Winners revealed! Banker Middle East Industry Awards 2017
In a remarkable triple, Al Rajhi was also named the Best Bank in Saudi Arabia, as well as being the…
Investment Banking
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Dubai International Financial Centre hosts ‘Lebanese Banks Day’ with Banque Du Liban
Dubai International Financial Centre has hosted select senior representatives from the Lebanese banking community at an industry-focused event in an…
Foreign Banks Setting Up Iran Branches
A number of foreign banks have submitted applications to set up branches in Iran, the Central Bank of Iran's deputy…
Egypt's CIB agrees to sell 10 pct of CI Capital
Egypt's largest listed bank, Commercial International Bank, has agreed to sell 10 percent of its investment banking arm CI Capital…
Iran doing business with 3 mega-banks of Japan
Indications have emerged in the media that three of the biggest Japanese banks are already doing effective business with Iran…
JPMorgan to add bankers in Saudi Arabia to reflect market growth
JPMorgan will increase the number of bankers it has in Saudi Arabia to around 80 by the end of the…
GCC Bank M&A Surge Unlikely, Despite Market Conditions
A surge in mergers and acquisitions among banks in Gulf Cooperation Council countries is unlikely due to structural impediments, despite…
Bahrain's GFH group says considering acquisition deals in financial, infrastructure sectors
* Aims to increase assets under management from $3.5 billion to $5.6 billion in 2017 by acquisition in financial services,…
EFG-Hermes suspends Nigerian expansion, readies Kenyan entry as regulators back license bid
EFG-Hermes Holding SAE, the Cairo-based investment bank expanding into frontier markets, may only start operations in Nigeria in 2018 because…
Qatar National Bank plans to apply for Saudi investment banking licence
Qatar National Bank, the largest bank in the Middle East and Africa, plans to apply for a licence from Saudi…
Suez Canal Bank appoints Hussein El-Refaie as new chairperson
The Suez Canal Bank's board of directors has elected Hussein El-Refaie as the new chairperson of the bank, succeeding Tarek…
EIBank reports Dh16.57 million Q1 net profit
Emirates Investment Bank, an independent private bank based in the UAE on Tuesday reported Dh16.57 million net profits for the…