Mena's first quarter Investment banking fees climb 11% boosted by M&A deals
Fees earned by investment banks operating in the Middle East and North Africa climbed 11 per cent year-on-year in the…
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UAE banks told not to terminate Emiratis or cut their salaries due to coronavirus
The UAE Central Bank has postponed Emiratisation target in the financial sector for 2020 and also asked banks not to…
Mashreq Bank’s first quarter profit slides amid coronavirus pandemic
Mashreq Bank, the Dubai lender controlled by the Al Ghurair family, reported a 28 per cent drop in its first-quarter…
Abu Dhabi Government ties up with banks to expand SME financing
Abu Dhabi’s department of finance has joined hands with three of the emirate’s top lenders to expand the SME Credit…
Dubai businesses seek rental relief from private landlords
The government backed entities have offered up to three months of rental relief to their retail clients due to slump…
Qatar government debt ‘mitigated’ by ‘credible’ currency peg: Moody’s
Qatar’s high government debt and a relatively high share of foreign-currency debt is “mitigated by a credible” currency peg to…
Finance minister: Saudi Arabia facing current global crisis from position of strength
Saudi Finance Minister Mohammed Al-Jadaan said the Kingdom was facing the current global crisis from a position of strength, the…
$7bln Saudi bond sale oversubscribed – MoF
Saudi Arabia’s Ministry of Finance announced that the kingdom’s bond sale to raise $7 billion has been heavily oversubscribed. …
BNP Paribas activates emergency support plan in Bahrain in response to global health crisis
100,000 EUR will be donated to Bahrain’s national campaign against the coronavirus pandemic BNP Paribas and its subsidiaries around the…
UAE banking sector resilient because of government support
Resilience - this was the key word and highlight of the UAE banking sector outlook report that was released at…
BLOM Bank Egypt increases capital to $190mln
Egypt’s general assembly has agreed to increase the bank’s issued and paid capital by EGP 1bn, meaning its capital now…
Kuwait Syrian Holding posts 40% lower loss in 2019
Kuwait Syrian Holding Company’s net losses totalled KWD 345,017 ($1.11 million) in the fiscal year (FY) 2019 when compared to…