Riyadh, Saudi Arabia -- The Public Investment Fund (PIF) intends to acquire a stake in Saudi Binladin Group (SBG), Bloomberg reported, citing sources with knowledge of the matter. The fund is working with Morgan Stanley on the potential deal to buy into SBG, Argaam reported, citing reports. The PIF is...
Fashion giant Shein to go public
Shein was valued at $66 billion earlier this year.
Morgan Stanley to cut 3,000 jobs after drop in profit
In the wake of reporting a drop in profit during the first three months of the year, the bank aims to cut down its headcount nearly 4 percent after ending March with more than 82,000 employees, according to reports. The bank suffered a 20 percent profit drop amid a slowdown...Silicon Valley Bank demise has markets jittery, analysts say no contagion risk
Officially closed and put into receivership by US authorities on Friday, SVB was at risk due to a heavy concentration in its client profile, according to Morgan Stanley.
What are the GCC’s top stock exchange constituents?
What are the top constituents of stock exchanges spread across the GCC countries? Here’s our infographic.
Morgan Stanley alum to raise $600 m for clean energy funds
Founded by Ahmad Atwan, VC Fuel intends to raise $100m for debut venture fund and seek $500m for an infrastructure vehicle Plans to invest in companies that at scale can remove 500m tons of carbon per year Founded by Ahmad Atwan, a former Morgan Stanley managing director, VC Fuel intends...
HSBC and Morgan Stanley believe Dubai property market will boom for years
HSBC and Morgan Stanley feel growth will be driven by strong demand for larger homes The rally, both feel, would continue for many more years HSBC and Morgan Stanley feel that the Dubai property market would retain its luster of being the most sought after property in the...
Aramco hires Morgan Stanley as lead adviser to sell gas pipeline stake
Aramco's $12.4 billion oil pipeline deal could be template for hiring Company also plans to spend about $35 billion on capital expenditure this year Saudi oil giant Aramco has roped in Morgan Stanley as the lead adviser to review a potential multibillion-dollar stake sale in its natural gas pipeline network,...
Dubai property booms as wealthy buyers escape lockdowns
Credit goes to recent government reforms, attractive mortgage rates, a shift in demand due to Covid-19
