Bank Leumi hit by lawsuit from shareholders over U.S. tax settlement
Shareholders in Israel's Bank Leumi are seeking to file a class action lawsuit worth about 475 million shekels against the…
Investment Banking
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RAKBank Aims to Boost Growth
Sitting in his office on the top floor of National Bank of Ras Al-Khaimah’s Dubai headquarters, Peter England exudes the…
Egypt- Investment bank sees higher GDP growth after 'positive change'
Egyptian asset management, corporate finance and investment banking firm, Cairo Financial Holding (CHF), has raised its growth forecasts for Egypt's…
Gulf Keystone hires former BNP Paribas banker as CFO
Gulf Keystone has appointed Sami Zouari as its new chief financial officer. Zouri, a banker who was previously BNP…
NBB registers record profit of $142 million
National Bank of Bahrain (NBB) yesterday reported a four per cent rise in net profit to BD53.44 million ($142.12m) for…
Abu Dhabi's Al Hilal Bank says CEO Berro resigns
The chief executive of Abu Dhabi government-owned Al Hilal Bank, Mohamed Jamil Berro, is leaving for personal reasons, a spokeswoman…
Al Hilal Bank says CEO not leaving
Abu Dhabi’s government-owned Al Hilal Bank said on Thursday its chief executive had not resigned, correcting an earlier comment from…
Stifel and Leumi Partners ink deal
Leumi Partners Ltd., the investment & merchant banking arm of Bank Leumi le-Israel B.M. ("Leumi"), Israel's first and largest banking…
$37 billion in Middle Eastern mergers & acquisitions during 2014
Thomson Reuters today released the annual investment banking analysis for the Middle East region. Estimates from Thomson Reuters and…
First Gulf Bank Hires Ex-Goldman Banker For Debt Markets
First Gulf Bank PJSC, the United Arab Emirates’ third-largest lender, hired ex-Goldman Sachs (GS) Group Inc. banker Giuseppe Ruggiero to…
Deutsche Bank receives three awards from Islamic Finance News
Recognizing its excellence in Islamic Finance, Deutsche Bank received three "Deal of the Year" awards from Islamic Finance News for…
Middle East investment bank fees slump in 2014
The Middle East investment banking fees earned during 2014 declined 3 per cent from $776.2 million (Dh2.85 billion) during 2013,…