The National Bank acquires the Palestine branch of the Jordan Commercial Bank
The Ramallah-based National Bank has announced the completion of the acquisition of the assets and obligations of the Palestine branch…
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Sherif Farouk appointed as Egypt Post Chairperson
Prime Minister Mostafa Madbouly has issued the decision appointing Sherif Farouk as Chairperson of Egypt Post for a period of…
UAE Islamic insurance in throes of consolidation
The takaful market is on course for even more M&A deals, with Shariah-compliant products set to receive greater acceptance following…
Oman Insurance completes 100% acquisition of subsidiary Dubai Starr Sigorta
Oman Insurance Company has completed 100 percent acquisition of its subsidiary Dubai Starr Sigorta. Dubai Starr Sigorta is an…
MENA fund managers to increase Saudi investments with eye to recovery
Middle Eastern fund managers plan to increase investments in Saudi Arabia in the current quarter, according to a Reuters poll,…
Dubai Debuts Nationwide Data Platform Powered by Blockchain
This platform is set to become a nationwide system for exchanging verified customer data. Dubai’s Department of Economic Development,…
First Abu Dhabi Bank joins Middle East lenders in raising provisions
Abu Dhabi’s biggest lender joined its regional Gulf competitors in setting aside higher provisions to cover a spike in bad…
Qatari Commercial Bank Says The Worst Oil Shock Is Over
The worst of the shock to oil markets and economies stemming from the COVID-19 pandemic is already behind us, the…
Gulf banks are weathering the pandemic storm — for now
A shiver went through the UAE’s financial community last week when Emirates NDB, the champion of the Dubai banking business…
Credit Suisse Hiring Morgan Stanley Dubai Banker Luthra
Credit Suisse Group AG is hiring Morgan Stanley dealmaker Tara Luthra to help expand its investment banking operations in the…
NBB H1 profit down 27.3% on Covid-19 impact
National Bank of Bahrain has reported a 27.3% decrease in its net profit attributable to equity shareholders to BD29.1 million…
Turkey under pressure as inflation forecasts rise
Turkey’s central bank, under pressure from rising prices and a volatile drop in the lira, ratcheted up inflation forecasts on…