EGBANK signs $20m loan agreement to finance SMEs
EGBANK has signed a loan agreement with the European Investment Bank (EIB) to receive a $20m loan to finance small…
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Top 10 banks in Saudi Arabia
Reflecting the lagged effect of the lower oil prices in 2015, which was maintained in 2016, economic growth across the…
EFG Hermes opens Pakistan office
EFG Hermes, the leading financial services corporation in the Middle East and North Africa, inaugurated its office in Pakistan, making…
Tehran, Muscat after stronger banking ties
In a bid to boost bilateral banking relations, Iran and Oman have reached a number of agreements including connection of…
Region's family businesses well prepared for disruptions
Nearly half (46) per cent of next generation of leaders of family-owned businesses expect that the market in which they…
Gulf bidders emerge for UAE's UASC-linked shipping unit – sources
Gulf-based bidders have emerged for the part-owned subsidiary of United Arab Shipping Company whose sale is key to finalising the…
Oman revises pricing for seven-year US dollar sukuk
The Sultanate of Oman has revised pricing for a seven-year US dollar benchmark-sized sukuk offering to 250bp area over mid-swaps,…
Bahrain's Al Baraka Banking gets orders in excess of $1bln for dollar sukuk- lead
Bahrain's Al Baraka Banking Group has received orders in excess of $1 billion for its planned U.S. dollar-denominated sukuk, a…
Saudi, UAE pledge $100m to Ivanka's women's fund
Saudi Arabia and the United Arab Emirates have pledged $100-million R1.3billion) to a women's business fund supported by Ivanka Trump,…
KIB wins ‘Best Change Management’ award – Award reaffirms role bank plays in supporting national economy: El Saka
Kuwait International Bank was recently awarded “Best Change Management — Kuwait” by The Banker Middle East; an organization specializing in…
HSBC Qatar picks up three honours at Euromoney awards
HSBC received three major awards at the annual ‘Euromoney Awards for Excellence’ event held in Dubai recently. HSBC was…
EFG Hermes acquires Pakistani brokerage Invest and Finance Securities, inaugurates Pakistan office
EFG Hermes inaugurated its office in Karachi, Pakistan on Monday, following the firm’s acquisition of Pakistani brokerage Invest and Finance…