National Commercial Bank and Riyad Bank are seeking advisers for a potential merger that would create the Gulf region’s third-biggest lender with $182 billion in assets, according to people with knowledge of the matter. The banks have sent out so-called request for proposals to firms...

The former head of German exchange operator Deutsche Boerse has agreed to pay 4.75 million euros ($5.4 million) to end a probe into suspected insider trading, prosecutors said Wednesday. Frankfurt prosecutors opened the case against Carsten Kengeter in 2016 over his purchases of shares...

Saudi Arabia announced plans Wednesday to build an entertainment complex in the capital Riyadh, the latest in a series of state-backed efforts to encourage public leisure activities after decades of tight social restrictions. The 100,000 square metre complex will be developed by the...

 (Zaman Al Wasl)- With the increasing number of Syrians refugees, some Arab countries have imposed a visa as a condition for entry, except for Sudan that turned into the only free Arab destination for people fleeing war-wrecked country. The Sudanese Committee for the Relief of the...