10/08/2020
Standard Chartered Bank fires its employees in the Emirates
The job cuts will be in the bank’s retail and global banking division, Bloomberg cited two sources familiar with the matter.
Investment Bank
10/08/2020
BNY Mellon Expands in Saudi Arabia, Partners With NCB Capital
Through this partnership, the bank is seeking institutional investors in Saudi Arabia for its “global custody and associated asset-servicing activities.
10/02/2020
The Banker's Investment Banking Awards, 2020
Banks that have shown tenacity and determination to keep going and drive through deals within the most challenging of circumstances have come out on top in The Banker’s Investment Banking Awards for 2020.
10/02/2020
Top banks set climate targets for loans and investments
The consortium is now zeroing in on how financial firms should change their lending and investing activities.
10/01/2020
GFH holds Ordinary General meeting of shareholders
The assembly has also elected A new ten person Board for the next three- year period
09/30/2020
HSBC named ‘Best International Bank in the Middle East’
HSBC has a long and proud history in the Middle East and it is a region prioritised for growth by HSBC Group.”
09/29/2020
Credit Agricole to Build Its Own Saudi Bank After Stake Sale
The stock of Riyadh-based Saudi Fransi rose as much as 1.9% to 32.80 riyals, adding to gains of 0.6% on Sunday, when details of the transaction were first reported.
09/28/2020
Italian group Intesa Sanpaolo increases stake in Bank of Alexandria to 80%
The Bank of Alexandria had previously announced that for the first half of 2020, its assets exceeded 103.8 billion Egyptian pounds ($6.58 billion) and achieved a net profit of EGP 1.36 billion pounds,.
09/24/2020
Emirates NBD Capital named Sukuk Lead Manager of the Year 2020 by GIFA
Emirates NBD Capital currently holds a leading league table position in international Sukuk and MENA bonds with over 150 transactions successfully completed since 2015 across GCC, Turkey, India, China and Indonesia.
09/18/2020
Egypt-Based EFG-Hermes Sells Controlling Stake In British Solar Project For $647M
Keen to develop another renewable energy portfolio, EFG-Hermes is now looking beyond Asia for investments.
09/15/2020
Japan's Nomura cuts investment banking jobs in Dubai
Tokyo-based brokerage shrinks its Middle East footprint and moves coverage of the region to staff in other offices
09/08/2020
National Bank of Oman Brings in Global Expert for Online Event on European Equity Markets
National Bank of Oman (NBO) recently held a virtual event in collaboration with Franco-German financial group, Oddo BHF
09/03/2020
Saxo Bank MENA region client base grows by more than 150% contributing to a sizeable increase in Group net profits
More than 80,000 new active clients joined the group across all global markets in the first half of 2020
08/27/2020
Strong capital base gives SABB buffer against pandemic shock
SABB is focused on three core priorities: Supporting its customers, integrating the two banks and positioning the bank for future growth.
08/27/2020
Mashreq Bank outlines investment trends to navigate the global economy in uncertain times
Low interest rates will result in investors hunting for higher yields
08/25/2020
GFH takes majority stake in GB Corp
As of December 2019, GB Corp reported total assets of $125 million and assets under management of approximately $500 million.
08/24/2020
GFH increases GB Corp shareholding to majority stake of 50.4%
Transaction reflects continued ability to capture strategic opportunities for growth and revenue generation
08/19/2020
Egyptian bank Beltone diversifies in hunt for profitability
Beltone, controlled by Egyptian billionaire Naguib Sawiris, had already obtained licences for the new companies this month, hired staff, set up offices and even agreed on some deals.
08/13/2020
Shuaa Capital returns back into black
Shuaa's investment banking business continued to increase its focus on capital raising and restructuring mandates
08/06/2020
Afreximbank wins 2 EMEA Best Structured Finance awards
Afreximbank’s $100 million global guarantee facility in favour of Orascom Construction was also awarded best structured trade finance deal in Africa.