Law firm quit as Barclays adviser over Qatar loan fears
Linklaters, the big British law firm, resigned from advising Barclays over a controversial loan to Qatar at the heart of…
Investment Banking
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Goldman Sachs gets approval for Saudi equities trading license
Goldman Sachs received approval on Sunday to trade equities in Saudi Arabia, joining the growing band of western investment banks…
Qatar Dispute Puts Pressure on Local Banks
Qatari banks are facing funding pressure, as foreign customers worried about Doha’s intensifying spat with its Arab neighbors withdraw deposits.…
Ukraine arrests French-Israeli wanted in ‘fake CEO’ scam
A huckster sentenced for tricking dozens of French banks and businesses into handing over millions of euros has been arrested…
Huge appetite for Oman's debt in global markets says Standard Chartered
There is strong appetite for Oman’s debt in the international markets and the sultanate’s government, related-entities and big corporates still…
EFG Hermes reports increase in net profits in Q2, H1 2017
EFG Hermes, one of the leading financial services corporation in the Middle East and North Africa (MENA) region, reported on…
Dubai's Noor Bank Downsizes in Huge Restructuring: Sources
Noor Bank has allegedly made dozens of redundancies at its branches this week, with up to 200 redundancies in total…
Higher interest rates and cost cutting lifts Saudi banks outlook
Bank of America Merrill Lynch said it saw an improved outlook for Saudi Arabian banks due to higher interest rates…
Bank ABC is first MENA financial institution to join global financial infrastructure consortium
The over 80-strong consortium of the world's biggest financial institutions is spearheading research and development of blockchain–inspired distributed ledger technologies…
MUFG plans Saudi Arabia hires to tap US$350b privatization
Mitsubishi UFJ Financial Group Inc is looking to hire in Saudi Arabia as the lender seeks to benefit from privatizations…
Global Al-Mamoun Fund named best equity fund in Kuwait over three and five years
Global Investment House (Global, a regional asset management and investment banking firm headquartered in Kuwait, with offices in major capital…
UAE listed banks report over $5bn net profit in H1
A total of 19 listed banks in the UAE reported net profit of around Dh19 billion ($5.17 billion) during the…