Bank Hapoalim: US tax settlement may be higher than $200m estimate
Israel’s Bank Hapoalim says the settlement of a tax probe by US authorities may be “significantly higher” than the $200m…
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Mashreq launches Neo digital bank for millennials
Dubai-based Mashreq has confirmed its future as a branchless bank, with the launch of its digital entity Mashreq Neo. …
GoCompare makes first overseas investment in Middle East with Dubai-based comparison site
Price comparison site GoCompare has announced its first overseas investment with the acquisition of a stake in a Middle Eastern…
Half of Iran's banks should close or merge, top banker says
The number of banks in Iran should at least halve over the next six years, with closures and mergers needed…
Exit planning and M&A priority for GCC businesses”: Expert
Specialist corporate finance firm Lumina Capital Advisers Ltd, which provides services related to M&A, equity capital, debt advisory and infrastructure…
Bank Aljazira Wins The Race For The First Blockchain Use Case In Saudi Arabia With Its Blockchain Ewallet
Bank Aljazira in its continued effort to provide its clients with outstanding services while protecting clients information to prevent fraud,…
Turkish banks' net profit up over 25 pct in Jan-Aug
Turkey’s banking sector received 33.28 billion Turkish liras ($9.68 billion) net profit between January and August this year, according to…
Middle Eastern banks tap international loan market for first time
Middle Eastern banks are diversifying their funding portfolios by entering the international syndicated loan market for the first time. …
Saudi market regulator loosens asset management rules
Saudi Arabia’s markets regulator loosened its rules for licensing asset management and other investment firms on Sunday, according to a…
Qatari economy set to continue strong momentum
After the initial wobble, Qatari economy is fast adjusting to the impacts of capricious blockade imposed on it by the…
JPMorgan appoints Vis Raghavan as EMEA CEO
JPMorgan has appointed Vis Raghavan as chief executive of its Europe, Middle East and Africa business, according to a memo…
Falcon Group: Strategic repositioning centred around new digital capabilities
Falcon Group introduces a strategic repositioning, along with a new brand appearance that marks the strong commitment to a digitally…