Bloomberg Saudi Arabia’s sovereign wealth fund will take a $185 million stake in Capital Bank of Jordan as part of deal to help the lender expand. The Public Investment Fund (PIF) signed a subscription agreement that would involve it buying 63 million newly issued shares to give it a 23.97% stake in the Jordanian bank, according to a statement. The ...

  Dubai / WAM Emirates Development Bank (EDB), the financial engine of the UAE’s economic diversification and industrial transformation agenda, has announced its participation in Bonds, Loans & Sukuk Middle East, the region’s largest gathering for the corporate and investment banking industry. EDB is a Gold Sponsor of the event, which is taking place on 7th-8th June in Madinat Jumeirah, ...

  DUBAI / WAM Governments around the world have a “golden opportunity” to create new jobs in the aftermath of Covid-19, which has driven profound changes in businesses, working patterns and accelerated the emergence and development of new economic sectors. That is according to a new report published by the World Government Summit Organisation (WGS) in partnership with PwC Middle ...