Citi infamously shuttered a sun-soaked Spanish outpost in April after a brief three-year stint. Here's why the offices springing up in Riyadh, Abu Dhabi and Dubai will avoid, or perhaps meet, that fate. Major financial institutions open and close satellites all the time. But one such installation's rapid rise and famous fall made more news than usual this year - when Citi abandoned its experimental office in Malaga, Spain. The outpost, dreamed up post-pandemic to attract to t

Boston giant opens Riyadh as a regional HQ, while reportedly in talks to enter India's well-poised - though historically tricky - mutual fund market. State Street Investment Management has announced a new footprint in Saudi Arabia, following a strong second-half trend of major global institutions opening up shop in the Kingdom, as well as the wider GCC. More than a typical satellite, Riyadh will also serve as a regional headquarters for the wider MENA region following its of