Kingdom gets recognition as one of most developed Islamic markets
Acknowledged as one of the most developed Islamic markets, Saudi Arabia is a destination that should not be overlooked, according…
Investment Banking
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Marc Giesen exits RBS two months after promotion
Marc Giesen, who took over as head of RBS's debt capital markets business in the Middle East only two months…
Goldman leads $1.15bn project loans for Dubai theme parks
Goldman Sachs is expected to sign a $1.15 billion project financing loan for Dubai Park and Resorts this week, which…
Barclays sued by Saudi developer for $10 billion
A Saudi real estate company has sued Barclays for $10 billion, claiming the bank ceased pursuing lease payments due from…
Guess who will get a bonus this year
Bonus or no bonus? That is the question. As the end of the year rolls around, the question foremost in…
HSBC's Middle East banking head leaves lender
HSBC Holdings' head of banking for the Middle East and North Africa (MENA) has left the bank, a source familiar…
GFH reports $15.6 million in net profit for 9M 2014
For the nine‐month period, net profit was $15.6 million compared to $1.0 million in the corresponding period of 2013. Total…
SocGen Denies Bribing Qaddafi Friend in Libya Fund Case
Societe Generale SA (GLE) denied paying bribes to Libya’s sovereign wealth fund, saying $58 million in payments to a family…
Bankers in Middle East Confident Bonuses Will Beat Peers
Finance professionals in the Middle East are more confident of receiving a bigger bonus this year than their colleagues around…
Khalifa Fund, Arab Bank sign SME finance agreement
The Khalifa Fund for Enterprise Development and Arab Bank for Investment and Foreign Trade have signed a strategic agreement in…
FGB achieves record sales of USD 100 million premiumin 8 weeks for LIC's new insurance product
FGB , one of the leading banks in the UAE, has achieved record sales worth USD 100 million (AED 367.31million)…
Nikko AM makes three senior hires
Increasing its penetration into the global institutional investment market, Nikko Asset Management has appointed three seasoned executives to lead, respectively,…