GE, Trade Bank of Iraq, StanChart sign MoU
GE, Trade Bank of Iraq and Standard Chartered Bank have signed a financing memorandum of understanding to accelerate the development…
Investment Banking
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UAE's RAKBANK arranges $15 million long term financing solution to Seylan Bank in Sri Lanka
RAKBANK has announced the arrangement of a five-year US$15 million long term loan facility to Seylan Bank, a financial institution…
Interest remerging in MENA banks, especially Egypt, UAE, Saudi Arabia: HSBC Global Research report
A report released by HSBC Global Research on Tuesday titled “Middle East/Africa Banks US marketing feedback: what the buy-side thinks”…
Bank of Jordan Opts for Wolters Kluwer’s Risk Software
Bank of Jordan has chosen Wolters Kluwer’s OneSumX to provide its risk software after a competitive tender process. The…
Saudi's Alawwal Bank comfortable with capital position
Saudi's Alawwal Bank, formerly known as Saudi Hollandi Bank until a rebranding this week, has no plans to increase capital…
Al Ramz Corporation launches investment management division
The asset management division will be headed by the newly appointed Chief Investment Officer Mr. Shehzad Janab who brings with…
Barclays executive fired over SFO-Qatar interview, lawyer says
A former Barclays executive was unfairly dismissed after the bank received a copy of his interview with UK prosecutors over…
Banking sector stays healthy on capital and low delinquency, says Sheikh Abdulla
The Qatar Central Bank has said banking sector remains 'healthy on adequate regulatory capital and low loan delinquency. The…
Emirates NBD Asset Management announces strong returns on global strategies following successful partnerships
Emirates NBD Asset Management today celebrates three years of successful partnership with Jupiter Asset Management. The partnership sees Jupiter…
Saudi Investment Bank closes 500m riyals sukuk
Saudi Investment Bank closed a 500 million riyals, $133.3 million Tier 1 sukuk sale, the bank said on Tuesday. …
Saudi's Fawaz Alhokair closes in on loan for $1.1 bln Arab Bank stake buy -sources
Saudi Arabia's Fawaz Alhokair family aims to secure funding by next week to buy Saudi Oger's 20.93 percent stake in…
Citi expects strong growth in Middle East investment banking business in 2017
Capital markets activity, particularly debt issuance and mergers and acquisitions are expected to pick up pace in the Gulf Cooperation…