Dubai / Reuters Saudi Arabia will issue a local currency sukuk, or Islamic bond, this month, Saudi finance minister Mohammed Al Jadaan told Al Arabiya News on the sidelines of the G20 summit in Hamburg. The government is expected to tap both the local and international bond markets this year, depending on the level of demand and the pricing it ...

RIYADH / Reuters Morgan Stanley named a new chief executive of its office in Saudi Arabia on Monday, as the firm carries out work on high-profile deals like the initial public offering of state oil giant Aramco. Abdulaziz Alajaji was previously head of corporate banking at JPMorgan & Chase Co in the kingdom. Rival JPMorgan enjoys a strong position in ...

Bloomberg HSBC Holdings Plc is in talks to resolve a U.S. probe into its sale of toxic mortgage bonds a decade ago, according to people familiar with matter, a negotiation that could offer an early look at how the Trump Justice Department will deal with global banks. The London-based bank has had at least one meeting with the Justice Department ...