Strategy consultancies Oliver Wyman and BCG name CEOs
Global strategy consulting giants Oliver Wyman have in the past days named their new CEOs. Two of the world’s…
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Over half of UAE workforce will not survive financially if hit by critical illness
Over half (57%) of UAE employees will not survive financially for three months in event of a critical illness after…
QNB, VTB Capital in deal to launch Qatar, Russia funds to attract foreign capital
QNB Group, the largest financial institution in the Middle East and Africa, and Moscow-based VTB Capital Investments, will launch a…
Bank of Sharjah accumulated losses at Dh182m by end 2020 on Lebanon exposure
Bank of Sharjah had accumulated losses of Dh182.15 million as of end last year, principally brought on by regulatory requirements…
Commercial Bank offers to acquire additional percentage of issued capital of NBO
The Commercial Bank yesterday announced an offer to all of the shareholders of the National Bank of Oman to acquire…
Bahrain may tap international debt market in second half of 2021
Bahrain has started talks with banks over a potential international debt sale in the second half of this year, Bloomberg…
Lebanon Reverses Bank Decision That Caused Depositors Panic
After public outrage and protests, Lebanon’s Central Bank governor said Thursday that depositors can go back to withdrawing money from…
Emirates Development Bank, Commercial Bank of Dubai sign MoU on credit guarantee, co-lending program
The Emirates Development Bank has signed a Memoradum of Understanding [MoU] with Commercial Bank of Dubai [CBD] to offer Credit…
Sukuk growth may be blunted by UAE's tighter standards: S&P
The growth in shariah-compliant bond issuance this year could be hurt by complications arising from the UAE’s recent adoption of…
Doha Bank wins two Global Good Governance Awards for 2021
Doha Bank has received two awards from the Global Good Governance Awards 2021 (3G Awards 2021), including the 3G Financial…
HSBC UAE launches Global Money Account on mobile banking
HSBC UAE customers can now hold, manage and send money globally in multiple currencies and in real-time through mobile banking…
Qatar's Commercial Bank to up stake in National Bank of Oman to 50.1%
Qatar's Commercial Bank said on Thursday it has made an offer to buy an additional stake of 15.2% stake in…