Citi appoints Asian unit's Wadhwani to head EMEA consumer banking
Citigroup has appointed Anil Wadhwani, a veteran executive from its Asian business, to lead its consumer and commercial banking business…
Investment Banking
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Qatar seeking to build $1 billion stake in Bank of America
Qatar's sovereign wealth fund, one of the world's most prolific investors, is building a $1 billion holding in Bank of…
CEO Anthony Mallis to retire from SICO
Bahrain-based regional investment bank, Securities & Investment Company, announced today (28 October) that its Chief Executive Officer, Anthony Mallis, has…
EFG-Hermes Targets Gulf Banking Deals as Egypt Falters
EFG-Hermes Holding SAE, the Egyptian investment bank whose merger with Qatar’s Qinvest LLC collapsed in May, said it’s seeking deals…
The European Bank of Reconstruction and Development opens permanent office in Jordan
The London-based bank can help increase Jordanian businesses’ use of renewable energy. Describing the Kingdom as a role model…
Bahrain in Early Stages of Bank Merger Wave: Central Bank
Bahrain is still in the early stages of a series of bank mergers designed to strengthen the sector in the…
Dubai property: Bubble fears played down by Goldman Sachs’ renewed interest
Goldman Sachs’ renewed interest in the UAE’s equity markets and Dubai property stocks is creating a buzz. On Monday…
Emirates NBD 9-month net profit up 34%
Emirates NBD, the leading bank in the region, today announced its results for the 9 months ended 30 September 2013.…
Emirates NBD Misses Estimates as Bad Loan Provisions Climb
Emirates NBD PJSC, Dubai’s biggest bank, reported a 21 percent increase in third-quarter profit, missing analyst estimates, as provisions for…
HSBC Hired on Saudi Debt Deals as Bank Sees More IPOs
HSBC Holdings Plc, the Persian Gulf’s top bond underwriter, said it’s been hired on several debt and equity capital market…
Deutsche Bank names Co-Heads of Asset Management Coverage in MENA
Deutsche Bank announced today the appointment of Fahad Albader and Adel Dagher as Co-Heads of Asset Management Coverage for Deutsche…
HSBC rejigs senior Middle East banking roles
HSBC Holdings has rejigged the roles of some senior bankers in the Middle East North Africa region, an internal memo…