QIA announces investment in Lesha Bank fund
The Qatar Investment Authority (QIA) announced on Thursday its investment in Lesha Bank fund, "Lesha Qatar Opportunities Fund". In…
Investment Banking
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Saudi banks' profits rise 8.2% in Q2 2026 to SAR 24.9 billion
A survey conducted by Maaal of the results of the ten Saudi banks listed on the Saudi Stock Exchange (Tadawul)…
Lesha Bank records net profit of QAR 123.7mln for H1 2026, reflecting 50.1% year-on-year growth
Lesha Bank Group has announced its financial results for the six-month period ended 30 June 2026, reporting a net profit…
Deutsche Bank signs agreement with Dubai DET to boost international investor engagement
Deutsche Bank and the Dubai Department of Economy and Tourism (DET) have signed an agreement to support international investor engagement…
Oman opens Angola-based investment bank to deepen Africa trade links
Oman has established a new investment bank in Angola to expand its footprint in Africa’s fast-growing markets. The African Bank…
HSBC says it’s committed to commercial, investment banking in Egypt amid reports it’s inching closer to exiting retail franchise
HSBC Egypt remains committed to Egypt for the long term even as it deliberates the fate of its retail business…
Citi signs deal to sell 24% equity stake in Banamex
Citigroup said on Monday it had entered into agreements to ​sell a 24% stake in Banamex to a group of…
UmniaBank reports strong performance for 2025 with net profit of MAD57m
Chairman of the Supervisory Board of Umnia Bank in Morocco, Sheikh Dr. Khalid bin Thani bin Abdullah Al-Thani, announced the…
Intesa Sanpaolo Strengthens Its Focus on the Middle East: Imi Cib Solidifies Its Role as a Strategic Partner in the Gulf Region
The only Italian bank with a direct presence in the region; since 2023, it has taken part in financing and…
Goldman Sachs opens Middle East headquarters in Saudi Arabia
Goldman Sachs has set up its regional headquarters in Saudi Arabia with a new office in Riyadh’s King Abdullah Financial…
EFG Hermes reaches successful completion of advisory for Cherry Trading Company’s IPO on the Saudi Exchange
EFG Hermes, an EFG Holding Company and the region’s leading investment bank in the MENA region, announced that its investment…
JPMorgan expands in Dubai to target medium-sized firms
JPMorgan has expanded in Dubai as part of a broader strategy to increase business with midcap companies in the Middle…