Oman- Clifford Chance Advises On $100Mn NBO Tap Issuance
Clifford Chance's Dubai office has advised Credit Agricole Corporate and Investment Bank and National Bank of Abu Dhabi PJSC as…
Investment Banking
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Harwood-Jones to head new securities services team
Standard Chartered has created a new global securities services business line within its transaction banking segment, and has appointed Margaret…
Elhedery is HSBC’s CEO for Mena region
Georges Elhedery has been appointed Chief Executive Officer for HSBC’s Middle East and North Africa region and will join the…
Bank ABC’s net profit up 5% to $101m in H1
Bank ABC announced Tuesday that its consolidated group net profit, attributable to the shareholders of the parent, for the first…
Bank Asya’s licenses cancelled
Recent Development On Friday, July 22, 2016, the banking and capital markets authorities of Turkey cancelled the banking…
UAE SMEs to be exempt from bank guarantees by October
The UAE’s Ministry of Human Resources Emiratisation had announced a new decree to exempt Emirati small and medium enterprises from…
Arab Bank Group announces a net Profit of USD 424.9 million in the first half of 2016
Arab Bank Group delivered solid financial results for the period ending June 2016, recording net profit after taxes and provisions…
The Saudi Investment Bank reports a 29 per cent fall in H1 profits
Earnings per share were SAR 0.76, down from SAR 1.07 last year, recalculated to reflect the increase in the bank’s…
Turkey unrest deals new blow as banks struggle with bad debt
Turkey’s failed coup is dealing yet another blow to the nation’s banks, which are already under pressure from rising bad…
Investment banks receive $416.8m in Middle Eastern fees in H1
Investment banks received $416.8m in fees for Middle Eastern transactions during the first half of the year, an 8 per…
Standard Chartered bringing video banking to Asia, Africa and Middle East
Standard Chartered Bank is bringing its video banking service to Asia, Africa and the Middle East, the “biggest roll-out of…
Moroccan and Dubai banks interested in Barclays Egypt sale
Barclays has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East…