Egypt's Banque Misr hires Citi for $500 million loan: sources
Banque Misr, Egypt’s second largest bank, has mandated Citigroup (C.N) to arrange a $500 million syndicated loan, banking sources said,…
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HSBC’s Saudi unit to buy RBS venture in $5b stock deal
HSBC Holding Plc’s Saudi Arabia unit offered to pay a 29 per cent premium to acquire Royal Bank of Scotland…
Red Alert at Falcon Private Bank
A reputation in tatters, mounting losses, staff that are taking their leave and most recently rumors of an impending sale…
Emirates NBD partners with top fintech platform
Emirates NBD, a leading financial institution in the region, has joined the rapidly growing community of members on CCRManager, a…
HSBC to Cement Lead in Saudi Arabia With $5 Billion Bank Merger
HSBC Holdings Plc is set to reaffirm its position in Saudi Arabia with the takeover of Royal Bank of Scotland…
Burgan Bank recognized as one of the Best ‘Regional Problem Solvers’
Burgan Bank, a dynamic and progressive Kuwaiti bank, was recently awarded one of the best ‘Regional Problem Solver’ awards in…
SAAB And Alawwal Bank’s Merger To Create Third-Largest Listed Bank In Saudi Arabia
After a year of talks, Saudi British Bank and Alawwal Bank have reached a preliminary, non-binding agreement to merge through…
Qatar bank assets rise 8.8% to $383.2bn in March: QNB
Banking assets in the country have grown 8.8% year-on-year (y-o-y) to $383.2bn in March, QNB has said in its Qatar…
Qatari investments in Turkey expand to new realms
Despite the economic blockade, Qatar’s economic growth will continue with the same pace, or even faster, as the country has…
Philippine President Rodrigo Duterte lifts ban on Filipinos working in Kuwait
Philippine President Rodrigo Duterte ordered on Wednesday the “total” lifting of a ban on Filipinos working in Kuwait after the…
Kuwait’s investment firm seeks SBP’s approval to sell its holdings in Meezan Bank
In a bid to rebalance its investment portfolio, the Noor Financial Investment Company (Noor), a publicly listed company in Kuwait,…
Noor Bank’s $500m sukuk listed on Nasdaq Dubai
Nasdaq Dubai has listed a $500 million sukuk of Noor Bank, one of the leading Shari’a compliant banks in the…