MENA M&A deal value plunges 57.6% in 2017
2017 M&A deal value in the MENA region declined by 57.6% despite deal count maintaining a level that was consistent…
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Qatari investments ‘bring economic development to US cities’, says US-Arab chamber official
Multi-billion dollar Qatari investments in the US are playing a significant role in the economic development of cities in America,…
Jordan's Safwa Islamic Bank appoints new CEO
Samer Tamimi has been appointed as chief executive of Safwa Islamic Bank, Jordan's third-largest Islamic bank. Tamimi, who has…
Societe Generale creates four new positions in Dubai
Societe Generale said it has created four new positions in Dubai to cover sovereign clients, family offices, and global markets…
Bakery opens in Dubai to fund emerging markets, backed by Abraaj
Senior executives at Bakery, which is set to commence operations in the coming months, described in detail the remit of…
Dubai’s Damac said to hire Barclays, HSBC for possible sukuk
Damac Properties Dubai Co. hired banks including Barclays Plc and HSBC Bank Plc for a possible sale of U.S. dollar-denominated…
Investment securities balance rises in UAE banks to $18.9bln
Emirati banks are continuing to focus their investment activities on securities, which raised the total balance of their investment in…
Commercial Bank mobile app features voice recognition
Commercial Bank has redesigned its mobile banking app with significant improvement to the user interface, making banking easier and convenient…
Doha Bank hosts Employee Recognition Awards
Doha Bank has hosted its first monthly ‘Employee Recognition Awards’ ceremony for 2018 at its West Bay headquarters, it was…
Saudi regulator approves exchange listing of domestic government bonds
Saudi Arabia's securities regulator said on Sunday it had approved the listing of local currency government bonds on the Saudi…
Blockchain in Israel: A diamond in the rough?
While future of Bitcoin unclear, there is large potential to the blockchain technology it's built on Bitcoin, the digital…
Gulf General Investment Company in talks with lenders to restructure debt
Gulf General Investment Company is in talks with lenders to restructure loan and credit facilities after defaulting on a payment…