08/14/2019
Shuaa reports Dh31.6m loss in second quarter
Investment bank's profit dented by higher merger costs and impairments on legacy investments
Investment Bank
08/04/2019
Doha Bank wins 2 awards at ‘Asian Banking and Finance Awards 2019’
Doha Bank Singapore chief representative officer Ivan Lew received the two awards during a ceremony held recently by the Asian Banking and Finance (ABF) Awards at the Shangri-La Hotel, Singapore.
08/04/2019
SICO reports BD 2.9 million net profit in the first half of 2019.
Net operating income grew 26% to BD 7.6 million in the first half of 2019 compared to the BD 6.0 million achieved in the corresponding period last year
07/24/2019
EIB to halt Turkey government-linked lending till year-end
The EIB, which is Turkey’s biggest single lender, has spent between 0.4 billion euros ($446 million) and 2.2 billion euros ($2.45 billion) a year in the country over the last three years, while nothing has been invested so far in 2019.
07/22/2019
EFG Hermes plans to list four firms in Egypt in 2019
Investment bank reported a strong set of results in the first quarter of the year
07/18/2019
Goldman Sachs says Lebanon’s Eurobonds undervalued
This positive assessment could reflect positively on the performance of Lebanon’s Eurobonds in the international markets.
07/16/2019
Pharos Investment Banking acts as the exclusive sell-side advisor to the shareholders of Spinneys Egypt
Pharos acted as the exclusive sell-side advisor to the selling shareholders of Spinneys Egypt
07/16/2019
HSBC grabs bigger piece of investment banking fees in Mena
The region’s equity capital markets fees decreased a significant 64.8 percent to $24m, a 10-year low.
07/14/2019
Global concludes majority exit from JTC
JTC, which celebrates its 40th year of operations in 2019, has significantly expanded its capabilities in all its business segments in recent years.
07/14/2019
Shuaa shareholders approve ADFG tie-up
Shareholders gave green light on Thursday for deal which creates enlarged group with 380 employees
07/11/2019
Invest Bank sees Dh106m loss in first quarter
Bank says Sharjah government will underwrite Dh785m rights issue later in 2019
07/11/2019
HSBC launches issuer services in the UAE and Egypt
In a statement, HSBC said that the addition of UAE and Egypt to the HSBC network brings the number of countries the business operates to 15.
07/10/2019
Deutsche Bank says 'too early' to know about MidEast job cuts
A UAE-based spokesperson told Arabian Business “it is too early” to comment on how the job cuts would impact the Middle East operations and that the bank would not be disclosing a regional breakdown of job losses
07/08/2019
2019 has been 'a pretty good year', says StanChart MENA CEO
Sunil Kaushal says Standard Chartered has seen very strong growth this year
07/05/2019
Softbank plans to invest $2-4 b more in India in 2 years
The Japanese company will help portfolio companies form joint ventures with Indian firms.
07/03/2019
Egypt United Bank Stake Sale Advances as Advisers Bid for Role
The years-long drive to sell part of United Bank could be a bellwether for investment prospects in the Arab world’s most populous country, which is seeking to draw in interest beyond its oil and gas industry.
07/02/2019
NBK Capital wins ‘Best Investment Bank in Kuwait’ at 2019 Euromoney Awards
Euromoney highlights NBK Capital’s business model of customer satisfaction
07/01/2019
SICO Named Best Investment Bank in Bahrain
The Euromoney Middle East Awards for Excellence are held annually to recognize banks with a demonstrated capacity to exceptionally deliver to their clients’ needs and evolve to meet market conditions and regulatory changes.
07/01/2019
HSBC Bank Oman wins Best Investment Bank Award from Euromoney
The bank was praised for excellence in terms of quality of service and performance as well as having the most comprehensive investment banking product offering in the market.
06/27/2019
Euromoney Middle East Awards for Excellence 2019 winners revealed
Arab Bank named Middle East’s best bank in Euromoney Awards for Excellence 2019; EFG Hermes scoops regional investment banking award; Accad recognised for outstanding contribution to finance.