GFH reports 21% drop in Q3 net profit as impairment charges climb
GFH Financial Group, a Bahrain-based investment bank, reported a 21 per cent drop in its third-quarter net income as funding…
Investment Banking
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HSBC, Emirates NBD cut jobs in UAE as banks look to reduce costs – sources
HSBC Holdings has laid off about 40 bankers in the United Arab Emirates and Emirates NBD is cutting around 100…
Bank of America hires First Investment Bank head in Saudi Arabia
Bank of America Corp. hired Saud Al Tassan to head investment banking in Saudi Arabia, according to people familiar with…
Citi Bahrain Celebrates 50th Anniversary In Kingdom
Citi recently celebrated its 50h anniversary in Bahrain, and hosted its CEO Michael Corbat, for this special occasion. The…
UAE- TBI Receives safest Bank in Iraq 2019' by Global Finance
Trade Bank of Iraq has been named 'Safest Bank in Iraq' by Global Finance magazine in an exclusive survey as…
EU Bank appoints new EIB Cairo head office
Alfredo Abad has been working for the European Investment Bank since 2005 where he contributed to the Bank’s operation and…
Dubai FDI, Standard Chartered Bank collaborate to attract more investments into Dubai
Dubai FDI, the investment development agency of Dubai Economy, has announced the signing of a Memorandum of Understanding with Standard…
83% of UAE businesses expect sales growth next year: HSBC survey
UAE business confidence is rising as the country prepares for Expo 2020 Dubai, an HSBC survey revealed. The HSBC…
Corbat to Fink: The Who’s Who of Finance Head to Saudi Arabia
Global finance and business elites are descending on Riyadh this week for Saudi Arabia’s marquee investment summit after last year’s…
StanChart Banker and Looking for a Job? Try Dubai's Biggest Bank
Standard Chartered Plc is becoming the recruitment ground for Dubai’s biggest bank. Emirates NBD PJSC on Monday said it…
MUFG and SAGIA promote Japanese investment in Saudi Arabia
MUFG Bank on Wednesday announced it has signed an agreement with the Saudi Arabian General Investment Authority to promote Japanese…
SoftBank CEO, planning new tech fund, to attend Saudi forum – sources
SoftBank Group Corp founder and CEO Masayoshi Son will attend an investment conference in Saudi Arabia next week, two people…