Saudi investor picks up the Savoy
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London's famous Savoy hotel is sold to billionaire Saudi investor Prince Alwaleed bin Talal for an undisclosed sum.
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Shares rose on Monday after an investment deal raised hopes that wealthy foreign investors would come to the rescue of Americaâs ailing investment firms.
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Mayfair-based property tycoon with the Persian name emerges as notable victim of credit crunch
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The kingdom is placing Saudis in jobs traditionally held by foreigners, betting that greater economic opportunities will counter the rising militancy challenging the royal family.
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The discount broker spreads the wealth around.
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The company continues its rapid growth, but investors want even more.
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Shares of Saudi Arabia's dominant insurance firm rise 84% on their first day of trading.
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The business development company makes a rare share repurchase.
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It's a challenging sector, but this restaurant stock is serving up an appetizing investing opportunity.
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A group led by the UAE's Etisalat plans to spend $1bn (Â£544m) on expansion after winning two mobile phone licences in Saudi Arabia.
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A member of the Saudi royal family and a private equity group are coming to the rescue of SCO Group, a company that claims it holds the copyright to the ubiquitous Unix operating system and that developers of the Linux open-source operating system stole it.
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Arts & entertainment: Â· Russian billionaire pays over Â£25m for treasures Â· Usmanov coup follows major Arsenal investment
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Nasdaq and Borse Dubai, aiming to muscle out potential rival bidders, boosted an offer for OMX to $4.9 billion on Wednesday and pushed close to a majority stake in the Nordic exchange group.
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Dr. Badr Al-Badr, General Manager, Cisco Saudi Arabia, said that the SR 1 billion investment initiative Cisco announced last April puts higher education and technical training at the heart of the company's investment drive in Saudi Arabia.
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Hong Kong property firm Chinese Estates Holdings Ltd.  is in talks with investors on a possible buyout of the firm, valued at more than US$4 billion, sending its shares up as much as 30 percent to a record high.
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Eleven private investors, including a rival carrier, a private equity fund in the United States and an Italian industrialist are interested in buying the struggling Italian airline Alitalia, the economy ministry said. AP Holding, led by the chairman of Air One, Carlo Toto; the Texas Pacific Group; and the private equity fund Management and Capitali, which is operated by Carlo De Benedetti, are among those having expressed interest in Alitalia, the ministry said. The Italian government holds 49.9 percent of the airline and is seeking to sell at least 30.1 percent. The ministry said that others interested in Alitalia included a private equity fund, MatlinPatterson Global Advisers; an Italian banking group, UniCredit; and an Italian investor, Paolo Alazraki.
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The initial public offering (IPO) of shares in the newly established Saudi mobile phone company led by the United Arab Emirates' Etisalat will start October 16, the head of the Capital Market Authority announced.