Edition:
United States

Hadeel Al Sayegh

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

Jun 12 2018

MIDEAST STOCKS-Dubai gives up fresh early gains before Eid

DUBAI, June 12 Dubai stocks edged higher in early trade on Tuesday, then retreated amid slack trade in the build up to the Eid holiday and some profit taking.

Jun 11 2018

Waha Capital abandons plan to raise new PE fund -sources

DUBAI/ABU DHABI, June 11 Waha Capital has abandoned plans to raise a $300 million private equity fund and the Abu Dhabi-based firm is pushing ahead with a new strategy for its private equity business, sources familiar with the matter said.

Jun 05 2018

Qatar accuses Saudis of reckless behavior as Arab row enters second year

DUBAI/DOHA Qatar accused Saudi Arabia of "reckless behavior" that is tearing apart a pro-Western Gulf bloc in the wake of a report that Riyadh threatened military action against Doha in a stand-off between regional powers.

Jun 05 2018

UAE's ADNOC may sell more of distribution business: sources

DUBAI/ABU DHABI Abu Dhabi National Oil Company is considering selling another 10 percent stake in its fuel distribution business, which listed in an initial public offering last year, but the timing is uncertain, three sources familiar with the matter said.

Jun 04 2018

Saudi Aramco restructures non-oil assets ahead of IPO: sources

DHAHRAN, Saudi Arabia/DUBAI Saudi Aramco has created a subsidiary to house its multibillion-dollar pension fund and could spin off its aviation division, sources said, as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO).

May 18 2018

Exclusive: Founder of Dubai-based Abraaj faces investor revolt: sources

DUBAI Arif Naqvi, the founder of one of the Middle East's biggest private equity firms, Abraaj, is facing calls from investors to further scale back his involvement in the group amid a row over misuse of funds, two people with knowledge of the matter said.

May 16 2018

Saudi Arabia's National Commercial Bank changes CEO

DUBAI, May 16 National Commercial Bank , Saudi Arabia's largest bank by assets, said on Wednesday that chief executive Saeed al-Ghamdi had resigned, with sources familiar with the matter telling Reuters that he is set to be appointed chairman.

May 16 2018

SABB and Alawwal agree $5 billion merger to create Saudi's third largest bank

DUBAI Saudi British Bank (SABB) and Alawwal Bank have agreed a merger to create Saudi Arabia's third-biggest lender, in a $5 billion deal that marks the first major banking tie-up in the kingdom in two decades.

May 16 2018

Alawwal and SABB to merge to create Saudi Arabia's third largest bank

DUBAI, May 16 Saudi British Bank (SABB) and Alawwal Bank have agreed on a merger, Alawwal Bank said on Wednesday, in a deal that would create Saudi Arabia's third-biggest bank with assets of around $77 billion.

May 14 2018

Saudi Airlines chooses Jeddah hospital operator as preferred bidder for medical unit-sources

DUBAI, May 14 State-owned Saudi Arabian Airlines (Saudia) has selected Jeddah-based hospital operator Dr. Soliman Fakeeh Hospital as a preferred bidder for its medical unit, sources familiar with the matter said.

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