05/16/2019
SHUAA Capital progressing with potential combination with ADFG; releases Q1 2019 earnings
Combination with major shareholder ADFG progressing through final stages, followed by regulatory and shareholder approvals
Investment Bank
05/16/2019
Shuaa swings to Q1 loss on Abraaj exposure
Company says talks for a potential merger with ADFG are in progress
05/15/2019
GFH Q1 net profit dips 41.4pc to $21.36m
The Group reported consolidated net profit of $20.7 million, compared with $36.89millionin the first quarter of 2018.
05/14/2019
Goldman Sachs bought Commerzbank's claim in Saudi's biggest debt saga - sources
The sources said Goldman bought TIBC’s debt after rulings in various jurisdictions
05/10/2019
Goldman, Bain, EBRD meet Turkish banks about problem loans -sources
A currency crisis saw the lira fall nearly 30 percent against the dollar last year.
05/07/2019
UAE’s Arqaam in merger talks with The National Investor
The investment banks are in merger talks that would create an entity with an equity value of about $250 million.
04/29/2019
QFB eyes US, Europe and other new markets
“The new strategy which was approved about a few months ago, is all about strengthening the Bank’s performance and profitability for its shareholders, which is going to turnaround the Bank’s performance
04/24/2019
GIB converts Saudi branches into local bank with $2bn capital
The establishment of local arm is part of GIB’s strategy to strengthen its presence in the Saudi market.
04/17/2019
Citi Expands ETF Servicing Capabilities in EMEA
The launch of Citi’s ACES platform highlights our commitment to continuously strengthen our offering and support our clients’ ETF needs holistically across products and geographies.
04/16/2019
Citi inaugurates new offices at Abu Dhabi Global Market
Citi’s ADGM branch, located in ADGM Square Al Sila Tower, will provide cutting-edge liquidity management services to clients
04/14/2019
Emirates NBD eyes international markets for growth
Bank says it believes consolidation in over-crowded UAE banking is likely
04/08/2019
Deutsche Bank Middle East CEO admits market sentiment is poor for Gulf economies
Investors have held concerns about the region in recent years.
04/08/2019
HSBC sees growth in green finance with low carbon push in Menat region
Sustainable finance accounted for about 1% of the total global bond market of $19.4 trillion last year
04/08/2019
GFH shares on DFM see sudden volume spurt
Traded volume stood at 130 million in the past two sessions until Sunday
04/07/2019
Saudi Banks to see double-digit asset growth by early 2020: Samba CEO
Nashar, who in 2017 became the first female CEO of a listed Saudi commercial bank, expects loan growth to pick up in the third quarter.
04/07/2019
Ex-Morgan Stanley Banker Is Leading the Charge Toward Boutiques
May Nasrallah is taking on financial goliaths in the Middle East.
04/03/2019
Goldman Sach CEO turns up in Saudi Arabia as uproar fades over Khashoggi killing
Dealings with Qatar have become more complicated amid its diplomatic clashes with Saudi Arabia.
04/03/2019
Karnataka Bank in spotlight after tie-up with Bharti AXA
The announcement was made after market hours yesterday, 2 April 2019.
04/02/2019
Alinma Bank wins ‘Best Digital Service’ award
The award was presented in recognition of Alinma’s efforts to digitize its customer experience in ways that bring convenience to its customers’ financial lives.
03/27/2019
Qatar resists bank merger
The discontent among key shareholders adds to widening opposition to the deal, which Germany sees as a way to ensure financing to the country’s export-oriented economy during a downturn.