Middle East M&A deals fall 29 per cent to $18.7 billion
The value of merger and acquisition transactions with any Middle Eastern involvement fell 29 per cent in the first half…
Investment Banking
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ICC Qatar initial banking workshop deemed a success
The first banking workshop hosted by the Qatar International Chamber of Commerce was deemed a success with more than 150…
Saudi's Alinma Bank Q2 net profit up 12.1 pct, in line with estimates
Saudi Arabia's Alinma Bank reported a 12.1 percent rise in second-quarter net profit on Thursday, in line with the average…
Saudi’s Arab National Bank Q2 net profit slips 2.1% on higher costs
Arab National Bank, Saudi Arabia’s seventh-largest lender by assets, reported a 2.1 per cent fall in second-quarter net profit on…
Novus, SuMi Trust Launch $200m Aircraft Leasing Fund
Sumitomo Mitsui Trust Bank ,one of Japan’s top financial institutions, and Novus Aviation Capital, a leading global aircraft leasing platform,…
NBB half year profits increase by 6.9%
The Bank recorded a Net Profit of BD 31.72 million for the six months ended 30 June 2016 compared to…
Saudi Hollandi Bank reports flat Q2 net profit
Saudi Hollandi Bank, the kingdom's oldest lender, reported flat net profit in the second quarter as higher operating income was…
Barclays begins Egypt sale process, at least 2 interested
Barclays has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East…
Record results highlight Qatari potential
Despite having proved its resilience, particularly after the 2008 crisis, and being expected to grow 17% annually, Islamic finance is…
Goldman, Deutsche Bank Said Among Saudi Bond Lead Managers
Saudi Arabia appointed six banks as co-lead managers on its first international bond sale as the country looks to plug…
UAE banking sector growth expected to remain soft in 2016
The UAE’s banking sector earnings are expected to soften further in the second quarter as many banks are likely to…
NBK posts KD 150.6mn net profit in H1 2016
National Bank of Kuwait reported net profits of KD 150.6 million for the period of 1H 2016 compared to KD…