06/15/2018
Turnaround complete, Bank Leumi seeks U.S. expansion
The new leader had a straightforward directive from day one
Investment Bank
06/11/2018
Bank of America Merrill Lynch wins multiple awards
Bank of America Merrill Lynch has built a leading banking franchise in the Middle East and has become the advisor of choice for MENA institutions on the back of recent completed transactions
06/08/2018
Natixis to close commodity trade finance desks in Geneva and Dubai
Natixis will refocus its Energy & Natural Resources EMEA CTF activities in Paris on mid-and-large size Commodity Trade Finance clients.
06/05/2018
Societe Generale settles Libor and Libya investigations as analysts cast doubts on potential for Unicredit tie-up
On the Libyan front SocGen last year paid €963m to the Libyan Investment Authority, which had accused it of corruption.
06/04/2018
Abraaj expands role of Houlihan Lokey as creditors circle -sources
The Middle East and Africa’s biggest private equity fund, which denies any wrongdoing, has been seeking a buyer for the unit as it tries to alleviate pressure from investors and creditors.
05/31/2018
‘Deutsche Bank looking to sell stake in Dubai-based Abraaj’
Deutsche Bank declined to comment on the planned stake sale.
05/30/2018
Deutsche Bank cuts 8 equities research positions in Dubai
A Dubai-based spokesman for the bank declined to comment.
05/28/2018
Shuaa Capital aims for Dh100 million profit in 2018
Investment bank obtains Kuwait central bank approval for Amwal takeover
05/24/2018
SABB named 'Best Supply Chain Finance Bank in Middle East'
This award adds to SABB’s strong track record and confirms its position as the leader in trade finance provider in the Kingdom.
05/23/2018
Foreign investment in Turkish banking sector continues with Denizbank's sale to UAE's NBD for $3.2 billion
The Turkish banking sector has drawn a significant amount of foreign investments and the latest example is the sale of Denizbank to the UAE-based lender NBD
05/23/2018
Alawwal and Saudi British Bank merger pricing credit positive
The agreement on pricing and the merger are credit positive for Alawwal bank because it will strengthen and diversify its business and support overall credit profile
05/18/2018
UBS: Investment Bank Staff Carousel Turns
At the same time UBS is tapping rivals for key staff as well.
05/17/2018
Emirates NBD partners with top fintech platform
Launched in 2017, CCRManager is a digital trade finance platform that connects various banks and financial institutions to originate and distribute trade assets.
05/17/2018
HSBC to Cement Lead in Saudi Arabia With $5 Billion Bank Merger
Deal is kingdom’s first bank combination for almost 20 years
05/15/2018
Bank ABC Announces First Quarter 2018 Net Profit of $53 Million
Our strategic priorities on our Wholesale Banking transformation, our digital bank rollout and our organisational health continue to progress and underpin the improving trend on our financial performance.
05/15/2018
Emirates Development Bank approves Dh50m fund for start-ups
Fund aims to support start-ups whose ownership is over 51% Emirati
05/14/2018
Global distributes $32m to its clients investing in its equity fund GMFA
With this distribution, the total amount distributed to clients investing in GMFA reached $141 million and total amount distributed by the private equity asset management team reached $612 million to funds’ investors since inception.
05/14/2018
Emirates Investment Bank reports financial results for the first quarter of 2018
Net profit down 9.5% to AED 15.00 million (Q1 2017: AED 16.57 million)
05/14/2018
ABN Amro to close Dubai office amid thin business for Dutch lender
The bank plans to transfer some of its international commodities business clients to Amsterdam
05/08/2018
Ebdaa Bank - Bahrain Attends "Middle East Investment Conference" in Cairo
He considered that SMEs’ success shouldn’t be measured through the number of loans or beneficiaries, however in loans returns and profit and in measuring the number of projects that have already been able to grow bigger without external suppor