HSBC completes first funding under UAE Central Bank's targeted economic support scheme
HSBC has arranged its first funding for customers under the Central Bank of the UAE’s Targeted Economic Support Scheme (TESS)…
Investment Banking
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Saudi Binladin group hires Houlihan Lokey for $15bn debt revamp
Saudi Binladin Group hired Houlihan Lokey Inc. as an adviser to help the kingdom’s biggest construction firm to restructure an…
Harnessing the power of digital
Investment banking is changing. What are the trends that you are seeing in the digital age in this region? …
Goldman poaches Bank of America's Fortunati to boost industrials ranks: sources
Goldman Sachs has snapped up a Bank of America dealmaker to build up its industrials team as it seeks to…
Mashreq Bank’s first quarter profit slides amid coronavirus pandemic
Mashreq Bank, the Dubai lender controlled by the Al Ghurair family, reported a 28 per cent drop in its first-quarter…
Mena's first quarter Investment banking fees climb 11% boosted by M&A deals
Fees earned by investment banks operating in the Middle East and North Africa climbed 11 per cent year-on-year in the…
GCC investment banks facing earnings risk
Management consultancy Oliver Wyman and investment bank Morgan Stanley have released a new report highlighting that in the event of…
SoftBank's troubles deepen with warning of $16.7 billion writedown
SoftBank warned investors on Monday that the value of its technology fund may have dropped by as much as $16.7…
GFH appoints two new directors
GFH Financial Group has announced the appointment of two new directors to it board - Ali Murad and Ahmed Alahmadi…
EFG Hermes grows revenue by 20%
EFG Hermes, a financial services corporation in Frontier Emerging Markets (FEM), has posted a strong 2019 full-year result, as its…
REFILE-UAE stimulus to help bank liquidity but virus may increase problem loans – Moody's
Ratings agency Moody’s said on Tuesday that a $70 billion UAE stimulus package will support bank liquidity and limit likely…
Fitch revises HSBC Bank Middle East's outlook to negative
Fitch Ratings has revised UAE-based HSBC Bank Middle East Limited's Outlook to Negative from Stable, while affirming the bank's Long?Term…