01/15/2021
Saudi Arabia generates $382.9m in investment banking fees
Total fees across region fall 12% to $1.2bn amid pandemic slowdown
Investment Bank
01/14/2021
First Lebanese banking merger since 2019 agreed as capital pressures rise
Bank Audi says it is merging the local business operations of Audi Private Bank and Audi Investment Bank into its business
01/12/2021
Japan's largest brokerage said to close more offices in the Gulf
After announcing Saudi exit, Nomura Holdings is reportedly set to close offices in Bahrain and Qatar
01/11/2021
Credit Suisse opens branch in Riyadh in Saudi push
Credit Suisse has had a presence in the Middle East since 1967 and has been operating in Saudi Arabia since 2005
01/06/2021
Bank Audi absorbs private and investment subsidiaries
Merger eliminates duplication and reduces operating expenses
01/05/2021
Virgin Mobile signs up with Saudi bank to launch mobile-based financial services
Ties up with Saudi Investment Bank to expand access to customer base in key market
12/29/2020
Sico wins top Global Investor Group Mena awards
The bank’s Khaleej Equity Fund witnessed an increase of 2.5% versus a 3.8% decrease in its benchmark while the Sico Kingdom Equity Fund saw an increase of 2.6% versus a decrease of 0.6% in its benchmark.
12/20/2020
Sico to acquire majority stake in Muscat Capital
This would result in Bank Muscat owning 9% shareholding in Sico, amounting to a total of 38,563,894shares, upon completion of the transaction.
12/17/2020
NatWest Markets and Santander sell shares in Saudi British Bank
Citigroup Saudi Arabia and Goldman Sachs Saudi Arabia acted as joint bookrunners and joint brokers on the transaction.
12/11/2020
BNY Mellon Wins Global Custodian of the Year at the Global Investor MENA Awards
This recognition underscores the breadth and depth of our asset servicing solutions and capabilities in the region, and our ability to support clients’ evolving needs.
12/04/2020
Jordan inks USD314.63m credit with European Investment Bank
The report stated "The implementation of these projects will improve the resilience of the water supply sector and support adaptation to climate change, as well as creating jobs during both the construction phase and the operation of the facilities&a
12/01/2020
Investment banks stick with Gulf despite falling fees
Drop in receipts belies opportunities, bankers say
11/03/2020
Ralph Hamers' First Task: Expansion to Qatar
The country is one of the world’s largest producers of liquid gas, which made Qatar extremely wealthy.
10/28/2020
UAE's largest bank sees profits dip amid 'unprecedented' market conditions
First Abu Dhabi Bank CEO says lender has delivered 'resilient' performance so far in 2020
10/13/2020
Qatar's economic fundamentals show country 'primed' for future growth: HSBC regional chief
The monetary policy response to Covid-19 meanwhile has provided broad support to both the private and public sectors.
10/08/2020
Standard Chartered Bank fires its employees in the Emirates
The job cuts will be in the bank’s retail and global banking division, Bloomberg cited two sources familiar with the matter.
10/08/2020
BNY Mellon Expands in Saudi Arabia, Partners With NCB Capital
Through this partnership, the bank is seeking institutional investors in Saudi Arabia for its “global custody and associated asset-servicing activities.
10/02/2020
The Banker's Investment Banking Awards, 2020
Banks that have shown tenacity and determination to keep going and drive through deals within the most challenging of circumstances have come out on top in The Banker’s Investment Banking Awards for 2020.
10/02/2020
Top banks set climate targets for loans and investments
The consortium is now zeroing in on how financial firms should change their lending and investing activities.
10/01/2020
GFH holds Ordinary General meeting of shareholders
The assembly has also elected A new ten person Board for the next three- year period