SMP Partners buys Royal Bank of Canada offices in Caribbean
The SMP Partners Group is looking forward to continued growth following completion of its acquisition of Royal Bank of Canada's…
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Banks financed foreign trade operations valued at $35bn since flotation
The total volume of foreign trade operations financed by banks operating in the domestic market during the period from 3…
Qatar Development Bank signs cooperation MoU with Dubai Exports
As the spate of global hacking continues unabated at government websites, hospitals and big companies — with the most recent…
HSBC appoints Head of International, Middle East
Abdul Fattah Sharaf, Group General Manager and Chief Executive Officer, UAE, has been appointed as “Head of International, HSBC Bank…
UAE banking sector crisis: 3,000 jobs cut
The banking sector in the country has been in a state of upheaval over the past 12 months after 3,000…
Large portion goes in paying public employees’ salaries
According to a statistic prepared by the Central Bank of Kuwait, the country’s public spending is the highest in the…
Why Aramco Investors Should Scrutinize Saudi Rights Record
Global investors are no doubt closely following what is billed as the world’s largest initial public offering with Saudi Aramco’s…
Al Baraka Banking Group issues $400million Islamic Sukuk
Al Baraka Banking Group B.S.C, the Bahrain-based leading Islamic banking group, announced the successful completion of its first Islamic Sukuk…
Bahrain’s GFH receives $2.5m as legal settlement from Prescott Energy
Bahrain-based investment bank Gulf Finance House has received $2.5m in cash as the legal settlement in a case filed against…
Clifford Chance advises NBK on GMTN programme
Clifford Chance has advised National Bank of Kuwait on the establishment of its $3 billion Global Medium Term Note programme…
A must-do list for Mideast’s fintech businesses
While still in its early days, financial technology is already having a profound impact. Nearly half of all adults globally…
Iranian Bank Account Closures in 3 Countries Dampen Trade Prospects
Iranian bank accounts in a handful of regional countries are being closed en masse due to reasons ranging from strained…