UAE conglomerate misses payment on $4.5 bln restructured debt
Al Jaber Group missed a March repayment on its $4.5 billion restructuring, three sources aware of the matter told Reuters…
Investment Banking
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Secret dealings of Middle East leaders exposed by Panama Papers leak
The secret offshore dealings of leaders of Saudi Arabia, Qatar, United Arab Emirates and Iraq have been exposed in huge…
Global investment banking fees fall 29% in Q1, worst since 2009
Global investment banking fees fell 29 per cent in the first quarter of 2016 from a year earlier as market…
Citigroup Appoints CEO of Citibank Lebanon
Citigroup announced today the appointment of Michel Sawaya as Chief Executive Officer of Citibank Lebanon, replacing Elissar Farah Antonios who…
Seera Reports $2.8 Million Net Profit for 2015
Seera Investment Bank B.S.C., a Shari'a compliant investment bank headquartered in Bahrain announced its results for the year ended 31st…
FGB is first bank in MENA to receive BSI Health & Safety Certification
FGB, one of the leading banks in the UAE, has received the BS OHSAS 18001 Health & Safety Certification by…
Barclays still able to compete in Middle East, says CEO
Barclays still has "critical mass" to compete in the Middle East and aims to help local firms raise capital even…
Europe’s banks begin tentative return to Iran
European banks are tentatively re-engaging with Iran as the Middle East’s second-largest economy slowly emerges from a sanctions regime that…
HSBC's Saudi Division Made $42 Million Provisions to Pay Fines
HSBC Holdings Plc’s Saudi unit made provisions of 162 million riyals ($42 million) over the past two years to pay…
Ominvest-led consortium to acquire Oman Arab Bank’s investment banking division
Oman International Development and Investment Company, together with its strategic partners Oman Investment Fund and Arab Bank, has entered into…
Deutsche Bank Needs More Than Qatar's Help
The support this week of a key shareholder should provide some cover for embattled Deutsche Bank Supervisory Board Chairman Paul…
One investment banker stole the show at Ireland’s 100th birthday party in Abu Dhabi​
It would normally be regarded as impolite to steal the show at somebody else’s birthday party, but I think Pat…