Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites
The worst is yet to come for Lebanon’s banks. The old-style way of running the economy – attracting capital…
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Kuwait's Boubyan Bank to sell $750 mln 5-yr sukuk
Kuwait’s Boubyan Bank plans to sell $750 million in five-year sukuk, or Islamic bonds, at 120 basis points (bps) over…
International Media Investments appoints Chief Executive Officer
International Media Investments has announced the appointment of Nart Bouran as Chief Executive Officer effective March 8, 2020. IMI…
Extreme Networks doubles its investments in the Middle East
Extreme Networks has announced the expansion of its operations and investments in the Middle East. Following the recent appointment of…
DIFC Welcomes Maybank
Dear DIFC Community, Maybank Islamic Berhad (Maybank Islamic), the largest Islamic Bank in Malaysia and the ASEAN region by…
Team EFG Bank wins Sailing Arabia – The Tour in Oman
Team EFG Bank, made up of Olympian Sofian Bouvet, fellow Frenchman Gaulthier Germain, and rising Omani star Ali al Balushi,…
Emirates Investment Bank hires ex-Al Rajhi Capital boss as new CEO
Emirates Investment Bank has announced the appointment of Gaurav B Shah as its new CEO. Shah brings over 20…
Innoveo appoints Head of Sales for EMEA
Henk Hamers, Vice President, Head of Sales EMEA, is a highly accomplished international executive with an award-winning track record of…
Kamco Invest appoints managing director for markets and investment banking
Kuwait’s Kamco Invest, a non-banking financial powerhouse, has appointed Abdullah Al Sharekh as Managing Director of Markets and Investment Banking…
Egypt- Fawry, Banque Misr launch digital loyalty programme
Fawry, e-payment solutions company, signed an agreement with Banque Misr on Sunday, to provide a digital loyalty programme for the…
CBI maintained a steady AED 111 million net profit in 2019
Commercial Bank International has announced its Q4 2019 and full year 2019 financial results. Q4 2019 and FY 2019…
Oman: Measures to encourage foreign investment
The authorities have started evaluating foreign investments for approval in setting up 100% foreign owned companies in Oman under the…