UAE banks target Lebanese peers' units in growing Egyptian market for M&A
Lebanon's ailing banks must sell their prized Egyptian subsidiaries, with Gulf lenders the most likely buyers as they seek to…
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Credit Suisse to cut jobs in Gulf in wealth management overhaul
Credit Suisse Group is laying off about 20 people in the Middle East as it restructures wealth management activities in…
HSBC named ‘Best International Bank in the Middle East’
HSBC has won multiple honours in Asiamoney’s annual awards for banks with the best capabilities to connect customers in Asia…
UAE still among most preferred destinations for ultra-wealthy
Although the UAE could see an exodus of millionaires due to the coronavirus pandemic this year, the country will continue…
First Abu Dhabi Bank and Egypt Post launch services drive
First Abu Dhabi Bank in Egypt has signed a memorandum of understanding with Egypt Post to boost financial inclusion in…
Turkish lira slides to record low amid Armenian tensions
The Turkish lira hit a record low on Monday amid growing concerns around clashes between Armenian and Azeri forces, while…
Gulf financial resilience to help ‘difficult’ recovery
The Gulf region is expected to face a difficult recovery from the economic shock of the coronavirus disease (COVID-19) pandemic,…
Saudi Arabia strengthens position as world’s largest Islamic finance market
Islamic financing in Saudi Arabia will reach around 80 percent of system-wide loans in the next 12-18 months according to…
Qatar’s general PPI rises 4.9% in August: PSA
Qatar’s General Producer Price Index of August increased by 4.9% when compared with previous month, the Planning and Statistics Authority …
Chubb appoints Konstantin Tretiakov as Regional Casualty Manager, MENA
Chubb has announced the appointment of Konstantin Tretiakov as Regional Casualty Manager, MENA. In his new role Konstantin will…
Bringing the money back home
Contradicting previous expectations, Egyptian expatriate remittances from abroad recorded an increase of $3.3 billion in the first nine months of…
Banque Misr, a Major Egyptian Commercial Bank, to Launch Standalone Digital Banking Platform in 2021
Egypt’s Banque Misr, which is the nation’s second-largest commercial bank, is reportedly planning to launch an all-digital or digital-only bank…