sources said.
RIYADH/DUBAI, Feb 16 Saudi Arabia officials and executives of around 14 companies plan to embark on a marketing tour of Singapore and Hong Kong next month to attract Asian investors in the $430 billion stock exchange, banking sources told Reuters on Thursday.
DUBAI, Feb 16 The Central Bank of the United Arab Emirates has issued draft rules aimed at getting banks to lend more to small and medium-sized enterprises (SMEs) after some lenders had cut their exposure to such companies or raised their charges.
DUBAI, Feb 16 The emirate of Dubai is expected to issue a U.S. dollar bond by the end of the first quarter, though it has not yet sent to banks any official requests for proposals to arrange the issue, banking sources familiar with the matter said on Thursday.
DUBAI, Feb 16 Al Rajhi Bank, Saudi Arabia's second-biggest bank by assets, aims to take advantage of opportunities arising from the country's economic diversification plan to boost its share of corporate lending, its CEO said.