Edition:
United Kingdom

Tom Arnold

Cinemas and fast fashion: Reforms change Saudi shopping habits

7:08am BST

DUBAI/RIYADH Saudi Arabia's malls and bazaars are changing as retailers embrace a shift in shopping habits brought about by reforms to diversify the economy away from oil.

UPDATE 1-Actis, TPG picked to take over some Abraaj funds -sources

24 Sep 2018

DUBAI, Sept 24 Actis has been picked as the preferred bidder for the management rights of Abraaj's Africa funds, sources familiar with the matter said, as liquidators begin breaking up the operations of what was once the Middle East's largest private equity firm.

UAE banks group considers asking for ease in mortgage rules

24 Sep 2018

DUBAI/ABU DHABI, Sept 24 The United Arab Emirates' banking group is considering whether to ask the central bank to relax mortgage lending rules to stimulate a fragile real estate market, sources familiar with the matter said.

Actis picked to take over Abraaj's Africa funds -sources

24 Sep 2018

DUBAI, Sept 24 Actis has been picked as the preferred bidder for the management rights of Abraaj's Africa funds, sources familiar with the matter said, as liquidators begin breaking up the operations of what was once the Middle East's largest private equity firm.

UPDATE 1-Qatar's Commercial Bank says targets $750 million loan refinancing

20 Sep 2018

DUBAI, Sept 20 Commercial Bank, Qatar's third-largest lender by assets, aims to raise $750 million through a syndicated loan, a bank spokesman said on Thursday.

Qatar’s Commercial Bank in talks for $1 billion loan - sources

20 Sep 2018

DUBAI, Sept 20 Commercial Bank, Qatar's third-largest lender by assets, is in early talks with banks to refinance a $1 billion syndicated loan, sources close to the matter said.

UPDATE 1-Qatar appoints Mansour al-Mahmoud CEO of $320 bln sovereign fund

19 Sep 2018

DUBAI, Sept 19 Qatar has appointed Mansour Ibrahim al-Mahmoud as chief executive of the Qatar Investment Authority, one of the world's largest sovereign wealth funds, the state news agency said on Wednesday.

MIDEAST STOCKS-Saudi stocks lifted by oil rise, SABIC-Clariant partnership

18 Sep 2018

DUBAI, Sept 18 Saudi Arabia's stock market closed higher on Tuesday, buoyed by rising oil prices and more details on Saudi Basic Industries Corp's (SABIC) partnership with Switzerland's Clariant.

Qatar National Bank in talks to refinance 2.25 bln euro loan - sources

18 Sep 2018

DUBAI, Sept 18 Qatar National Bank, the largest bank by assets in the Middle East and Africa, is in discussions with lenders to refinance a 2.25 billion euro syndicated loan, sources familiar with the matter said.

Saudi's PIF invests more than $1 billion in electric carmaker Lucid Motors

17 Sep 2018

DUBAI Saudi Arabia's Public Investment Fund (PIF) has agreed to invest more than $1 billion in Lucid Motors, adding to the emerging competition facing U.S. electric vehicle maker Tesla Inc .

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