Bank ABC announces 2020 results
Strong Underlying Operating performance despite market factors resulted in underlying Net Operating Profit of $282 million before provisions Group progressing…
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Sovereign reshapes middle east management to deliver a focus on growth in the region
Sovereign Middle East has announced changes to the boards of its Dubai, Bahrain and Saudi Arabia offices that are designed…
M&A activity in insurance sector set to soar in 2021
Mergers and acquisitions activity will surge in the insurance sector in first half of 2021, given the volume of deals…
UAE banks register $79bln investments in December 2020
The UAE banks' investments went up by 0.35% month-on-month to about AED 455.8 billion by the end of December 2020,…
HSBC completes its Islamic trade facility in MENAT with QIB
HSBC Bank Middle East completed its Islamic Trade Facility in MENAT, valued at USD 100 million, in January 2021 with…
Most Gulf markets fall; Abu Dhabi gains
Most Gulf markets ended in the red on Thursday, with the Saudi index pressured by losses in its banking shares.…
National Bank of Kuwait sells $700 million AT1 bonds -document
The National Bank of Kuwait launched $700 million Additional Tier 1 bonds on Thursday at 3.625%, a document showed. …
EBRD provides US$ 100 million loan to Turkey’s Denizbank
US$ 100 million loan to Denizbank for on-lending to local businesses Catalysing green investments and supporting women-led firms Building resilience…
Barclays expects High Court judgment on Amanda Staveley case imminently
Barclays PLC said the High Court has indicated that a judgment regarding the Amanda Staveley case is imminent. Staveley…
Former Barclays director appointed Gulf Craft chief executive
Nasralla, who joined the yard in late 2020 as chief strategy officer, will focus on implementing a global growth strategy…
Ecommerce's growth potential cannot fall victim to cyber crimes
The threat of cyber-attacks is one now being taken seriously by the financial sector and fintech executives in the Middle…
Sovereign, pension funds double down on private debt amid pandemic
Sovereign wealth and public pension funds are bolstering their funding of private debt, with close to $9 billion committed since…