More senior executives at Abu Dhabi bank FGB depart
First Gulf Bank's most senior investment banker and its head of global markets sales have both left their positions at…
Investment Banking
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IPOs 'sluggish' in 2016, but appetite remains
The IPO market in the GCC has been hit by oil price volatility and the global economic slowdown, remaining sluggish…
Top 11 companies add over AED 250 bn in Dubai Financial Market cap; Emirates NBD lead gainer
Led by banking major Emirates NBD (AED 45.57 billion), the top-11 most valued Dubai Financial Market -listed companies together added…
UAE Cabinet approves Sharia authority launch
The UAE Cabinet on Sunday approved the launch of a new Sharia Authority, a national regulator to set standards for…
Egyptians’ remittances retreat by $1 billion
Egyptian Central Bank’s Governor Tareq Amer recently told Kuwaiti officials that remittances of Egyptians working in Kuwait retreated by $1…
Credit Growth Expected To Slow
For the June quarter, respondents to a UAE Central Bank survey expect marginal tightening in credit standards, while the appetite…
Deutsche Bank Promotes Campili to Global Co-Head for Health Care
Deutsche Bank AG named Darren Campili as global co-head of health-care investment banking coverage, according to a spokeswoman for the…
HSBC Middle East appoints interim chief executive
HSBC Middle East has appointed Robin Jones as interim chief executive with immediate effect, the bank confirmed this morning. Previously…
Goldman, HSBC said among banks on Saudi exchange IPO shortlist
Goldman Sachs Group Inc. and HSBC Holdings Plc are among banks shortlisted by Saudi Arabia’s stock exchange to help manage…
Saudi Arabia's Stock Exchange Hires HSBC's Saudi Unit for IPO
Saudi Arabia’s stock exchange, the biggest in the Middle East and Africa, hired HSBC Saudi Arabia Ltd. as a financial…
Bank of China, 7th largest bank in world, receives permission to operate in Turkey
Bank of China, one of the world's largest financial institutions, has received permission to operate in Turkey, Deputy Prime Minister…
Ahli United Bank B.S.C. reports a Q1/2016 profit of US154.6 million attributable to the shareholders of the bank
Ahli United Bank B.S.C. reported a net profit attributable to its equity shareholders of US$ 154.6 million for the quarter…