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Citigroup office in London

Citi betting on wealthy Middle Eastern family firms Dubai's Al-Futtaim Group and Saudi Arabia's Olayan Group, who controls lucrative businesses such as oil and gas and automobiles.

May 5, 2013 10:55
Citigroup office in London

Citigroup has great potential says AlWaleed

Pandit had done "a pretty good job" at Citigroup over the past several years...

October 22, 2012 3:30
Citi to advise Dubai’s JAFZA on $2B bond

Citi to advise Dubai’s JAFZA on $2B bond

Citigroup has been tapped to advise Dubai's main industrial free zone operator on its options for meeting a $2 billion Islamic bond maturity this year, including the potential sale of its UK based developer Gazeley, three sources said on Monday.

February 28, 2012 2:38

Batelco eyes tower sales in Bahrain, Jordan

Bahrain Telecommunications (Batelco) is eyeing a sale and lease back deal for its tower assets in Bahrain and Jordan, a banking source familiar with the matter said, in a move that would raise funds for potential acquisitions.

December 4, 2011 1:48

Bahrain plans $1B sovereign Islamic bond

Gulf Arab state Bahrain is planning to issue a $1 billion sovereign Islamic bond and has mandated three banks for the proposed sale, banking sources said.

September 27, 2011 11:14
On thin ice: Abu Dhabi wealth fund ADIA wary on global growth

On thin ice: Abu Dhabi wealth fund ADIA wary on global growth

Says global economic growth to stay "hesitant"; Annualised 20-yr and 30-yr returns rises in 2010 vs 2009; Expects equity returns to revert back to historical levels

September 13, 2011 1:14

Citi names former US diplomat to run Iraq operations

Third largest US bank focuses on Iraqi financial institutions and public sector.

May 17, 2011 10:05

Saudi Alwaleed praises Citi results, backs Pandit

Citigroup earlier on Tuesday posted fourth-quarter profit below expectations even as loan losses eased at the No. 3 U.S. bank.

January 19, 2011 10:17

KIA sells Citigroup stake

The Kuwait Investment Authority (KIA), the oil state’s sovereign…

December 6, 2009 4:41
Banks stumbling back?

Banks stumbling back?

The UAE’s banks will report growth this year, says the Emirates NBD chairman, as some of the major lenders in the US also start to show signs of recovery.

April 19, 2009 1:50