News

QIA set to increase stake in Credit Suisse

QIA, Credit SuisseThe Qatar Investment Authority (QIA) is reportedly planning to up its stake in troubled Swiss bank Credit Suisse. This would mean that up to a quarter of Credit Suisse shares would be owned by Middle East investors. Qatar’s sovereign wealth fund is teaming up with the Saudi National Bank to participate in the share sale, according to sources quoted in the Financial Times. Credit Suisse is looking to raise more than US$6.2 billion from the sale, which would be used to find a wide-ranging restructuring. The Swiss bank has suffered a series of scandals and investment losses in the last two years that began in February 2020 when its chief executive at the time, Tidjane Thiam, was forced to resign over the use of covert surveillance. Saudi National bank is set to invest SFr1.5 billion to acquire a 9.9% stake, while the QIA is expected to increase its existing 5% share in the Swiss bank. ©2022 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

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Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

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Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

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Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.