07/14/2019
Shuaa shareholders approve ADFG tie-up
Shareholders gave green light on Thursday for deal which creates enlarged group with 380 employees
Investment Bank
07/11/2019
Invest Bank sees Dh106m loss in first quarter
Bank says Sharjah government will underwrite Dh785m rights issue later in 2019
07/11/2019
HSBC launches issuer services in the UAE and Egypt
In a statement, HSBC said that the addition of UAE and Egypt to the HSBC network brings the number of countries the business operates to 15.
07/10/2019
Deutsche Bank says 'too early' to know about MidEast job cuts
A UAE-based spokesperson told Arabian Business “it is too early” to comment on how the job cuts would impact the Middle East operations and that the bank would not be disclosing a regional breakdown of job losses
07/08/2019
2019 has been 'a pretty good year', says StanChart MENA CEO
Sunil Kaushal says Standard Chartered has seen very strong growth this year
07/05/2019
Softbank plans to invest $2-4 b more in India in 2 years
The Japanese company will help portfolio companies form joint ventures with Indian firms.
07/03/2019
Egypt United Bank Stake Sale Advances as Advisers Bid for Role
The years-long drive to sell part of United Bank could be a bellwether for investment prospects in the Arab world’s most populous country, which is seeking to draw in interest beyond its oil and gas industry.
07/02/2019
NBK Capital wins ‘Best Investment Bank in Kuwait’ at 2019 Euromoney Awards
Euromoney highlights NBK Capital’s business model of customer satisfaction
07/01/2019
SICO Named Best Investment Bank in Bahrain
The Euromoney Middle East Awards for Excellence are held annually to recognize banks with a demonstrated capacity to exceptionally deliver to their clients’ needs and evolve to meet market conditions and regulatory changes.
07/01/2019
HSBC Bank Oman wins Best Investment Bank Award from Euromoney
The bank was praised for excellence in terms of quality of service and performance as well as having the most comprehensive investment banking product offering in the market.
06/27/2019
Euromoney Middle East Awards for Excellence 2019 winners revealed
Arab Bank named Middle East’s best bank in Euromoney Awards for Excellence 2019; EFG Hermes scoops regional investment banking award; Accad recognised for outstanding contribution to finance.
06/27/2019
Evercore Investment Bank to Open Israel Branch
Leonard Rosen, CEO of Barclays Israel and former CEO of Lehman Brothers Israel, will head the local branch
06/21/2019
HSBC gets top adviser role in Qatar for first time since Gulf row
As a result of that, HSBC has not arranged any bond deals out of Qatar since the crisis began in 2017, according to Refinitiv data, after having been at the top of bond league tables.
06/19/2019
UBS brings machines into credit derivatives to boost trading
When combined, these transactions can give a boost to trading volume, which is why a wide range of brokerages are automating that trading.
06/18/2019
Barclays feted at M&A Awards 2019
We’ll continue to work closely with our teams around the world to deliver seamless execution to our clients in the region
06/14/2019
HSBC Carves Special Role as Banker to the Saudis
As the kingdom tries to attract business after Jamal Khashoggi’s killing, HSBC is drawing on its decades-long ties to benefit more than any financial institution
05/22/2019
Dubai's Mashreqbank hires Citi, BAML for dollar bond reopening -sources
Under a bond tap, an existing transaction is reopened for subscription, using the same documentation as before.
05/16/2019
SHUAA Capital progressing with potential combination with ADFG; releases Q1 2019 earnings
Combination with major shareholder ADFG progressing through final stages, followed by regulatory and shareholder approvals
05/16/2019
Shuaa swings to Q1 loss on Abraaj exposure
Company says talks for a potential merger with ADFG are in progress
05/15/2019
GFH Q1 net profit dips 41.4pc to $21.36m
The Group reported consolidated net profit of $20.7 million, compared with $36.89millionin the first quarter of 2018.