Finance

Riyad Bank’s board is planning to list its investment arm, Riyad Capital, on the Saudi stock exchange, as the government tries to increase market offerings to raise the status of Saudi capital markets in global rankings. The bank said in […]

On Tuesday said it will pump $1.7 billion into Indonesia over the next four years to build new cloud and AI infrastructure. The announcement came as CEO Satya Nadella met with Indonesian President Joko Widodo on the same day. Microsoft […]

April 30 (Reuters) – Metro Bank (MTRO.L), opens new tab posted a 4% increase in total deposits for the first quarter on Tuesday, thanks to the campaign it launched late last year to make up for significant withdrawals by customers amid reports […]

FRANKFURT, April 29 (Reuters) – Deutsche Bank (DBKGn.DE), opens new tab has warned a protracted lawsuit claiming it underpaid for Postbank could cost Germany’s largest lender up to 1.3 billion euros ($1.39 billion). Deutsche acquired the no-frills Postbank during the financial crisis seeking to […]

FRANKFURT, April 28 (Reuters) – Deutsche Bank (DBKGn.DE), opens new tab said on Sunday that it would “carefully assess” options for a possible settlement in litigation over its takeover of Postbank that has required it to make provision for claims of up to 1.3 […]

Emirati investors may be increasingly tempted to look at Iraq after additional safeguards are introduced under a new bilateral investment treaty, observers believe. The treaty between Iraq and the UAE was signed in October 2021 and ratified by both states […]

Consolidation in the GCC’s insurance sector – already underway because of rising competition and stricter regulations on solvency capital requirements – could be accelerated by the impact of the flooding in the region last week. Ratings agency S&P Global said […]

At lunch at a classy beachside restaurant in Madinat Jumeirah last week, I met a senior representative of a Russian mining company visiting the Dubai office on a brief stopover during an “international networking” tour. Some aspects of the miner’s […]

LONDON — British cybersecurity firm Darktrace on Friday announced it had agreed a sale to U.S. private equity giant Thoma Bravo, for an all-cash offer of $5.315 million. Darktrace shares were 17% higher at 10:26 a.m. London time. Investors are set to […]

BEIJING/SHANGHAI, April 26 (Reuters) – China’s Bank of Communications Co Ltd (BoCom) (601328.SS), opens new tab, reported a 1.44% rise in first-quarter net profit amid a slowing economy. BoCom, the first among five of the nation’s biggest state banks reporting first-quarter […]