Ibdar reports $14.5 million loss for 2015
During the meeting, shareholders of the Bank were briefed on its 2015 results and its strategy and initiatives for 2016.…
Investment Banking
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Saudi privatisation a treasure trove for banks
Saudi Arabia’s planned privatisations including a share sale in the world’s biggest oil company, represent the biggest investment banking opportunity…
Saudi Aramco Said to Appoint JPMorgan, HSBC for Debut Bond Sale
Saudi Aramco, the world’s largest oil exporter, is working with JPMorgan Chase & Co., HSBC Holdings Plc and Riyad Bank…
Dubai's Shuaa Capital says no business impact from lay-offs
Dubai's Shuaa Capital said on Wednesday that it had laid off six employees, most of them in support roles, and…
Barclays Taps B2B Payment Startup For Accelerator
Barclays recently announced the companies picked for its Tel Aviv accelerator program, according to reports, and while officials at the…
Dubai's Shuaa Capital cuts 15 pct of staff
Dubai investment bank Shuaa Capital has cut about 15 percent of its workforce, sources familiar with the matter told Reuters…
UAE delegation to KazanSummit showcases investment strengths
An official delegation from the UAE has successfully participated at the 8th Kazan International Economic Summit between the Russian Federation…
Egypt Said to Probe 12 People on Beltone Share Manipulation
Egypt’s market regulator has referred 12 people to general prosecution for manipulating the shares of Beltone Financial Holding, according to…
Barclays Taps Tel Aviv as FinTech and Cyber Startup Hub
With IBM, Microsoft, Google, Apple and many other tech giants investing in Israeli startups, the country has long established itself…
IIB Posts Net Profit Of $0.24 Million
International Investment Bank, the Bahrain-based Sharia-compliant investment lender, today announced a net profit attributable to equity holders of $0.24 million…
Deutsche makes changes to global DCM team
Deutsche Bank has appointed Rashid Zuberi as head of its debt capital markets financing and solutions group in Europe, Middle…
Lebanon central bank says must comply with US Hezbollah law
Lebanon's central bank governor said on Tuesday Lebanese banks must comply with a new U.S. law targeting Shi'ite group Hezbollah's…