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…
Investment Banking
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Award-winning Diebold Nixdorf Technology Enables First-of-its-kind Biometric-enabled Service For Al Rajhi Bank Consumers
Al Rajhi Bank, a leading international banking group, recently partnered with Diebold Nixdorf to collaboratively develop an award-winning biometric-enabled self-service…
Standard Chartered closes three shipping deals in excess of $1.6 billion
In November last year, the Bank leveraged its strong expertise in shipping finance and Islamic financing to structure the $350…
Standard Chartered appoints Souad Benkredda as Head of Financial Markets, UAE
We are extremely pleased to have Souad join our AME Financial Markets management team. Her breadth of experience, familiarity…
Bank of Baroda sees improved profitability and asset quality in 2017
Bank of Baroda, the only Indian bank that has full-fledged onshore banking operations in the UAE expects to see strong…
Bank Muscat’s net profit edges up to OMR177m
Bank Muscat, the leading financial institution in the Sultanate, posted a net profit of OMR176.56 million for 2016 compared to…
Aabar set to invest in UniCredit's share sale
Abu Dhabi investor Aabar Investments is set to buy more shares in UniCredit in the Italian bank's upcoming 13 billion-euro…
Man behind Saudi's $17.5bn bond sale said to be rejoining HSBC unit
The head of Saudi Arabia’s debt management office, who oversaw the country’s $17.5 billion sovereign bond sale in October, is…
JPMorgan Sees Fewer Jumbo Bond Deals Weighing on 2017 Gulf Sales
JPMorgan Chase & Co., the biggest arranger of bond issues in the six-nation Gulf Cooperation Council, expects regional sales in…
NBAD management team changes
Ahead of the completion of the bank’s proposed merger with FGB, four of National Bank of Abu Dhabi’s top management…
EFG Hermes to buy UK solar power portfolio for $581m
EFG Hermes, a leading investment bank in the Middle East and North Africa (Mena) region, said its renewable energy platform…
UAE Exchange mulls setting up a universal bank
After having failed to get a small finance bank licence, leading financial services firm, UAE Exchange India, is now mulling…