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.
Investment Bank
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
08/26/2019
Qatar non-oil activity buoyed by government investment: NBK
Over the medium term, as infrastructure projects related to the FIFA World Cup 2022
08/14/2019
Shuaa reports Dh31.6m loss in second quarter
Investment bank's profit dented by higher merger costs and impairments on legacy investments
08/04/2019
Doha Bank wins 2 awards at ‘Asian Banking and Finance Awards 2019’
Doha Bank Singapore chief representative officer Ivan Lew received the two awards during a ceremony held recently by the Asian Banking and Finance (ABF) Awards at the Shangri-La Hotel, Singapore.
08/04/2019
SICO reports BD 2.9 million net profit in the first half of 2019.
Net operating income grew 26% to BD 7.6 million in the first half of 2019 compared to the BD 6.0 million achieved in the corresponding period last year
07/24/2019
EIB to halt Turkey government-linked lending till year-end
The EIB, which is Turkey’s biggest single lender, has spent between 0.4 billion euros ($446 million) and 2.2 billion euros ($2.45 billion) a year in the country over the last three years, while nothing has been invested so far in 2019.
07/22/2019
EFG Hermes plans to list four firms in Egypt in 2019
Investment bank reported a strong set of results in the first quarter of the year
07/18/2019
Goldman Sachs says Lebanon’s Eurobonds undervalued
This positive assessment could reflect positively on the performance of Lebanon’s Eurobonds in the international markets.
07/16/2019
Pharos Investment Banking acts as the exclusive sell-side advisor to the shareholders of Spinneys Egypt
Pharos acted as the exclusive sell-side advisor to the selling shareholders of Spinneys Egypt
07/16/2019
HSBC grabs bigger piece of investment banking fees in Mena
The region’s equity capital markets fees decreased a significant 64.8 percent to $24m, a 10-year low.
07/14/2019
Global concludes majority exit from JTC
JTC, which celebrates its 40th year of operations in 2019, has significantly expanded its capabilities in all its business segments in recent years.
07/14/2019
Shuaa shareholders approve ADFG tie-up
Shareholders gave green light on Thursday for deal which creates enlarged group with 380 employees
07/11/2019
Invest Bank sees Dh106m loss in first quarter
Bank says Sharjah government will underwrite Dh785m rights issue later in 2019
07/11/2019
HSBC launches issuer services in the UAE and Egypt
In a statement, HSBC said that the addition of UAE and Egypt to the HSBC network brings the number of countries the business operates to 15.
07/10/2019
Deutsche Bank says 'too early' to know about MidEast job cuts
A UAE-based spokesperson told Arabian Business “it is too early” to comment on how the job cuts would impact the Middle East operations and that the bank would not be disclosing a regional breakdown of job losses