S&P downgrades slew of Saudi banks
The ratings agency Standard & Poor’s has downgraded a slew of Saudi Arabian banks, following its cut to the kingdom’s…
Investment Banking
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Deutsche Bank to pay $258m penalty for violating US sanctions
Deutsche Bank Created “OFAC-Safe” Payment Processing Schemes to Evade U.S. Treasury Office of Foreign Asset Control (OFAC) Sanctions Deutsche…
Emirates NBD claims triple win at prestigious awards
· Group Risk wins 'Achievement in Credit Risk Management of the Year' award · Bank named Best Trade Finance Bank…
Bahrain mulls bonus clamp for corporate heads
Bonuses paid to corporate board heads and members of state-owned companies in Bahrain are to be regulated, a report said.…
Citibank interested in Egypt’s future bond offerings: EMEA’s CEO
Egypt sat down with the CEO of Citibank in Europe, Middle East and Africa Jim Cowles as the bank celebrated…
BNP Paribas ‘wet ink’ slip-up leads to US$650m suit
BNP Paribas SA is being sued by the trustee of a US$650 million Islamic finance transaction who said the deal…
International Investment Bank announces two investment exits, eyes new opportunities
International Investment Bank announced its exit from real estate investments in the United Arab Emirates and Germany for a combined…
QInvest Completes Debut US$ 200 Million Five Year Syndicated Facility
QInvest , Qatar's leading investment group and one of the most prominent Islamic financial institutions in the world, is pleased…
National Bank of Abu Dhabi to Buy $900 Million RBS Indian Loans
National Bank of Abu Dhabi PJSC, the United Arab Emirates’ largest bank, signed an agreement with Royal Bank of Scotland…
Bank Sohar, Bank Dhofar appoint consultants for due diligence in merger process
In a statement to the Muscat Securities Market, Bank Sohar said, "With reference to our disclosure dated 1 July…
Auditors, HR professionals in UAE to see highest salary rises in 2016
Average salaries in the United Arab Emirates across professional occupations including finance and accounting, financial services, information technology, legal,…
UAE Central Bank says lenders ‘increasingly risk averse with businesses’
UAE banks are becoming increasingly risk averse when weighing loans to businesses, the Central Bank said in its latest credit…