Review of the Week: Too much oil
Oil prices went negative for the first time ever last week, yet stock markets took it in their stride. …
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Saudi-based APICORP hires Citi, Goldman, StanChart for dollar bonds -sources
The Arab Petroleum Investments Corporation (APICORP), a Saudi-headquartered multilateral development bank, has hired banks to arrange investor meetings ahead of…
Northern Trust names EMEA CTO
Northern Trust has named Alison Pain as chief technology officer (CTO) for the Europe, Middle East, Africa region. From…
StanChart Bad Loan Momentum Continues
Standard Chartered could face up to $600 million in bad loans after major borrowers faced a series of reported predicaments.…
KFH says no new updates regarding Bahrain’s Ahli United acquisition
Kuwait Finance House (KFH) said that there were no new developments regarding its acquisition of Bahrain’s Ahli United Bank after…
Saudi banks need to accelerate digital transformation: KPMG
Banks in Saudi Arabia have to revisit their digital transformation plans and strive to launch new channels that will sustain…
Coronavirus curfew in Saudi Arabia has been partially lifted
The coronavirus curfew in Saudi Arabia has been partially lifted. Residents will have to stay in their homes between…
Qatar banks post more than 9% jump in total assets in March: QCB
The credit line of Qatar's commercial banks, especially for the private sector, appears to be strong, thus helping in a…
StanChart’s Troubled Loans Top $600 Million on Corporate Woes
Problem loans at some of Standard Chartered Plc’s large clients may top $600 million as a string of corporate scandals…
UAE's Sharjah, Ras Al Khaimah to negative
S&P Global Ratings has lowered its outlook to negative from stable for Sharjah and Ras Al Khaimah, two of the…
UAE, Gulf states can raise billions via asset sales
Gulf nations may turn to asset sales to complement an almost $50 billion debt spree to support economies rocked by…
Egypt lender buys Mayfair Bank stake for Sh3.7bn
Egypt’s largest private lender, Commercial International Bank (CIB), will inject Sh3.7 billion ($35 million) into Mayfair Bank following its acquisition…