Abu Dhabi informally boycotts western banks with big Qatari investors
Abu Dhabi has launched an informal boycott of western banks with significant Qatari shareholders, broadening the impact of the Arab…
Investment Banking
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Credit Suisse: Qatar Investor Becoming Weighty Mortgage
Qatar has been boycotted by an Arab quartet for months, and this is now starting to have a direct impact…
UAE ‘informally’ boycotts Western banks with Qatari investments, report says
The United Arab Emirates has started an "informal" boycott of Western banks with significant Qatari investments, a report said Wednesday.…
J.P. Morgan revises Turkey's growth estimate up for 2017
The U.S.-based multinational banking and financial services company J.P. Morgan raised its estimate on Turkey's economic growth for 2017 from…
HSBC plans Saudi growth thanks to kingdom's "unprecedented" transformation
HSBC is planning to add staff to its Saudi Arabian operations as the kingdom embarks on one of the biggest…
Mashreq launches account for Egyptian expats
Mashreq Bank has launched ‘Misr Um El Donia’ an account targeted at Egyptian expatriates living in the UAE. “Misr…
Emirates Investment Q2 profit up 12.4pc
UAE-based Emirates Investment Bank has posted a net profit of Dh8.86 million ($2.41 million) for second quarter (Q2) of the…
Bahrain mandates five banks for international bond issue- sources
Bahrain's government has hired banks for a planned U.S. dollar-denominated bond issue, sources familiar with the matter said on Tuesday. …
Goldman Sachs buys into Aramco $10bln loan as it seeks IPO role
Goldman Sachs has bought a slice of Saudi Aramco's $10 billion credit facility as it seeks a role in the…
UAE firm JBF RAK seeks to renegotiate 2 bln dirhams of debt-sources
Manufacturer JBF RAK, which is 60 percent owned by the United Arab Emirates' Ras al-Khaimah Investment Authority (RAKIA), is in…
Barclays Sponsors UAE’s First Government Accredited Entrepreneurship Programme
The Mind Cloud Entrepreneurship Programme and Dubai Business Women Council offer tailor-made, certified courses aimed at students, SME entrepreneurs and…
KIPCO announces realignment of operations of its Bahrain-based United Gulf Bank
The Kuwait Projects Company has announced the realignment of the operational structure of its Bahrain-based subsidiary, United Gulf Bank. …