First Lebanese banking merger since 2019 agreed as capital pressures rise
The Lebanese banking sector has witnessed its first merger since the financial crisis hit the country in 2019, as banks…
Investment Banking
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EBRD reports record 2020 investment in response to Covid-19
The European Bank for Reconstruction and Development responded to the coronavirus pandemic with record investment of €11 billion in 2020…
Japan's largest brokerage said to close more offices in the Gulf
Japan's biggest brokerage has been shrinking its investment banking presence in the Middle East Nomura Holdings is closing its…
Dubai's Shuaa Capital-led consortium buys $308mln debt of Stanford Marine
UAE-based asset management and investment banking firm Shuaa Capital has completed a debt buyout of Stanford Marine Group’s (SMG) AED…
Credit Suisse opens branch in Riyadh in Saudi push
Credit Suisse AG has opened a branch in Riyadh, strengthening its Saudi Arabia franchise, the bank said in a statement…
World Bank revises UAE GDP growth to 2.4% in 2022
The UAE economy’s contraction in 2020 was due to the disrupted engines of growth. The World Bank has revised…
Bank Audi absorbs private and investment subsidiaries
Bank Audi said it has decided to merge the local business operations of its fully-owned subsidiaries Audi Private Bank and…
Virgin Mobile signs up with Saudi bank to launch mobile-based financial services
Virgin Mobile's Saudi operations has signed up as a 'strategic agent' with The Saudi Investment Bank (SAIB), which will enable…
Dubai's Emirates NBD hires banks for bond deal – document
Dubai's largest bank, Emirates NBD, has mandated banks to arrange an investor call ahead of a planned issuance of U.S.…
Arab Investment Bank selects Temenos
Temenos has announced that Arab Investment Bank has selected Temenos to power its digital customer experience. Arab Investment Bank…
Sico wins top Global Investor Group Mena awards
Sico, a leading regional asset manager, broker, and investment bank, was named Mena region’s Fixed Income Manager of the Year…
JPMorgan Ousted as Mideast-Africa’s Top Dealmaker by U.S. Rivals
JPMorgan Chase & Co. is no longer the top dealmaker in the Middle East and Africa after losing ground this…