Emirates NBD in talks to roll over $1.7bn loan
Emirates NBD (ENBD), Dubai’s largest lender, is discussing with several international banks a roll-over of a $1.7bn syndicated loan it…
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Moelis & Co to apply for Saudi advisory licence -sources
Moelis & Co is preparing to apply for an advisory licence in Saudi Arabia to enable it to secure more…
Pinsent Masons Middle East chief heads to Global law firm
Global law firm Reed Smith has announced that it will be joined in Dubai and Abu Dhabi by three market-leading…
HSBC appoints global banking head for Middle East, North Afica, Turkey
HSBC has appointed Gareth Thomas as regional head of global banking for the Middle East, North Africa and Turkey, it…
Kuwait's Agility bid for part of Abraaj's investment business
Kuwait's Agility, one of the largest Gulf logistics companies, submitted a bid to acquire part of the investment management business…
RAKBank reports flat second quarter net profit as impairments climb
The National Bank of Ras Al Khaimah on Wednesday reported a slight drop in its second-quarter net profit as non-interest…
Saudi British Bank posts half-year net profit of $640m
Saudi British Bank (SABB), an affiliate of global giant HSBC Holdings, has recorded a net profit of SR2.4 billion ($640…
Eagle Hills Diyar Partners With Khaleeji Commercial Bank to Provide Financing Solutions for Marassi Al Bahrain Customers
Eagle Hills Diyar, master-planners of the iconic urban development Marassi Al Bahrain, announced its partnership with Khaleeji Commercial Bank (KHCB),…
Iran replaces central bank chief as economy faces crisis
Iran replaced its central bank chief on Wednesday, local media reported, amid fallout over banking scandals and the crisis facing…
One fifth of the UAE's wealth held by 12 people, consulting group claims
Almost one fifth of the UAE’s wealth is held by just 12 people, according to a new report by Boston…
Dechert Grows Dubai Real Estate Team With 2 New Hires
Dechert LLP has strengthened its Middle East offering with the hires of real estate partner Stephen Kelly and national partner…
What makes the UAE a M&A haven in the ME?
The UAE alone made up 65% of inbound and outbound M&A deals in the Middle East (ME) during the first…