Goldman Sachs has recently unveiled a Blackstone-like alternative investments group, previewing a key element of the strategic plan to be presented at the company’s much-anticipated investor day. In a memo to staff , David Solomon, Goldman’s chief executive, and his two top lieutenants described the Alternatives Capital Markets and Strategy Group as a unique opportunity…
The French family office Zaka Investments has just completed the purchase of a unique property at number 20 of the emblematic Madrid Gran Vía for more than 44 million euros. The asset, which until now hosted offices of the Government of the Community of Madrid, will be transformed into a luxury hotel operated by the…
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: Dubai is all set to host the 12th edition of the annual Arab Strategy Forum (ASF 2019) The event will run under the theme ‘Forecasting the Next Decade 2020-2030’. A series of panels and Q&A sessions with some of the world’s leading personalities on the political and economic stage, including former US Vice President…
The Burj al Arab in Dubai is one of the most profitable hotels in the world, according to the CEO of the Jumeirah Group, the owner of the iconic sail-shaped building. The legendary property was rated the world’s first seven-star hotel by a British journalist when it was officially opened on December 1, 1999. While…
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…
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…
