Saudi Arabia’s Crown Prince Mohammad Bin Salman may have lowered his valuation-target for Saudi Aramco as it prepares an initial public offering, but some of the world’s biggest investors say he’s not gone far enough.
The desert gave Dubai an easy excuse to keep building. Sprawling for kilometers in every direction from the dueling skyscrapers on the coast, villa communities have sprung up across the sandy interior, bringing with them schools, hospitals and shopping malls. Where the dunes once spilled into the Gulf, an eight-lane highway now connects the new developments with the established neighborhoods.
The Saudi government will be subject to a one-year restriction on selling additional Aramco shares in the oil company after a planned initial public offering (IPO), three sources familiar with the matter said.
Saudi Aramco’s blockbuster listing remained shrouded in mystery Monday, a day after the firm finally announced its plans, with scant details disclosed and expert valuations varying wildly from around $1.2 trillion to $2.3 trillion.
BP Plc, Royal Dutch Shell Plc, Total SA and Vitol Group are among partners in a new exchange to trade Abu Dhabi’s flagship oil grade in what could become a...
Dubai is deflating its economy to squeeze out growth.
As the yield advantage of emerging-market bonds over their developed counterparts widens, Egypt and Turkey stand out as winning bets, offering the highest...
The Kuwait stock exchange’s initial public offering is progressing well and will close next month oversubscribed, the bourse’s chief executive officer said.
Lenders in the country will remain closed, the Association of Banks in Lebanon said Tuesday, as bank employees announced their intention to stay on strike.
Lebanon’s bankers’ syndicate head says ATM machines will be stocked with cash
Federal Reserve Chairman Jerome Powell is likely to signal again this week that monetary policy is on hold, buttressing the belief that he may steer clear of...
HSBC Holdings PLC is intensifying efforts to mend ties with Qatar after diverting its attention from the gas-rich Gulf state that’s been isolated by a...
Chinese state-owned entities are in talks about investing a combined $5 billion to $10 billion in Aramco’s initial public offering, as Saudi Arabia seeks...
Abu Dhabi will begin trading futures contracts of its flagship oil grade in what could eventually become a new price benchmark for a fifth of the world’s crude.
Saudi Arabia’s giant state oil company finally kick-started its initial public offering Sunday, announcing its intention to float on the domestic bourse in...
Saudi Arabia’s state oil company kicked off its initial public offering Sunday by announcing its intention to float on the Riyadh bourse. Here some highlights...
Saudi regulators Sunday approved state energy giant Aramco's request to make its stock market debut, firing the starting gun on the highly anticipated...
Saudi Crown Prince Mohammad bin Salman will decide in the next two days whether there’s enough support from local investors to finally go ahead with the...
Saudi Arabia plans to gradually reduce government spending as private-sector growth picks up and businesses take the lead, Finance Minister Mohammad al-Jadaan...
Kuwait joined a round of monetary easing in the Gulf for the first time this year as regional central banks followed the U.S. Federal Reserve’s interest-rate...
Saudi Arabia is considering increasing how much the kingdom’s banks can lend to local investors who want to buy shares in Aramco’s initial public offering,...
Airbus SE is working to pin down an order for 100 narrow-body aircraft from Air Arabia PJSC that would be worth more than $10 billion at list prices,...
Egyptian President Abdel-Fattah al-Sisi said Thursday that offerings of state companies on the stock market could include those run by the military as he...
What a difference a year makes. There was standing room only in the expansive halls of Riyadh’s Ritz-Carlton hotel Tuesday as the world’s financial royalty...
Saudi Aramco earned $68 billion in the first nine months of the year, cementing its position as the world’s most profitable company, according to people...
Saudi Aramco is targeting to kick off its initial public offering (IPO) on Nov. 3, three sources familiar with the matter told Reuters.
Markets in the Middle East and Central Asia may have more to lose from a shift in global risk sentiment than other developing nations, according to an...
The only Gulf Arab central bank with an unpredictable monetary policy might finally fall in line this week.
The merit of Saudi Arabia’s new bankruptcy law, part of efforts to help the kingdom attract investors, should become clearer in about a year after courts...
For the second straight year, the risks of doing business in Saudi Arabia are pushing their way onto the agenda of Saudi Crown Prince Mohammad bin Salman’s...
Kuwait, OPEC’s fourth-biggest member, is considering cuts to its oil production capacity targets, in large part because mounting concern about climate change...
Turkey's central bank slashed rates by a more than expected 250 points to 14 percent Thursday, taking advantage of an inflation dip and a steadier lira after...
Egypt’s economy is expected to grow 5.5 percent in the fiscal year that began on July 1 and 5.7 percent the following year, a Reuters poll showed, as Cairo...