HSBC Group becomes major shareholder of its Saudi subsidiary
HSBC Group has become a majority shareholder in its Saudi Arabian subsidiary by acquiring shares from the Saudi British Bank.…
Investment Banking
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Deutsche Bank CEO warns central banks have no tools left to ‘cushion’ a ‘real economic crisis’
Central banks “have used their tools to a large extent already” and are running out of options to mitigate the…
Citi expects ‘record year’ on back of Saudi Arabia and UAE operations
Citigroup expects its Middle East business to pick up this year, despite a drop in interest rates and a slowdown…
After 1MDB fallout with UAE, Goldman desperately courts rest of Middle East
GOLDMAN Sachs Group Inc is tapping its upper echelons to navigate a notoriously complicated region where it has stumbled of…
ENBD to hire banks for rights issue
Dubai’s biggest bank is close to appointing Citigroup Inc. and Morgan Stanley to manage a rights share offering of as…
Qatar non-oil activity buoyed by government investment: NBK
The country’s growth is expected to accelerate to 2.6% this year from 1.6% in 2018, Kuwait-based banking major NBK said…
Invest Bank resumes trading on ADX
The Abu Dhabi Securities Exchange has announced in a statement that Invest Bank is resuming stock trading starting from Wednesday…
Shuaa reports Dh31.6m loss in second quarter
Dubai investment bank Shuaa Capital swung to a loss in the second quarter before its recent reverse takeover by Abu…
BofAML names head of EMEA fintech investment banking
Bank of America Merrill Lynch on Monday named Gerardus Vos as head of financial technology investment banking for Europe, the…
Saudi British Bank believes blockchain can revolutionize global trade
The leading international bank in Saudi Arabia, SABB arranged a workshop for the country’s largest importers and exporters. The…
The head of EMEA utilities just resigned from Deutsche Bank
Deutsche Bank may be hiring whole teams for its wealth management business, but it's also losing people from its corporate…
Doha Bank wins 2 awards at ‘Asian Banking and Finance Awards 2019’
Doha Bank has been named ‘Qatar Domestic Cash Management Bank of the Year’ in the wholesale category and ‘Corporate and…