Painful reforms seen stabilising Egypt’s public finance
Egypt’s decision to bring about drastic fiscal and monetary reforms is widely expected bring stability to the country’s economy and…
Investment Banking
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UBS sees Middle East M&A revival in jump up league table
UBS Group’s investment banking business is set to have its best year advising on Middle Eastern deals in at least…
Deutsche Bank sees revival in Mideast deals after 'subdued' 2016
Deutsche Bank AG expects mergers and acquisitions to pick up in the Middle East and Africa next year after a…
Up to €600,000 in Dubai account to be transferred, court told
About €600,000 held in a bank account of a Dubai company is to be transferred to the provisional liquidator of…
Ominvest to establish leading investment-banking platform
Ominvest, along with its strategic partners Oman Investment Fund and Arab Bank Ltd, has agreed to establish Ubhar Capital, which…
LGB BANK s.a.l introduces the VISA Infinite Card, revealing a world of luxury
With the launch of VISA Infinite Card by LGB BANK s.a.l, the cardholder enjoys a luxurious world filled with advantages,…
Central Bank signs MoU on electronic interconnection with local courts
The Central Bank of the UAE has signed a Memorandum of Understanding, MoU, with Dubai Courts, on electronic interconnection with…
BTG Pactual to exit $1.3 billion venture with Abu Dhabi
Grupo BTG Pactual SA plans to exit a $1.3 billion venture with the Abu Dhabi government's investment arm as the…
Egypt set to approach IMF in days as free currency trading debuts
Egypt will ask the International Monetary Fund’s executive board within a day or two to consider its $12bn loan request,…
Gulf Bank reports 11% increase in net profit
Gulf Bank has announced today a net profit of KD 32.8 million for the first nine months of 2016 compared…
Kuwait's Gulf Bank Q3 Net Profit Rose By 10 Pct
Gulf Bank, Kuwait's fourth largest lender by assets, reported a 10 percent rise in third quarter net profit on Sunday. …
NBE, Banque Misr raise limits on card usage abroad
Vice chairperson of the National Bank of Egypt Yehia Aboul Fotouh said that the bank will raise the limit previously…