UAE key to Standard Chartered’s global and regional strategy
For Standard Chartered, an international banking group with significant presence across emerging markets, the UAE is a key country in…
Investment Banking
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Dubai Group sells stake in Egyptian investment bank EFG-Hermes
The Dubai Group has sold its 11.8 per cent stake in Egyptian investment bank EFG-Hermes to European bank Natixis as…
Omani banking sector 'resilient', says Central Bank
Despite the challenges facing the economy, the banking sector remained resilient supporting economic diversification initiatives and credit needs, the Central…
Egypt closes 48 forex bureaus in black market crackdown
Egypt’s central bank has closed 48 foreign exchange bureaus since the start of the year for trading at black market…
Dubai private sector growth, employment picks up in July
Overall business conditions in Dubai improved to their highest level since last March signalling a positive start to the third…
UGB announces results for the first half of 2016
United Gulf Bank B.S.C. UGB today announced a net profit attributable to shareholders of parent of $ 4.2 million for…
OMINVEST notes progress on acquisition of OAB's Investment Management Group
Established in April 1998, OAB`s Investment Management Group is licensed by Capital Market Authority and Central Bank of Oman to…
What does the Bank of England base rate cut mean for UAE and GCC expats?
The Bank of England has cut the base rate for the first time in over seven years, reducing it from…
Consortium awaits regulatory nod to acquire OAB unit
Oman International Development and Investment Company (Ominvest) on Tuesday said that the company and its strategic partners are in the…
Bank Hapoalim Announces Second Quarter 2016 Financial Results
Bank Hapoalim, Israel's leading financial group, today announced financial results for the second quarter ended June 30, 2016. Second…
ICBC aims for benchmark dollar bond via Dubai by year-end
Industrial and Commercial Bank of China (ICBC) aims to issue a U.S. dollar-denominated, benchmark-sized bond through its Dubai office before…
Standard Chartered to get half a billion in IFC debt
The International Finance Corporation is to open a US$500mn trade finance facility to Standard Chartered to allow it to continue…