Turkish State-Owned Banks On Lending Spree To Stave-Off COVID-19 Crash
Still reeling from the aftermath of the currency crisis in summer 2018, Turkish corporations are poorly positioned to weather a…
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Khaleeji Commercial Bank issues $159mln sukuk
Khaleeji Commercial Bank has successfully issued Sukuk worth $159 million, subject to approvals from regulatory authorities and the extraordinary general…
UAE, Saudi Arabia, Egypt draw $11.2 billion of FDI inflows
The UAE, Saudi Arabia and Egypt drew up to 65.4 per cent of the total FDI inflows to the Arab…
Al Jaramani joins Mashreq in key position
Mashreq, one of the leading financial institutions in the UAE, has appointed Feras Al Jaramani as Executive Vice President, Head…
Bucheeri: A quantum leap in Bahrain digital banking services
The Bahraini Technology and Business Society (TBS) in partnership with the NGN International, an IT system integrator and consultant headquartered…
RAK Bank to close 25% of its branches next month
The National Bank of Ras Al Khaimah (RAK Bank) will shut down nine branches from next month as demand for…
Bahrain's GFH Financial subsidiary finalizes $159mln sukuk issuance
GFH Financial Group, a Bahrain-based investment bank, announced that its subsidiary Khaleeji Commercial Bank has finalized the issuance of sukuk…
JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021
The financial fallout from the coronavirus pandemic will keep fueling debt issuance from the Middle East into 2021, while also…
JPMorgan revamps shareholder activism defense practice -sources
JPMorgan Chase & Co is revamping its shareholder activism defense practice by promoting David Freedman to oversee the business globally…
Kuwait: NBK’s AGM was held with a 77.86% quorum and approved all BOD’s proposals
National Bank of Kuwait held today (Saturday, 7 March 2020), its 2019 Annual General Meeting and Extraordinary General Meeting (EGM),…
The 10 richest people in the Middle East, ranked
The Middle East is a region known for its oil-derived wealth. Some of the region's richest people are familiar…
Gold/Silver: the early stages of a long-term bull market
Key points : While gold investors have already benefitted from a shift to a negative real (inflation adjusted) interest rate…