Bloomberg Saudi Arabia’s net foreign assets dropped below $500 billion in April for the first time since 2011 even after the kingdom raised $9 billion from its first international sale of Islamic bonds. The Saudi Arabian Monetary Authority, as the central bank is known, said its net foreign assets fell by $8.5 billion from the previous month to about $493 ...

Bloomberg Saudi Arabia could attract tens of billions of dollars in foreign investments in the Arab world’s biggest stock market if it’s added to MSCI Inc.’s emerging-markets index, according to Deutsche Bank AG’s chief executive officer for the Middle East and Africa. Our “research anticipates a figure of up to $35 billion of inflows,” Dubai-based Jamal Al Kishi said in ...

Bloomberg Kuwait Finance House KSCP is in talks to buy Bahrain’s Ahli United Bank BSC, a person familiar with the matter said, in a deal that would create one of the Middle East’s largest Islamic lenders with about $85 billion of assets. KFH, as the lender is known, started discussions to acquire the Bahraini lender as well as its operations ...