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Saudi Arabia

Barclays Canary Wharf

Financial Markets

Barclays Denies Making 'Illegal Payment', Aguis May Return

Barclays did not make any 'illegal payment' to win a banking license in Saudi Arabia, the bank said in a statement in response to a newspaper report last week that said U.S. authorities were looking at whether improper payments were made

Prison Bars

US

Saudi Student Sentenced to Life in Prison for Attempted Use of Weapon of Mass Destruction

Khalid Ali-M Aldawsari, 22, a citizen of Saudi Arabia and resident of Lubbock, Texas, was sentenced Tuesday by U.S. District Judge Donald E. Walter in federal court in Amarillo, Texas, to life in prison.

Women at Work

Global

Saudi Arabia Plans New City for Women Workers Only

A women-only industrial city dedicated to female workers is to be constructed in Saudi Arabia to provide a working environment that is in line with the kingdom's strict customs.

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People & Firms

Nomura Appoints New CEO In Saudi Arabia

Nomura has announced the appointment of Khaled AlKhattaf as Chief Executive Officer for Saudi Arabia. Mr. AlKhattaf will be responsible for developing Nomura's business in the Kingdom, including investment banking, capital markets and wealth management. He joins Nomura from the Tadawul, the Saudi Arabia Stock Exchange, where he served as the Chief Financial Officer.

People & Firms

Deutsche Securities Saudi Arabia Appoints

Deutsche Securities Saudi Arabia (‘DSSA”), a CMA licenced securities firm wholly owned by Deutsche Bank AG, has announced the appointment of Ziyad Al Ashaikh as Head of Private Institutional Clients for the Kingdom of Saudi Arabia.

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