Arab Monetary Fund lends $58 million to Jordan
The Arab Monetary Fund (AMF) has provided the Hashemite Kingdom of Jordan a new loan of $58 million. The…
Investment Banking
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Saudi bank NCB posts 2.6 pct drop in net profit, misses forecasts
Saudi Arabia's National Commercial Bank, the kingdom's largest lender, posted a 2.6 percent fall in second-quarter net profit on Thursday,…
UAE's Union National Bank says plans to raise $500 mln 3-yr loan
Union National Bank, 50 percent owned by the Abu Dhabi government, has picked five banks to raise a $500 million…
Crédit Agricole appoints new Mena, UAE senior officer
Crédit Agricole Corporate and Investment Bank has appointed Mazin Manna as the senior regional officer for the Middle East and…
Saudi bank Samba Q2 net profit rises 6.1 pct; beats forecasts
Samba Financial Group, Saudi Arabia's third-largest bank by assets, posted a 6.1 percent rise in its second-quarter net profit, it…
Why UAE expats fail to save: Consumption, socialising drain savings
Most people move away from home to make more money and save for retirement, but many of them tend to…
New initiative aims to equip women for top banking jobs
A mentorship programme to help Bahraini women take up senior positions in the banking sector is underway. The programme,…
CI affirms ratings of Arab National Bank
Ratings are constrained by the Bank’s relatively low capital adequacy ratio, low stocks of MLT funding, high related-party exposure and…
Ibdar Bank appoint new chief investment officer
Ibdar Bank, a Bahrain-based wholesale Islamic investment bank, has appointed Ahmed Al Rayes as its chief investment officer. Effective…
WB urges GCC states to improve quality of financial intermediation
Despite its depth, the GCC financial sector has not produced the expected inclusive growth-enhancing benefits, signalling a 'quality gap' with…
PEP soars at King & Wood Mallesons EUME
Profit per equity partner soared 39% to £610,000 on income up 7% to £191m in 2014/15. William Boss, managing…
Financial Results For The Six Months Ended 30 June 2015
QNB Group , one of the World's Strongest Banks and the leading bank in the Middle East and North Africa,…