08/14/2018
Dubai bank’s Turkish bet just got $1 billion cheaper. And riskier
The lira’s plunge “might trigger a materially adverse clause that would benefit Emirates NBD, creating the possibility of renegotiating the deal,” he said earlier.
Investment Bank
08/09/2018
MENA investment banking fees down for the third year in a row
It compares to a high of $882 million over the same period in 2008 and a low of $259 million in 2011, the report showed.
08/08/2018
GIB continues to strengthen KSA presence
Gulf International Bank (GIB) has announced further progress in the implementation of its expansion strategy to position itself as a pan GCC-universal bank.
08/03/2018
US firm said to pursue Dubai partnership for Middle East deals
Certares’ activities in the Middle East have been largely linked with Qatar
07/30/2018
DIFC boss in drive toward China’s ‘belt and road’
Prominent in the Emirati delegation was Arif Amiri, chief executive of the Dubai International Financial Center (DIFC).
07/20/2018
Egyptian investment bank acquires 100% of Nigeria’s Primera Africa
We have been consistently focusing on ramping up our services in newly-entered markets
07/18/2018
Bank Audi is not merging with Bankmed
Since the global financial crisis in 2008, international and local regulators have become more wary of oversized banks.
07/16/2018
First Abu Dhabi Bank sells Jordan business to Société Générale
All clients, employees and branches of NBAD Jordan will be transferred to the French lender over the coming months
07/12/2018
Euromoney names the world’s best banks in its 2018 Awards for Excellence
Bank of America and Citi win top prizes; Credit Suisse’s Tidjane Thiam is named Banker of the Year; Asian banks make their mark in global awards.
07/04/2018
Bahrain Hires Lazard to Help Fix Finances
The options include raising capital from international markets, one of the people said. Bahrain’s Eurobonds dropped after the report.
07/02/2018
Riyadh-Based GIB Capital wins Best bond house in the Middle East
The Best bond house in the Middle East” at the EMEA Finance’s Middle East Banking Awards 2017.
06/25/2018
JPMorgan to sell stake in Saudi Arabia bank for $203m
Others banks are doubling down on efforts to position themselves for a boom in advisory work
06/15/2018
Turnaround complete, Bank Leumi seeks U.S. expansion
The new leader had a straightforward directive from day one
06/11/2018
Bank of America Merrill Lynch wins multiple awards
Bank of America Merrill Lynch has built a leading banking franchise in the Middle East and has become the advisor of choice for MENA institutions on the back of recent completed transactions
06/08/2018
Natixis to close commodity trade finance desks in Geneva and Dubai
Natixis will refocus its Energy & Natural Resources EMEA CTF activities in Paris on mid-and-large size Commodity Trade Finance clients.
06/05/2018
Societe Generale settles Libor and Libya investigations as analysts cast doubts on potential for Unicredit tie-up
On the Libyan front SocGen last year paid €963m to the Libyan Investment Authority, which had accused it of corruption.
06/04/2018
Abraaj expands role of Houlihan Lokey as creditors circle -sources
The Middle East and Africa’s biggest private equity fund, which denies any wrongdoing, has been seeking a buyer for the unit as it tries to alleviate pressure from investors and creditors.
05/31/2018
‘Deutsche Bank looking to sell stake in Dubai-based Abraaj’
Deutsche Bank declined to comment on the planned stake sale.
05/30/2018
Deutsche Bank cuts 8 equities research positions in Dubai
A Dubai-based spokesman for the bank declined to comment.
05/28/2018
Shuaa Capital aims for Dh100 million profit in 2018
Investment bank obtains Kuwait central bank approval for Amwal takeover