European Bank for Reconstruction and Development triples investments in Egypt
The European Bank for Reconstruction and Development (EBRD) invested a total of EUR 459 million (EGP 8.554 billion) in Egypt…
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Standard Chartered Bank appoints CEO for Banking Branch in Saudi Arabia
Standard Chartered Bank announced the appointment of Yazaid Al Salloom as Chief Executive Officer, Standard Chartered Bank Saudi Arabia, effective…
Kuwait sovereign wealth fund fights court battle with fired executives
The Kuwait Investment Authority’s London arm has launched High Court proceedings against former executives over an alleged conspiracy to award…
HSBC UAE launches online trading platform for wealth clients
HSBC has launched a new online trading platform, enabling its retail customers in the UAE to trade shares and exchange…
Swiss Banks Accused in Kuwaiti Pension Scandal
Four Swiss wealth managers are in the crosshairs in a messy U.K. lawsuit involving the former head of Kuwait's social…
UAE developer offers a way out for offplan buyers in distressed projects
A property company has stepped up with offers for buyers holding units in delayed or cancelled offplan projects in the…
Abu Dhabi's NMC Health seeks another $250m in bank funds
Abu Dhabi-based NMC Health’s immediate future now hinges on whether it can raise a further $250 million in debt. …
Al Khaliji net profit rises 2.6% to QR361mn in H1
Al Khaliji Commercial Bank has posted a half-yearly net profit of QR361mn, it was announced yesterday. This represents an…
Qatar among top 10 emerging market sovereign issuers in H1: Moody's
In the first half of the year, Qatar sovereign issuances totalled $10bn; Qatar is currently rated ‘Aa3 stable’ by Moody’s…
Commercial Bank half-yearly net profit tops QR901mn
As a leading Qatari lender, Commercial Bank is committed to providing world-class solutions to the private sector while supporting the…
Saudi financial services key to supporting economy, businesses: experts
The financial services sector in Saudi Arabia has been vital in supporting SMEs and the economy as the kingdom recovers…
Mideast sovereign investors hunt for bargains in Europe
Middle East sovereign investors have piled into European companies in the wake of the coronavirus disease (COVID-19) pandemic, according to…