Mashreq appoints Head of Corporate and Investment Banking
Mashreq has appointed Joel D Van Dusen as its new Head of Corporate and Investment Banking Group. During his…
Investment Banking
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JPMorgan, Goldman Among Banks Vying for Arab Refining IPO
JPMorgan Chase & Co., Citigroup Inc. and Goldman Sachs Group Inc. are among the banks competing to advise Egypt’s Arab…
Bahrain's GFH buys 70% stake in Dubai Fintech major Marshal
Bahrain-based GFH Financial Group on Tuesday announced the acquisition of a 70 percent stake in Marshal, a pan-MENA Fintech company.…
Now Money offers banking alternatives for Mena's unbanked
According to the World Bank, in the Arab world stretching from Muscat to Casablanca, only eight per cent of adults…
StanChart betting big on Shariah-based banking
Standard Chartered is bullish about the fortunes of its Islamic banking business, Saadiq, in the country, seeing the religious bent…
Bahrain's GFH reports Q4 profit drop as impairment charges climb
GFH Financial Group, a Bahrain-based investment bank, reported a 38.7 per cent drop in its fourth-quarter net profit, dragged down…
Emirates Investment Bank names Gaurav B. Shah as Chief Executive Officer
Emirates Investment Bank has announced the appointment of Gaurav B. Shah as Chief Executive Officer of the Bank. Gaurav…
HSBC launches Jade, a special bank account for millionaires
HSBC UAE has launched Jade, a new bank account designed for high networth individuals. “Research conducted by HSBC shows…
Exclusive: HSBC to axe senior managers in strategy shift – sources
HSBC is set to unveil a new round of job cuts targeting senior international managers and reduce its presence in…
Egypt to sell stake of Bank of Cairo
Banque du Caire could have a stake on the Egyptian Stock Exchange still in the first quarter of 2020, Al…
HSBC planning withdrawal from Turkey after 30 years: reports
Global banking giant HSBC is considering withdrawing from Turkey after 30 years as part of a wider programme of cost-cutting…
Banker knew Barclays ‘lied’ over Qatar fundraising
A senior banker believed that Barclays documents lied about sums it was paying to Qatar to secure billions in investment…