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Staff Writer

Staff Writer
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Investcorp promotes 21 team members in Bahrain including two to Managing...

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Investcorp has announced a series of promotions in the Bahrain office. Twenty-one employees were promoted across a variety of grades in the firm, including...

Private companies lead Gulf IPOs to raise $12.1bn in 2024

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Gulf initial public offerings raised a combined $12.1 billion last year as companies across myriad sectors including retail, healthcare, energy and financial services went...

Mashreq completes $385mln sale of majority stake in Neopay

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Mashreq announced the completion of the sale of a majority stake in Neopay, the UAE’s fast-growing digital payments leader. As previously announced on September 13,...

GCC manages 38% of global SWF assets in 2024, Mubadala leads...

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Sovereign Wealth Funds (SWFs) reached a historic milestone in 2024, managing $13 trillion in assets, of which the GCC region managed 38%. A recent...

Burgan Bank to acquire 100% stake in Bahrain’s United Gulf Bank

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Burgan Bank has recently received the final approval from the Central Bank of Kuwait (CBK) to acquire 100% stake in United Gulf Bank (UGB),...

Bank of Sharjah appoints Sridhar Karlapudi as new Chief Operating Officer

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Bank of Sharjah, announced the appointment of Sridhar Karlapudi as its new Chief Operating Officer. Sridar has 25 years experience across India, the Middle East...

Dubai’s DIFC attracts surge of Chinese financial firms in 2024

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Dubai reported a surge in interest from Chinese financial firms and multinational companies in 2024. The top five Chinese banks, including Bank of China and...

State Street hires Majed Al Hassoun as Head of KSA and...

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State Street Corporation has appointed Majed Al Hassoun as Country Head for Saudi Arabia and Bahrain. In his new role, Al Hassoun will be responsible...

StanChart hires Momin Jaffar as Group Head of Global Private Bank

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Momin Jaffar has joined Standard Chartered as Managing Director & Group Head - Global Private Bank based in Dubai. He joins from HSBC, where...

Goldman Sachs names Omar Alzaim as Saudi CEO

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Goldman Sachs has appointed Omar Alzaim as Chief Executive Officer of its Saudi Arabia operations as it looks to boost its presence in the...
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