GIB Capital, the investment banking subsidiary of Gulf International Bank (GIB), has advised Saudi Tabreed District Cooling Company on the private placement of a significant minority stake in Saudi Tabreed to IDB Infrastructure Fund II
Business & Management
Moody's expects Saudi spending cuts to slow non-hydrocarbon GDP growth
Rating agency Moodys said that Saudi Arabias efforts to reign in spending would slow the growth of its non-hydrocarbon sector, seen as an important step in diversifying the economy away from oil revenues
MENA fintech sector to attract US$2.5bn in deals by 2022, study finds
The current MENA fintech market is estimated at US$2bn and expected to witness an annual growth of US$125mn until 2022, according to MENA Research Partners (MRP), who added that increasingly compelling business models of fintech are expected to drive the market growth further
Saudi crown prince visits France to strengthen bilateral ties
With Saudi Arabia?s crown prince Mohammed bin Salman?s visit to France, both the countries look forward to build bilateral trade relations to strengthen security, economy and business between them
?ICT expansion and transport upgrades reshape Bahrain?s economy?
Bahrain has focused on ICT and infrastructure development to drive economic growth, a move that helped the country to make 2017 a record year for inward investment, according to a new report by Oxford Business Group (OBG), the global research and consultancy firm