05/17/2020
Boost of US$ 100 million from EBRD to Turkey’s Yapi Kredi
The EBRD stands ready to provide support worth €21 billion over the 2020-21 period.
Investment Bank
05/14/2020
Egypt- NBE, EG Bank, AIB arrange syndicated EGP 650m loan to Misr Italia properties
The loan arrangement also looks to raise infrastructural efficiency to meet the requirements of companies looking to seize investment opportunities in Egypt.
05/14/2020
EBRD €100 million financing to Turkey’s QNB Finansbank for trade finance and SMEs
The other half will be on-lent to local companies suffering from the negative economic consequences of the Covid-19 outbreak.
05/13/2020
JPMorgan sees more Gulf companies linking up but no liquidity crunch
The region had entered 2020 with strong finances and, after an initial phase of assessing liquidity needs, companies and governments are now looking more strategically at potential opportunities
05/12/2020
Abu Dhabi's Mubadala hires banks for bond issues - sources
The extra cash could give Mubadala more firepower to buy stakes in companies later this year when many are expected to seek liquidity due to the economic crisis.
05/12/2020
Emirates Investment records losses in Q1-20
The bank's operating income decreased by 48%
04/28/2020
HSBC to block donations to Palestinian aid charity Interpal
British bank will no longer process standing orders, in Ramadan blow for one of UK's leading pro-Palestinian aid organisations
04/26/2020
Saudi Binladin group hires Houlihan Lokey for $15bn debt revamp
The restructuring is aimed at reorganising Binladin’s assets into sector-led businesses and streamlining operations
04/17/2020
Mena's first quarter Investment banking fees climb 11% boosted by M&A deals
Investment banks have earned a total of $188.8m in fees during the first three months of 2020, Refinitiv says
04/16/2020
GCC investment banks facing earnings risk
The impact on wholesale and investment banks’ earnings are even more at risk in GCC countries.
04/13/2020
EFG Hermes grows revenue by 20%
Growth at the NBFIs platform was primarily driven by the Group’s microfinance solutions provider, Tanmeyah, which saw its top line reach the £1.0 billion mark in FY19, up 66% Y-o-Y.
03/25/2020
OIII3Bank debuts in Dubai, begins operation in April
As OIII3 Bank offers innovative financial products, it is conscious of the green environment and planet safety.
03/24/2020
Barclays cuts 2020 crude forecasts by $12 on virus, OPEC+ deal collapse
Barclays also forecast global available onshore storage capacity at about 1.5 billion barrels with an estimated oversupply of over 5 million barrels per day (bpd) for this year and an oversupply of 10 million bpd on average for second quarter.
03/11/2020
Fiorano Drives Digitalization at Crédit Agricole with Flexcube Core Banking System Integration
The bank’s strategy was to have a new integration platform that would ensure data migration of existing parameters and business logic seamlessly.
03/06/2020
Saudi British Bank reports profit of SR2.812 billion for 2019
The loans and advances for the year ended Dec. 31, 2019 were estimated at SR154.7 billion, an increase of SR44.4 billion, or 40.3 percent, from SR110.3 billion for the year ended Dec. 31, 2018.
02/19/2020
Bahrain's GFH buys 70% stake in Dubai Fintech major Marshal
Dubai-headquartered Marshal, established in 1981, is the largest and oldest enabler of payment technology in the Middle East
02/18/2020
StanChart betting big on Shariah-based banking
Bangladesh is a key focus for its large Muslim population
02/13/2020
Bahrain's GFH reports Q4 profit drop as impairment charges climb
The bank’s full-year 2019 profit also declined 29.8 per cent to $80.1m
02/06/2020
HSBC launches Jade, a special bank account for millionaires
UAE’s millionaires among the youngest around the world
02/05/2020
Egypt to sell stake of Bank of Cairo
Country has plans to offer stakes of several state-owned companies in the stock exchange.