Edition:
United States

Saeed Azhar

Saudi Aramco taps banks for $5 billion petrochemical project finance: sources

Nov 15 2018

DUBAI Saudi Aramco has approached banks to finance its $5 billion Amiral petrochemical project that the state-owned oil producer plans to develop with France's Total, five sources familiar with the matter said.

Exclusive: Saudi Arabia's PIF eyes stake in U.S. movie studio Legendary - sources

Nov 14 2018

NEW YORK/DUBAI Saudi Arabia's sovereign wealth fund PIF is exploring the acquisition of up to a $700 million stake in Legendary Entertainment, the U.S. movie studio behind films such as "Jurassic World" and "Interstellar", according to people familiar with the matter.

Abu Dhabi Commercial Bank picks Barclays to advise on merger: sources

Nov 14 2018

ABU DHABI/DUBAI Barclays has been appointed by Abu Dhabi Commercial Bank (ADCB) to advise on a potential merger plan involving Union National Bank (UNB) and Al Hilal Bank, banking sources told Reuters.

SoftBank seeks Deutsche's advice on Saudi power investments-sources

Nov 12 2018

DUBAI SoftBank has hired Deutsche Bank to advise on its power investment plans in Saudi Arabia, two sources familiar with the matter said.

SoftBank seeks Deutsche's advice on Saudi power investments: sources

Nov 12 2018

DUBAI SoftBank has hired Deutsche Bank to advise on its power investment plans in Saudi Arabia, two sources familiar with the matter said.

MIDEAST STOCKS-Saudi stocks hit more than two-week low as weak oil prices weigh on Gulf

Nov 11 2018

* Sahara Petrochemical shares hurt by shutdown of unit's plant

UPDATE 2-UAE cenbank sees faster 2019 growth, no real impact from Iran sanctions

Nov 06 2018

ABU DHABI, Nov 6 The UAE central bank expects economic growth to accelerate to 4.2 percent in 2019, with no material impact from the renewal of U.S. sanctions on Iran as long as banks have prepared for the penalties, its governor said on Tuesday. "Things are starting to materialise, growth is there, liquidity is there, a lot of government initiatives are there. I think we are in good times," Mubarak Rashed al-Mansoori said at a conference in Abu Dhabi.

Abu Dhabi’s Mubadala in talks with banks to refinance loan - sources

Nov 05 2018

DUBAI, Nov 5 Abu Dhabi’s Mubadala is in talks with banks to refinance an existing $1.75 billion revolving loan due in May next year, three sources familiar with the matter said.

Kuwait bourse seeks to create VC platform to finance startups-CEO

Oct 31 2018

* CEO expects liquidity to grow by 10 to 15 percent next year

RPT-ANALYSIS-Khashoggi crisis may test Saudi PIF's expansion ambitions

Oct 26 2018

RIYADH/DUBAI, Oct 25 A year ago the Saudi sovereign investor Public Investment Fund (PIF) was a rising star among state-backed funds.

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