Egypt's EFG Hermes posts 57 pct rise in Q3 profit
EFG Hermes, one of the Middle East's largest investment banks, posted on Tuesday a 57.4 percent year-on-year increase in third-quarter…
Investment Banking
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Six finance firms with growth strategies in the Middle East
Wading through banks’ strategy announcements can be a tricky business, filled as they are with jargon and euphemisms designed to…
Barclays, BofA Said to Advise Billionaire Sawiris on UAE Listing
OCI NV hired Barclays Plc and Bank of America Corp. to advise on the listing of its construction business in…
‘Smart Wallet’ tops UAE Banks Federation agenda
The Board of Directors of the UAE Banks Federation, a professional body representing 49 member banks operating in the UAE,…
UAE Banks Profit Up 25% In First Nine Months Of 2014
The UAE banks recorded a rise of 25 per cent in profits during the first nine months of 2014, the…
Seychelles Central Bank takes control of beleaguered BMIO bank
Scarcely three weeks after the announcement that relations between the Bank of Muscat International Offshore (BMIO) and its correspondent bank…
Tadhamon International Islamic Bank appoints new CEO at Tadhamon Capital BSC
Tadhamon International Islamic Bank , a Sharia'a-compliant Bank licensed by the Central Bank of Yemen, has announced management changes in…
Arab Bank Receives Two Regional Awards from Prestigious International Publications
Arab Bank received two recognitions recently on the regional level for its trade finance and cash management services. The…
Gulf nations focus on more investments in East Asia
The “East Asia push” of Gulf countries has become more intense this week with a number of announcements made that…
Forum explores Turkey’s growing Islamic finance sector
Domestic and international bankers convened at the IFN Turkey Forum 2014 in İstanbul on Thursday to discuss Turkey's growing Islamic…
RBS Said to Weigh Sale of Mideast Loans Amid CEO Review
Royal Bank of Scotland Group Plc, the U.K.’s largest taxpayer-owned bank, is weighing the sale of its Middle East corporate-loan…
BNY Mellon: Global payments market to be transformed by tech-savvy business leaders by 2020
The report says the payments landscape is being shaped by the needs and expectations of retail customers as much as…