RBS Deserts Dubai Over £6.7bn Refinancing Plan
The state-backed Royal Bank of Scotland is resisting plans for a restructuring of one of Dubai's largest conglomerates, underlining the…
Investment Banking
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KIPCO Asset Management Co changes name to KAMCO Investment Company
The shareholders of the company have agreed to change the name of the company from KIPCO Asset Management Company to…
SICO announces new management appointments
Securities & Investment Company licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today two new…
UK banking giant RBS said to resist Dubai World restructuring plan
Royal Bank of Scotland is resisting plans by Dubai World to restructure its debt, it was reported on Tuesday. …
Bank of Tokyo-Mitsubishi hires Citi exec for EMEA role
Paul Young, Citigroup Inc. (C)’s head of debt capital markets for Europe, Middle East and Africa, left for Bank of…
ADIB UAE’s “Most Recommended Bank”
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, has won the “Souqalmal.com People’s Choice Award for 2014”…
The Saudi Investment Bank to increase capital through bonus share issue
In a statement to the Tadawul, The Saudi Investment Bank revealed that its Board of Directors is proposing to increase…
Bahrain's BMI Bank CEO resigns
The chief executive of BMI Bank, Jamal al-Hazeem, has resigned from the position for personal reasons, the Bahraini lender said…
Saudi- Kyrgyz president proposes joint venture bank
Kyrgyzstan President Almazbek Atambayev has proposed the establishment of a large joint venture Saudi-Kyrgys bank to finance big mining and…
SBI to take part in Arab Asia Business Partnership Summit 2014
The State Bank of India (SBI) will participate at a summit in Bahrain aimed at strengthening trade and industrial business…
Dubai Aluminium Picks Three Banks To Arrange $1.8bn Loan
Dubai Aluminium (Dubal) has chosen three banks to arrange a $1.8 billion seven-year loan to help fund general operations, its…
For the Second Consecutive Year Barclays Bank Egypt Named the Best Foreign Investment Bank in Egypt
For the second consecutive year, Barclays Bank Egypt received the Best Foreign Investment Bank award for 2014 from EMEA Finance…