Economy
-
PIF-backed Oman infrastructure fund raises $1 bln for deals
Rakiza, an infrastructure fund investing in Oman and Saudi Arabia, said it raised $1 billion for its first vehicle and…
Read More » -
Central banks to boost flow of US dollars amid market unease
Central banks have moved globally to keep credit flowing after an unsettled period in the US banking sector and the…
Read More » -
Credit Suisse, UBS deal: What you need to know
UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and agreed to assume up…
Read More » -
UBS agrees to buy Credit Suisse in Swiss-assisted bid to calm markets
UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and agreed to assume…
Read More » -
UBS agrees to buy Credit Suisse for more than $2 bln: Report
UBS has agreed to buy Swiss banking giant Credit Suisse after increasing its offer to more than $2 billion, the Financial Times…
Read More » -
Saudi Arabia 2nd among G20, 4th globally in digital systems preparedness: ITU report
Saudi Arabia has been ranked second among the G20 members and fourth globally in the preparedness of digital systems, reports…
Read More » -
Warren Buffett holds discussions with Biden officials on banking crisis: Source
Berkshire Hathaway Inc’s Warren Buffett has held discussions with senior Biden administration officials about the banking crisis, a source familiar…
Read More » -
New travel company launched offering luxury stays in Saudi Arabia
A new company offering luxury travel to some of Saudi Arabia’s most attractive destinations was officially launched on Wednesday. ROAM…
Read More » -
UAE, India central banks sign collaboration agreement on fintech, digital currencies
The Central Bank of the UAE signed on Wednesday an MoU with the Reserve Bank of India to further innovation in financial products and…
Read More » -
Dubai’s first IPO of the year sells out in under an hour
The Dubai initial public offering of remittances and money exchange firm Al Ansari Financial Services received orders for all shares…
Read More »