Tag: Middle East

  • What Led the Middle East’s Top Dealmaker to Step Down

    The Middle East’s biggest private equity dealmaker is stepping aside under a cloud of controversy. Arif Naqvi ceded control of the fund-management unit of his Abraaj Group in February on the heels of allegations that money in the company’s health fund had been misused. Naqvi and the company denied any wrongdoing and blamed unforeseen political and […]

  • Everyone From Goldman Sachs to HSBC Wants a Piece of Saudi Banking

    Saudi Arabia’s ambitious plan to transform its economy away from oil has global banks lining up for a piece of the action. It’s already the busiest year ever for merger and acquisitions and financing deals in the kingdom and that’s prompting the world’s top banks to invest in the country in preparation for a highly-anticipated bonanza of commissions. […]