Venture Capital Bank reports 84% increase in net profit
Bahrain-based Islamic investment bank, Venture Capital Bank BSC, reported a net profit of US$ 15 million for the year ended…
Investment Banking
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Foreign investments in GCC slumps by 14.6 in 2013 — report
The foreign direct investment (FDI) in the Gulf Cooperation Council (GCC) states dropped by 14.6 percent in 2014, said Tuesday…
Commercial Bank announces new executive appointment
Commercial Bank has announced the appointment of Mr. Colin Macdonald as Executive General Manager, Business Enablement. Colin will play a…
BTG Teams Up With Abu Dhabi Fund for Ariel Re Acquisition
Grupo BTG Pactual, Brazil’s only publicly traded independent investment bank, is partnering with shareholder Abu Dhabi Investment Council to expand…
Middle East Proves a Bright Spot for HSBC
With the largest presence of any international bank in the Middle East, HSBC’s results usually serve as a good indicator…
More UAE banks to repay support to Government, says IHS Banking Risk Service
“Furthermore, as part of the original agreement, UAE banks will gradually be forced to reduce the government bonds' contribution to…
Investment banking: Middle East feels better
There were some excited noises from the Middle East after Thomson Reuters reported a 72% jump in quarterly investment banking…
Kouros Capital announces billion dollar investment plan for Nigeria
Kouros Capital Group Limited (KCG) has announced that it is making immediate arrangements to bring into Nigeria substantial investment funding…
Dubai staff said to go in JPMorgan job cuts
JPMorgan Chase & Co, the largest US lender, is reportedly cutting hundreds of technology support employees in its corporate and…
Gulf International Bank reports first half profit of US$50.2 million
Gulf International Bank B.S.C. (GIB) reported consolidated net income after tax of US$50.2 million for the six months ended 30th…
Middle East companies face $91b in refinancing needs
Middle East investment grade companies face refinancing needs of about $91 billion (Dh334 billion) from bank and bond debt due…
Key Dubai banks beat profit estimates
Leading Dubai based banks exceeded analyst’s expectations to report strong 2014 first half results on Thursday. While Emirates NBD…