By Davide Barbuscia NEW YORK (Reuters) - PIMCO said on Tuesday that this year's banking turmoil has created opportunities for the U.S. bond giant to expand in areas which were previously the domain of regional banks. After three of the largest bank failures in U.S. history earlier this year, as well as the collapse of Credit Suisse in Europe, credit conditions have tightened - meaning lenders have become more cautious about giving out loans. This is leaving space to non-bank lenders such as...

DOHA, Dec 9 (Reuters) - Qatar’s Commercial Bank could raise up to $1 billion in debt next year by tapping a range of various debt instruments, as the country’s third-largest lender by assets aims to further diversify its funding sources, the bank’s chief executive said. Qatari banks, traditionally reliant on foreign funding, have sought to tap a larger variety of investors since June last year when Qatar became locked in a diplomatic dispute with Saudi Arabia, the United Arab Emirates, Egypt...

* World’s last ban on female drivers lifted in Saudi * Saudi insurance stocks post gains of up to 10 pct * Gains spread across insurance, banking, petrochemical sectors * Dubai flat, Air Arabia unchanged By Davide Barbuscia DUBAI, June 24 (Reuters) - Saudi insurers posted significant gains on Sunday, on hopes that insurance volumes will rise as women began driving in Saudi Arabia, in the end of the world’s last ban on female drivers. This lifted the Saudi exchange, which outperformed other...

DUBAI (Reuters) - Deutsche Bank (DBKGn.DE) is looking to sell its small stake in Dubai-based Abraaj, the embattled private equity firm involved in a row over alleged misuse of investor money, two sources familiar with the matter said. The potential sale, which the German bank has been considering for some time, has become more urgent since Abraaj, the Middle East and Africa’s biggest private equity fund, has been locked in a dispute with investors, said the sources. Deutsche, which is...

MANAMA (Reuters) - In smart new offices with Gulf views, a dozen firms work on digital currencies, blockchain-based payments and other financial technology. Bahrain FinTech Bay is seen as staff chat in its office in Bahrain Bay, Manama, Bahrain, February 28, 2018. REUTERS/Hamad I Mohammed Bahrain FinTech Bay, inaugurated last month, is part of the kingdom of 1.4 million’s drive to revive its reputation as the Middle East’s top banking and business center. Shi’ite protests against Sunni Muslim...