NBAD Appoints Global Head of Merchant Banking
The National Bank of Abu Dhabi (NBAD) has appointed Omar Mehanna as Managing Director and Global Head of Merchant Banking.…
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Saudi's Riyad Bank Q4 net profit up 2.9 pct, beats forecasts
Riyad Bank, Saudi Arabia's third-largest lender by assets, posted a 2.9 percent rise in its fourth-quarter net profit on Sunday,…
Egypt to offer 42 projects to investment banks to launch during Economic Summit
The government has planned approximately 40 investment projects at local investment banks to be offered during the Economic Summit scheduled…
Middle East superwealthy eye superyacht ownership
“According to our latest SYBAss Economic Report, the propensity to buy a superyacht among UHNWIs in the Middle East and…
Al Khaliji appoints Rana Ahmad Al Asaad as Acting Head of Personal Banking
Al Khalij Commercial Bank Q.S.C., next generation bank, has appointed Ms. Rana Ahmad Al Asaad as Acting Head of Personal…
PASHA Bank gains regulatory approval to buy TAIB Yatirim Bank
After filing an initial request back in March last year, PASHA Bank, the Azerbaijani investment bank, has received permission from…
Ugandan university in Islamic banking and finance training partnership
The Dubai-based AlHuda Centre of Islamic Banking and Economics has announced plans to start training bank staff in Uganda in…
First online bank to launch in Saudi Arabia
The launch of the first online bank in Saudi Arabia will be announced on Friday evening, informed sources told Asharq…
Braille forms, audio ATMs to fight fraud under study
Saudi banks are studying the possibility of introducing Braille forms and Automatic Teller Machines (ATMs) with audio instructions to improve…
Turkey's Bank Asya sells Tamweel Africa Holding stake
Turkey's Bank Asya has signed a deal to sell its 40 percent stake in Tamweel Africa Holding to the Islamic…
Investors should stay pessimistic and safe in the coming year
Renewed volatility in global financial markets and the 50 per cent crash in the oil price will not have been…
UAE stocks regulator weighs stricter reporting measures
The Securities and Commodities Authority is considering reducing the grace period that corporates will have to disclose their annual financial…