Tag: saudi
Careem Offers Bus Hailing to Pilgrims
(Bloomberg) -- Careem Networks FZ, the Middle Eastern ride-hailing company recently snatched up by Uber Technologies Inc., is expanding in Saudi Arabia with a...
Gulf Bank Mergers: Who’s Talking to Whom?
(Bloomberg) -- If you’re struggling to keep up with the pace of bank consolidation in the Gulf, here’s an overview of which lenders are in...
Saudi Taqa Sees $1.2 Billion in Oil Deals
(Bloomberg) -- A Saudi oilfield services company backed by the country’s sovereign wealth fund kicked off a planned $1.2 billion in acquisitions by buying...
Saudi Wealth Fund on Track to Manage $400 Billion Assets in 2020
(Bloomberg) -- Saudi Arabia’s sovereign wealth fund is on track to manage $400 billion of assets by the end of next year, its head...
Saudis Pledge to Ensure Oil Supply if Iran Exports Collapse
(Bloomberg) -- Saudi Arabia will coordinate with other crude producers to ensure that adequate supplies are available and the market “does not go out of...
Bahrain’s GIB Establishes Saudi Arm With $2 Billion Capital
Bahrain based Gulf International Bank (GIB) converted its Saudi operation into a locally incorporated bank with 7.5 billion riyals ($2 billion) capital, as the lender...
Saudi Set for Biggest IPO Since 2014
(Bloomberg) -- Fawaz Alhokair Group, the Saudi retailer that owns the franchise for brands like Banana Republic and Zara, may raise as much as $1...
Saudi Arabia’s Long-Delayed Banking Hub Gets a Trendy Makeover
There might not be any banks yet in the King Abdullah Financial District, but on a sunny afternoon, the once-stalled development in Riyadh is...
Saudi Aramco to Acquire $69 Billion Sabic Stake in Record Deal
(Bloomberg) -- Saudi Aramco, the world’s biggest oil producer, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund...
Mrsool Outdoes Uber, Facebook in Saudi
(Bloomberg) -- Typing out your order on Mrsool is only the start of what’s made the Saudi delivery app more popular in the kingdom than...
