France and Iran agree 15 billion euros worth of business deals
France and Iran have signed 15 billion euros worth of business deals as President Rouhani continues his European post-sanctions shopping…
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Arab Israel Bank CEO resigns after Leumi merger
Meanwhile, an ongoing Bank Leumi inquiry is investigating allegations of money laundering against Danny Gitter. Arab Israel Bank CEO…
CEO hopes to settle Saudi firm’s $6B of debts
A Saudi company that's owed $6 billion in debt since a 2009 crisis hopes to soon reach a tentative agreement…
JPMorgan plans to hire in Saudi Arabia as Kingdom weighs reforms
JPMorgan Chase & Co is looking to hire in Saudi Arabia as the world's biggest oil exporter weighs asset sales…
JSCL restricted from buying Dubai Bank’s stakes in BankIslami
The State Bank of Pakistan (SBP) did not show any flexibility to Jehangir Siddiqui and Company Limited (JSCL), wishing to…
Key financial mis-selling case in Dubai nears conclusion
One of the biggest financial mis-selling cases in the Gulf region between a wealthy Kuwaiti family and Switzerland’s Bank J.…
ABK ‘One Tap Touch ID’ now live – Mobile banking made simpler with latest upgrade
As part of ABK’s strategy to make banking ‘simpler’ for customers, the Bank today announced the latest upgrade to its…
Turquoise to start Iran Private Equity Fund with Swiss Private Bank
Iranian asset-management firm Turquoise Partners plans to start a $200 million private equity fund with Swiss bank Reyl & Cie’s…
Bahrain working with banks to tap existing $1.5 bln bond – sources
Bahrain is working with banks about a potential re-tap of a dollar-denominated two-part bond issued late last year, sources with…
Middle East investors lured by European hotel trophy assets
Whatever be the price of oil, Middle East investors aren’t likely to be put off buying trophy real estate assets…
United Arab Bank winds down SME unit after surge of UAE debtors
United Arab Bank, hard hit by a surge in debt defaults among small business owners in the UAE, is winding…
Middle East Eyes Indonesian Beaches
Alwi Shihab, the Presidential envoy to the Middle East and the Organization of Islamic Coopeation (OIC), said that…