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…
Investment Banking
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Invest Bank reports 61% lower losses in 2019
The net losses of Invest Bank plunged by 61% year-on-year to AED 579 million in 2019 from AED 1.47 billion…
Bahrain’s Gulf International Bank appoints new CEO
Bahrain’s Gulf International Bank has appointed Jamal Al Kishi as the Chief Executive Officer of and Deputy Group CEO. …
OIII3Bank debuts in Dubai, begins operation in April
All is set for OIII3 Bank to kick-start operation in Dubai, United Arab Emirates in April 2020. OIII3 Bank…
Coronavirus postpones IPOs of Banque du Caire, TAQA Arabia
Offering Banque du Caire and TAQA Arabia on the stock market after the spread of coronavirus in Egypt and the…
Barclays cuts 2020 crude forecasts by $12 on virus, OPEC+ deal collapse
Barclays on Tuesday slashed its oil price forecasts for 2020, citing considerable downward pressure on the market from a Saudi-Russian…
NBE, Banque Misr pump LE 3 billion to boost bourse: offical
The National Bank of Egypt and Banque Misr will pump 3 billion pounds to boost the Egyptian Exchange through their…
MaCeen Capital license suspension ends – Saudi CMA
The Saudi Capital Market Authority announced the end of the suspension period of MaCeen Capital Company’s securities business license. …
Fiorano Drives Digitalization at Crédit Agricole with Flexcube Core Banking System Integration
Fiorano Software has announced that Crédit Agricole, Egypt has implemented the Fiorano Hybrid Integration Platform to reduce time and cost…
Barclays executives fend off fraud charge
In a “fresh blow to the credibility of the Serious Fraud Office [SFO]”, three senior Barclays bankers have been acquitted…
Saudi British Bank reports profit of SR2.812 billion for 2019
The Saudi British Bank recorded a net profit of SR2.812 million ($749 million) after zakat and income tax for the…
Mashreq appoints its new Head of Corporate and Investment Banking
Dubai-based Mashreq, a financial institution in the UAE, has announced the appointment of Joel D Van Dusen as its new…