Citigroup, HSBC Said Among Banks Hired for Debut Kuwait Bond
Kuwait picked six banks to advise on its first international debt sale as the OPEC member joins other Gulf Arab…
Investment Banking
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UAE bank deposits up by Dh42b
Total bank deposits in the UAE increased by Dh41.7 billion in December 2016 due to a Dh25.9 billion increase in…
SABB named Best Trade Finance Bank
The Saudi British Bank has been named by Euromoney as the “Best Trade Finance Bank” in Saudi Arabia for 2017.…
Saudi's Arab National Bank gets regulatory nod for derivatives trading unit
Saudi Arabia's Arab National Bank said on Sunday it had received central bank approval to set up a fully owned…
NBAD sees Dubai, Abu Dhabi residential market bottoming
The residential real estate market of Dubai and Abu Dhabi may have bottomed out due to limited changes in capital…
State-backed British bank rebuffs government push to boost Iran trade: sources
The Royal Bank of Scotland has rebuffed efforts by the British government, a major shareholder, to coax the lender into…
NBE: assets surge to 1.1 trillion Egyptian pounds after currency float move
Egypt’s biggest lender, the state-owned National Bank of Egypt says assets have surged to around 1.1 trillion Egyptian pounds ($58.5…
Bahrain's Gulf Int'l Bank launches $500 mln bond at MS +170 bps -leads
Bahrain's Gulf International Bank launched on Wednesday a $500 million Reg S bond with a final spread of 170 basis…
Saudi's Alawwal Bank gets regulatory approval for derivatives trading unit
Saudi Arabia's Alawwal Bank said on Thursday it had received regulatory approval to set up a fully owned subsidiary that…
Middle Eastern Debt issuance reached $77.8 billion in 2016
Middle Eastern investment banking fees reached $820.8 million during 2016, an 18 per cent increase compared to fees recorded during…
Saxo's Camara: Blue Skies Ahead for Saudi Arabia
Mario Camara, head of Saxo Bank Dubai, reacts to the International Monetary Fund cutting its growth outlook for Saudi Arabia. …
Bank AlJazira profits drop by almost a third
Profits for Q4 2016 were down 4.4 per cent on a year ago to SAR 152 million. Earnings per share…