2019 a challenging year for Middle Eastern economies: report
The Middle Eastern economy is expected to slow down from an estimated 1.5% last year to about 0.6% in 2019,…
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Emirates NBD plans further expansion in KSA
Emirates NBD has announced plans for further expansion in The Kingdom of Saudi Arabia following approval from SAMA (The Saudi…
New senior-level appointments continue to bolster Doha Bank’s executive management strength
To reassert its commitment to provide customers with state-of-the-art services and as part of the ongoing transformation journey, Doha Bank…
Ithmaar Bank earns prestigious regional award for its personal finance offerings
Ithmaar Bank was named “Best Bank for Personal Finance in Bahrain” by the World Union of Arab Bankers (WUAB) at…
Ken Costa looks to Saudi Arabia for next big deal
When UK chancellor Philip Hammond flew to Saudi Arabia this month to discuss business relations between the two nations, he…
Mashreq posts Dh1.2 billion H1 net profit
Mashreq on Sunday posted Dh1.2 billion net profits for the first half of 2019, up 5.2 per cent compared to…
EFG Hermes plans to list four firms in Egypt in 2019
Egypt’s leading investment bank EFG-Hermes is preparing to manage four IPOs before the end of the year. "We are…
Boubyan Bank to climb 20 percent in revenue
Revenue of Kuwait-based Boubyan Bank was revealed by reports circulating the media to be forecast to see a 20 percent…
ADIB and Al Baraka sign MoU to expand network
Abu Dhabi Islamic Bank and Al Baraka Banking Group on Sunday announced that they have signed a memorandum of understanding …
DIFC's new insolvency law to provide firms better survival chance
The new Dubai International Financial Centre insolvency law that came into force on June 13 has many similarities with the…
CMA grants KAMCO and global approval on draft merger contract
KAMCO Investment Company and Global Investment House has announced that they have received the Capital Markets Authority’s approval on the…
U.S. hedge fund holds talks with Dubai-based Bin Zayed Group over £300m Newcastle FC purchase
An American hedge fund backed by Japanese investment giant SoftBank has been holding talks with the Dubai-based Bin Zayed Group…