Saudi's Fawaz Alhokair closes in on loan for $1.1 bln Arab Bank stake buy -sources
Saudi Arabia's Fawaz Alhokair family aims to secure funding by next week to buy Saudi Oger's 20.93 percent stake in…
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HSBC Subsidiary to Sell Lebanon Business Arm to Blom Bank
HSBC Holdings plc HSBC announced that its indirect wholly owned subsidiary, HSBC Bank Middle East Limited, has agreed to sell…
GCC banks eyeing Africa for new opportunities
The larger local banks in the GCC are approaching saturation in their home market and are starting to venture out…
Citi expects strong growth in Middle East investment banking business in 2017
Capital markets activity, particularly debt issuance and mergers and acquisitions are expected to pick up pace in the Gulf Cooperation…
KFH first Islamic bank in region implements full automated in treasury dealing activity
Kuwait Finance House constantly endeavors to enhance its systems by deploying innovative solutions, offering world class services and products in…
ADCorp appoints Talal Al Zain as the Chief Executive Officer
Abu Dhabi Financial Group and GFH Financial Group today announced the appointment of Mr. Talal Al Zain as the Chief…
Governance structures of Islamic finance needs fine tuning
Islamic financial institutions’ business activities must comply with Islamic law (Sharia). Rating agency Standard & Poor’s believe that in…
Abu Dhabi banks deny merger talks, shares fall
Three Abu Dhabi banks denied they were in merger talks on Sunday, sending their share prices lower as investor hopes…
Central Bank of Bahrain could issue ban on additional fees for credit card owners
The Central Bank of Bahrain could be allowed to ban the charging of additional fees on the transactions of credit…
Standard Chartered named The Best Regional Consumer Digital Bank for Middle East & Africa for the fifth consecutive year
Standard Chartered Bank has been named The Best Regional Consumer Digital Bank for Middle East & Africa by Global Finance…
Emirates NBD launches virtual assistant for banking
Emirates NBD announced that it will soon debut “EVA”, the region’s first intelligent voice based and chatbot virtual assistant for…
GCC banks look to Africa
Larger GGC banks are looking at Africa for new business opportunities, according to EY’s GCC Wealth and Asset Management Report…