Banque Saudi Fransi selects Backbase’s Engagement Banking Platform
Banque Saudi Fransi has announced a new partnership with Backbase, the leading engagement banking platform provider, to transform BSF’s digital…
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Study finds that less than 1/3 of IPOs in the GCC succeed
With 38 GCC market debuts, 2021 was the best year for new listings since 2007. Yet, the high volume of…
Christie’s announces new management team for Christie’s Middle East
Christie’s has announced two key appointments to its senior management team in the Middle East: Dr. Ridha Moumni has been…
Global investment banking fees fall 31% to two-year low
Investment banking fees reached $28.1 billion during the first quarter of 2022, posting a 31% decrease compared to the first…
Bahrain-listed firms’ net profits triple to $2.8bln
Bahrain-listed companies saw their net profits triple to $2.8 billion in FY-2021 when compared with $870.2 million in FY-2020 on…
Swiss private bank sets up office in Dubai
ONE swiss bank SA (ONE) is pleased to announce that the acquisition of Falcon Private Wealth Ltd (FPW) has been…
Standard Chartered announces changes to refocus and simplify its presence in Africa & Middle East region
As set out during its full year 2021 results presentation, Standard Chartered PLC (“the Group”) is accelerating its strategy to…
Financial stability risks for Saudi Arabia's banking sector to remain contained despite rapid growth
S&P Global Ratings said that it expects risks to the stability of Saudi Arabia's banking system to remain contained, despite…
Saudi Arabia converts $300mln deposit with Mauritania's central bank to soft loan
Saudi Arabia has transferred its $300 million deposit with the Central Bank of Mauritania into a soft loan, in implementation…
Ahlibank honoured with ‘Leadership in Youth Development’ Award
Ahlibank’s ongoing efforts to empower local youth with Career opportunities that include orientation and on-job-training programs as well as soft…
Bank deposits increase to EGP 6.549trn in January 2022: Egypt
The Central Bank of Egypt has announced an increase of about EGP 99bn in the bank deposits in January 2022,…
SABB wins Saudi Arabia’s Best Bank 2022 Award
The Saudi British Bank has won the “Saudi Arabia’s Best Bank 2022” award by Global Finance magazine for the third…