Gulf lenders expand while others retreat

Gulf banks have been blazing an expansionary trail across north Africa and Asia

Lower oil price forces government rethink

Spending cuts are expected as well as new opportunities for business

A Saudi investor monitors the stock exchange at the Saudi Stock Exchange, or Tadawul, on June 15, 2015 in the capital Riyadh
©Fayez Nureldine/AFP

Saudi Arabia forced to embrace change

Culture of largesse is under pressure as the country accelerates efforts to cut dependence on crude

Greek bank reviews Finansbank bids

Sale of Turkish unit offers lender way to meet eurozone demands

Saudi Arabia withdraws overseas funds

Up to $70bn moved from asset managers to boost oil revenues

Abu Dhabi hunts $1.4bn Malaysia payment

Emirati wealth fund probes dealings with scandal-hit 1MDB

Saudi king meets top US executives

Kingdom courts overseas investors to help diversify economy

A Saudi man walks on a street past a field of solar panels at the King Abdulaziz city of Sciences and Technology, Al-Oyeynah Research Station, May 21, 2012
©Fahad Shadeed/Reuters

Saudi Arabia seeks US investment

Broad range of sectors opened to investment

Aleppo traders push to adopt Turkish lira

Advocates say change is practical and will hurt Assad regime

Saudi Arabia plans $27bn in bond issues

Low oil prices put strain on kingdom’s finances

Egypt: New foundations

Plan offers hope to Egyptians living in unregulated, poor housing

Money can buy Iran’s restraint in the Gulf

Neighbouring states should use their wealth to tempt nation to pull in its regional horns

Houthi forces battle to retake Aden

Ousted president had earlier claimed Saudi-backed forces had ‘liberated’ the port city

Blast kills up to 30 in south Turkey

Attack on Kurdish centre comes days after Turks arrest Isis suspects

Saudi finances slip as FX reserves slide

Riyadh likely to report budget deficit of 17.5% of GDP this year

Gasfield fight exposes Israel faultlines

Critics say proposed deal with energy groups on $6.5bn project smacks of cronyism

Arab region expected to bounce back

Oil prices will rise and infrastructure will help new trade links

Saudi stock market opens to foreigners

Exchange grants direct access to overseas investors with more than $5bn in assets under management

Saudi bourse will have limited appeal

‘Stringent’ limits will bar entry to global indices

Modern vision of Iran’s tech start-ups

A rising class of entrepreneurs believe their projects will win over clerics, says Stephan Chambers