Middle East banks face tougher compliance rules as sanctions bite
In a region as laden with sanctions as the Middle East, it is little surprise that compliance costs put a…
Investment Banking
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Bank Alhair wins a further ruling against former CEO
The Bahrain Chamber of Dispute Resolution (BCDR) issued a verdict on Monday, 7 October 2013 in favor of Bank AlKhair,…
QInvest unveils new growth strategy
QInvest today unveiled its new strategy to deliver long term sustainable growth. The new strategy has streamlined the bank into…
EFG Hermes participates in listing BLME on NASDAQ Dubai
EFG Hermes, the leading investment bank in the Arab world, announces the technical listing of the Bank of London and…
Arab Spring to cost $800 billion
The Arab Spring uprisings will end up costing Middle Eastern economies about $800 billion in lost output by the end…
Citi, Qatar bank hold up Abu Dhabi firm's $4.5 bln debt talks – sources
Citigroup Inc and International Bank of Qatar are holding up negotiations to restructure $4.5 billion in debt of Abu Dhabi…
Scope for consolidation in overcrowded Gulf banking markets
Only a few years ago Middle Eastern banks were receiving billions of dollars of support from their home governments to…
Abu Dhabi Banking Major Plans Push into Asia
National Bank of Abu Dhabi plans to expand its debt capital markets business into Asia to help companies secure funding…
Barclays-Qatar Probe to Have Progress in 2014, SFO’s Green Says
U.K. fraud prosecutors’ will announce significant developments next year in a probe into fees paid by Barclays Plc to Qatar’s…
Zurich Int’l Life splits banking distribution channels in Middle East
Zurich International Life in the Middle East has split its bank distribution division, creating two separate channels dealing with local…
Hoveyda to Join UBS in Senior Coverage Role
Amir Hoveyda is joining UBS as Vice Chairman corporate client solutions Europe Middle East Africa in January, reporting to William…
UAE bourses merger likely to be announced in December
The merger of UAE’s bourses seems to be have been agreed to by the two stock exchanges and is now…