Bank Leumi, UAE bank, negotiating partnership amid normalization
Israel's Bank Leumi has been negotiating a partnership with an unnamed bank in the United Arab Emirates (UAE), according to…
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Lebanese central bank tells banks to provision for 45% loss on Eurobonds
The Lebanese central bank has told Lebanese banks to provision for a 45% loss on their Eurobond holdings, according to…
Sovereign wealth funds stampede into stocks outside the U.S.
Sovereign wealth funds poured a net $7.1 billion into stocks during the second quarter, the most in several years, with…
Bahrain jails Future Bank officials; $47mln fines issued for money laundering
Three Future Bank officials have been sentenced to five years in jail and fined $1 million each following a series…
Israel’s Bank Leumi negotiating collaboration with Emirati bank, reveals Leumi exec
Shmulik Arbel, head of the corporate and commercial division at Israel's Bank Leumi, dropped a bombshell Wednesday during Calcalist’s online…
Top UAE bank profits surge in second quarter as lending jumps
Profits at the top ten UAE banks jumped by 21.25 percent in the second-quarter compared to the previous three months…
Nasdaq Dubai signs agreement to attract Chinese listings
Nasdaq Dubai has announced the signing of a strategic cooperation agreement with Hong Kong-based Zhongtai Financial International and Beijing Tian…
Automated payment retrieval service to come into force soon — Hafez
Talaat Hafez, spokesman for Saudi banks, said that the Saudi Payments Company (SPC) is currently working to introduce the automated…
Mashreq Bank outlines investment trends to navigate the global economy in uncertain times
Mashreq, one of the leading financial institutions in the UAE, has released its economic outlook report for the second half…
Strong capital base gives SABB buffer against pandemic shock
The Saudi British Bank (SABB) recorded an accounting loss for the first half of 2020 following an impairment in goodwill…
Here Are The Top Ten Largest Banks in the Gulf Cooperation Council Region
In the Arabian Gulf, the Gulf Cooperation Council (GCC) are home to some of the largest banks in the entire…
Revealed: the most powerful people in Saudi Arabia
Welcome to the annual Arabian Business Saudi Power List - our guide to the kingdom’s most influential movers and shakers.…