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Saudi banking giant on $ 200bn merger

National Commercial Bank, Saudi Arabia’s biggest lender, has ended talks in order to merge with Riyad Bank, a deal that would have created a lender with more than $200 billion in total assets. The boards agreed to terminate talks, according to a statements to the Saudi stock market, without giving further details. Talks between the…

dubai-LordInvestor
The UAE is the most prosperous Arab nation

The United Arab Emirates is the most prosperous Arab nation according to the latest Legatum Prosperity Index that saw Saudi Arabia improve its prosperity more than any other country in the MENA region, climbing 14 ranks in 10 years. The prosperity index, in its thirteenth year, assesses how well 167 countries promote the economic and…

artificial-islands-LordInvestor
Qatar: Investments by Norwegian Firms more than $10 Billion

Many initiatives are currently being taken to further improve trade relations between Qatar and Norway. While Norway will continue to increase its participation in the Qatar food sector, there is ample room for cooperation between the two countries in sectors such as marine technology and defense industries. The success of Norwegian companies in Qatar in…

sunset-LordInvestor
Middle East construction still top investment option

The Middle East and Africa construction event, The Big 5, which is being held 25-28 November at the Dubai World Trade Centre unveiled a first-of-its-kind research report titled The Voice of the Construction Industry Report. This is the first report to investigate the full spectrum of the construction industry through the eyes of its senior…

audrey-hepburn-LordInvestor
Louis Vuitton owner LVMH to buy Tiffany for $16bn

LVMH, the world’s biggest luxury group, is to take over Tiffany & Co, the US jeweller famed for its engagement rings and white diamond necklaces, in a $16.2bn deal. Bernard Arnault’s luxury goods empire, with brands such as Louis Vuitton, Dior and Moët & Chandon, announced it had agreed to pay $135 a share in…

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