Middle Eastern banks make formal offer for Fimbank
Fimbank, the Malta-headquartered trade finance bank, has formally received a joint offer by Burgan Bank SAK and United Gulf Bank…
Investment Banking
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BNP Paribas CIB appoint EMEA banking head
BNP Paribas Corporate and Investment Banking has announced the appointment of Jonathan Warburton as head of Banking, within BNP Paribas…
Leumi and Hapoalim Third-Quarter Net Rises as Provisions Fall
Bank Leumi Le-Israel Ltd. and Bank Hapoalim Ltd., the country’s two largest banks, posted an increase in profit as both…
Burgan Bank wins “Best Bank in Kuwait” award
Burgan Bank has announced that it has won the coveted "Best Bank in Kuwait" award from EMEA Finance, a prominent…
Intesa Sanpaolo Not In Talks To Sell Bank of Alexandria Stake-CEO
Intesa Sanpaolo SpA's (ISP.MI) chief executive Tuesday dismissed speculation that it is looking to sell a stake in its Egyptian…
Managing Ethics Programs in the Workplace
Organizations can manage ethics in their workplaces by establishing an ethics management program. Brian Schrag, Executive Secretary of the Association…
Citi names MENA consumer banking head
Citi announced the appointment of Dinesh Sharma as Consumer Banking Head for Middle East and North Africa (MENA), based in…
International law firm advises on $900m syndicated facility for First Gulf Bank
The Dubai office of international law firm Norton Rose has advised a syndicate of fourteen banks in relation to a…
QInvest appoints new CEO
QInvesthas announced that Shahzad Shahbaz has resigned as the Company's Chief Executive Officer, effective immediately. He will remain with the…
Five senior QInvest managers leave after CEO quits
Five senior members of QInvest, the Qatari investment bank forming a joint venture with Egypt’s EFG-Hermes, have left the firm,…
Bullish bankers struggle to adjust to bonus cutbacks
After a year of scandals, job cuts and shaky markets, senior managers and consultants contacted by Reuters warn bonus pools…
Profit moves ahead at Arab Banking Corporation
Arab Banking Corporation has announced that its consolidated Group net profit for the first nine months of 2012 was US$158…