Lloyds, Natixis and RBS sell Dubai World debt before $14.6 billion deal
Lloyds Banking Group and Natixis have sold their holdings in debt of Dubai World, the state-owned conglomerate nearing a $14.6…
Investment Banking
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Sri Lanka traces stolen RM3.7b in public funds to Dubai
Sri Lanka said on Thursday it had traced more than a US$1 billion in public funds allegedly stolen by members…
Markaz Named ‘Best Asset Manager In 2014’
Kuwait Financial Centre “Markaz” announced winning the “Best Asset Manager in Kuwait – 2014” award by EMEA Finance Awards, which…
Egypt's EFG Hermes returns to profit on investment bank expansion
Egypt's EFG Hermes turned a profit after tax and minority interests of 538 million Egyptian pounds ($70.51 million) in 2014…
SABB Launches "Visa Direct" Remittance Service
The First in the Middle East The Saudi British Bank and Visa have launched Visa Direct Remittance - an…
Barwa Bank hires Karacaoglu as head of syndications
Qatar's Barwa Bank has hired Cenk Karacaoglu as head of syndications in the debt business, reporting to the bank's head…
Emirate of Ras Al-Khaimah to meet investors for sukuk issue
The emirate of Ras Al Khaimah has hired four banks to arrange fixed income investor meetings starting on Thursday for…
Participation banking rises in Turkey
Legal and technical infrastructure in Turkey is burgeoning, along with its young population. Through structural reforms, many great opportunities are…
World Bank praises Saudi Arabia for fighting graft
World Bank Vice President for Integrity Affairs Leonard McCarthy praised Saudi Arabia’s efforts in its fight against corruption. Addressing Saudi…
RBS eyes sale or wind-down of CEEMEA corporate, institutional banking
Royal Bank of Scotland is exploring options for the sale or wind-down of its corporate and institutional banking operations in…
NBAD To Add Export Financing To Its Egypt Operations – CEO
National Bank of Abu Dhabi is expanding in Egypt to add export financing to its wholesale operations and introduce wealth…
Gulf Finance House statement on proposed capital reduction
The Bahrain-based Islamic investment bank said that the accumulated losses to be eliminated will not impact the net shareholders’ equity…