BLOM Bank Egypt increases capital to $190mln
Egypt’s general assembly has agreed to increase the bank’s issued and paid capital by EGP 1bn, meaning its capital now…
Uncategorized
47651 articles found
UAE banking sector resilient because of government support
Resilience - this was the key word and highlight of the UAE banking sector outlook report that was released at…
BNP Paribas activates emergency support plan in Bahrain in response to global health crisis
100,000 EUR will be donated to Bahrain’s national campaign against the coronavirus pandemic BNP Paribas and its subsidiaries around the…
$7bln Saudi bond sale oversubscribed – MoF
Saudi Arabia’s Ministry of Finance announced that the kingdom’s bond sale to raise $7 billion has been heavily oversubscribed. …
Finance minister: Saudi Arabia facing current global crisis from position of strength
Saudi Finance Minister Mohammed Al-Jadaan said the Kingdom was facing the current global crisis from a position of strength, the…
Qatar government debt ‘mitigated’ by ‘credible’ currency peg: Moody’s
Qatar’s high government debt and a relatively high share of foreign-currency debt is “mitigated by a credible” currency peg to…
Dubai businesses seek rental relief from private landlords
The government backed entities have offered up to three months of rental relief to their retail clients due to slump…
Abu Dhabi Government ties up with banks to expand SME financing
Abu Dhabi’s department of finance has joined hands with three of the emirate’s top lenders to expand the SME Credit…
Mashreq Bank’s first quarter profit slides amid coronavirus pandemic
Mashreq Bank, the Dubai lender controlled by the Al Ghurair family, reported a 28 per cent drop in its first-quarter…
UAE banks told not to terminate Emiratis or cut their salaries due to coronavirus
The UAE Central Bank has postponed Emiratisation target in the financial sector for 2020 and also asked banks not to…
Mena's first quarter Investment banking fees climb 11% boosted by M&A deals
Fees earned by investment banks operating in the Middle East and North Africa climbed 11 per cent year-on-year in the…
Trade Bank of Iraq announces $3bn capital boost
Trade Bank of Iraq has announced a major hike in its capital for 2020 which has risen to $3 billion…