Investors should expect 'modest returns' in 2020, says Emirates NBD
Investors have been warned to expect “modest returns” this year after what has been described by Maurice Gravier, chief investment…
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Is BLOM bank leaving Egypt?
Prominent sources expect BLOM Bank to leave the Egyptian market in the coming period, in the context of the crisis…
Dubai Investments' full-year profit edges up on higher operating income
Dubai Investments, a diversified company in which sovereign wealth fund Investment Corporation of Dubai holds a stake, reported a 1…
Dubai Islamic Bank to axe 500 jobs following Noor acquisition
Dubai Islamic Bank is planning to cut more than 500 jobs at newly acquired Noor Bank as part of cost…
Qatar Commercial Bank completes trial on the Marco Polo Platform
Qatar’s Commercial Bank has participated in the Blockchain Open Account Trade Finance Trial on the Marco Polo platform, built on…
Citigroup Suspends Trader for Stealing Cafeteria Food
Citigroup Inc. suspended a junk-bond trader in London for repeatedly failing to pay for food taken from the bank’s cafeteria.…
Capital markets in UAE set for listings boost
The UAE has inked a draft law encouraging family-owned businesses to list, while an emerging pensions industry in Dubai is…
DAE signs deal for $300m financing facility with ENBD
Dubai Aerospace Enterprise announced on Monday it has signed a $300-million (Dh1.1 billion), five-year unsecured financing facility with Emirates Islamic…
Lebanon Banks Tighten Withdrawal Caps, Sparking Outcry
Major banks in Lebanon began tightening banking controls this month, halving the amount of dollars depositors are allowed to withdraw…
China virus may further subdue Gulf bond sales in 2020
The uncertainty surrounding the new coronavirus outbreak has added to fund managers' expectations that 2020 will see fewer hard currency…
UAE banks to maintain 'stable' credit profiles in 2020, S&P says
Banks in the UAE are expected to remain resilient despite tougher operating conditions this year, as Abu Dhabi’s fiscal stimulus…
Mashreq reports slight improvement in full-year 2019 net income
Mashreq Bank, the Dubai lender controlled by the Al Ghurair family, reported a slight improvement in its full-year 2019 net…