Gulf Times - Arab-Bank
Palestinian billionaire Masri back in Jordan after release in Saudi

Palestinian billionaire Masri back in Jordan after release in Saudi

Palestinian billionaire Sabih al-Masri, Jordan's most powerful businessman, returned to Amman on Tuesday after his release in Saudi Arabia secured when he agreed to pay an unspecified amount of money, sources close to the matter said.

Palestinian billionaire Masri detained in Saudi Arabia

Palestinian billionaire Masri detained in Saudi Arabia

Sabih al-Masri, Jordan's most influential businessman and the chairman of its largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday.

IMF backs Saudi, Gulf spend cuts with growth set to slow

IMF backs Saudi, Gulf spend cuts with growth set to slow

Cutting government spending and reducing subsidies are necessary steps for oil-rich Gulf nations to adjust to the “new reality” of lower crude prices...