07/17/2020
MENA M&A transactions totaled $50 billion in the first half of 2020
Saudi Arabia generated the most fees in the region during the first six months of the year
Investment Bank
07/09/2020
Dubai business conditions show signs of improving as city emerges from lockdown
Non-oil private sector activity in the Middle East’s business hub improved for the first time.
07/03/2020
Citi targets more growth in Saudi Arabia after adding over 20 bankers in two years
David Livingstone told a conference on Thursday that while there was no set time-table for the lender to obtain a full banking licence in Saudi Arabia, the outlook for financial sector activity is positive.
06/16/2020
Sharjah's Invest Bank to tap reserves to offset Dh.2.2b accumulated losses
It will take a combined Dh901.36m form special and legal reserves to do so
06/09/2020
Bank of America takes stake in Dubai's Emirates NBD
The North Carolina-based bank is believed to have bought 100 million shares - about 1.51% - of Emirates NBD
06/03/2020
SHUAA steps up support to address frozen credit markets with its strengthened corporate restructuring and financial services
SHUAA brings track-record of structuring and investing over US$ 4 billion of debt deals
06/01/2020
Natixis opens investment banking office in Saudi Arabia
Western financial institutions have been seeking opportunities in Saudi Arabia
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.
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.