BNP Paribas bolsters industrials team
BNP Paribas has strengthened its industrials team across Europe, Middle East and Africa with the appointment of two senior bankers…
Investment Banking
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Credit Suisse in Talks for Full Saudi Arabia Banking License
Credit Suisse Group AG is seeking to secure a key banking license in Saudi Arabia as part of plans to…
Qatar's investment in troubled Deutsche Bank 'drops by billions'
The value of Qatar’s shares in Deutsche Bank has dropped by at least $1.3 billion from what it paid for…
Beltone Financial acquires 60% stake in NY-based brokerage firm Auerbach Grayson
Beltone Financial Holding,one of Egypt's top investment banks, announced today that it has acquired a 60% stake of Auerbach Grayson…
HSBC rules out rumors about exiting the Turkish market
HSBC is not planning to leave the Turkish market, the major international lender’s Turkey CEO has said. “HSBC has…
UAE's Union National Bank (UNB) issues $600mln 5-year senior unsecured bond in first bank public offering from Abu Dhabi bank in 2016.
Union National Bank P.J.S.C., rated A+ by Fitch and A1 (neg) by Moody's , owned 50% by the Government of…
Saudi banks told to reschedule loans of clients hit by cuts
Saudi Arabia’s central bank directed local lenders to reschedule the consumer loans of clients affected by last week’s decision to…
Qatari funds nurse €1bn loss on Deutsche Bank stake
Qatari funds are nursing a €1bn loss on their investments in Deutsche Bank, after a 60pc rout in the troubled…
UAE still lures career-minded expats despite rising costs, says HSBC
Career orientated expats are continuing to be attracted by the economic and political stability in the UAE compared to other…
StanChart starts direct trading between yuan, Saudi riyal, UAE dirham
Standard Chartered said on Thursday it had started direct trading between the Chinese yuan, Saudi Arabia's riyal and the UAE's…
Goldman's Libya Salesman Was a Little Too Good
I used to sell equity derivatives at Goldman Sachs, which puts me in fascinating company. For instance there is Youssef…
Saudi bank shares rally on SAMA’s monetary action
Saudi banking shares rallied on Monday after the central bank said it would deposit about SR20 billion at commercial lenders…