12/03/2019
Arqaam Shuts South African Office as Brokers Cut Coverage
Macquarie is busy closing down its cash-equities business
Investment Bank
11/22/2019
Emirates NBD rights issue draws $4.9bn
The net proceeds raised from the rights issue will be used to strengthen Emirates NBD’s capital base and to support future growth of the business.
11/21/2019
Credit Suisse Waves Goodbye to Saudi Deal
As global investors show little enthusiasm for the big price tag, there is also no need for quite as many global coordinators.
11/20/2019
Bank Hapoalim Announces Third Quarter 2019 Financial Results
Total income from regular financing activity, totaled NIS 2,387 million in the third quarter of 2019
11/14/2019
GFH reports 21% drop in Q3 net profit as impairment charges climb
A rise in the cost of financing has also affected its quarterly profitability
11/12/2019
Citi Bahrain Celebrates 50th Anniversary In Kingdom
Citi Bahrain obtained its banking license in 1969 and has since been an integral part of the region’s banking community, with Citi Bahrain serving several important markets in the MENA region.
11/05/2019
UAE- TBI Receives safest Bank in Iraq 2019' by Global Finance
A pillar for the national economy, TBI has continuously maximized the Government of Iraq's equity share through expanding its business locally and internationally.
11/05/2019
Dubai FDI, Standard Chartered Bank collaborate to attract more investments into Dubai
The agreement was signed by Fahad Al Gergawi, CEO of Dubai FDI, and Rola Abu Manneh, CEO of Standard Chartered UAE branch, at Dubai FDI office.
10/29/2019
StanChart Banker and Looking for a Job? Try Dubai's Biggest Bank
Standard Chartered is one of about 50 local and foreign banks that operate in the U.A.E.
10/24/2019
SoftBank CEO, planning new tech fund, to attend Saudi forum - sources
The visit could provide him an opportunity to meet officials of the Saudi sovereign fund PIF and Abu Dhabi state fund Mubadala, two of the biggest investors in the $100bln SoftBank Vision Fund
10/22/2019
HSBC named Best Cash Manager for Corporates in Qatar and Middle East
Regionally, HSBC was named the Best Cash Manager for Corporates in the Middle East for the seventh consecutive year.
10/17/2019
Garanti BBVA leads Responsible Banking efforts in Turkey
Garanti BBVA and the other top Turkish banks participating in the initiative met with media to stress the importance of this issue.
10/16/2019
Arabtec confirms talks to appoint UBS to advise on merger
Arabtec said in September it is considering possible merger with Trojan Holding
10/03/2019
JPMorgan sees Middle East deal flow making up for lower fees
JPMorgan's Middle East business has grown 25% in the last five years
10/03/2019
Boutique banks compete for $15bn Binladin debt revamp
Saudi Arabia's biggest construction firm is restructuring debt after the kingdom delayed payments to contractors following the drop in oil prices.
10/02/2019
SABB the first bank in the Middle East, North Africa & Turkey to go live with SWIFT gpi for corporates
As part of the early adopters for g4c program, SABB and one of the leading global corporates are now the first in the region to go live on the service
10/02/2019
HSBC Group becomes major shareholder of its Saudi subsidiary
HSBC Saudi Arabia is now an indirect 51% owned subsidiary of HSBC Holdings plc, a statement by HSBC said
09/24/2019
Stable, growing and successful economies should be inclusive, says Omar Alghanim
Gulf Bank participates in CBK’s International Banking Conference, themed ‘Shaping the Future’
09/24/2019
Citibank economist allays fears over global recession
Trade tension could impact financial markets in Gulf region, says expert
09/11/2019
Citi expects ‘record year’ on back of Saudi Arabia and UAE operations
Investment banking fees have helped drive regional revenue growth to high single -digits