02/19/2020
Bahrain's GFH buys 70% stake in Dubai Fintech major Marshal
Dubai-headquartered Marshal, established in 1981, is the largest and oldest enabler of payment technology in the Middle East
Investment Bank
02/18/2020
StanChart betting big on Shariah-based banking
Bangladesh is a key focus for its large Muslim population
02/13/2020
Bahrain's GFH reports Q4 profit drop as impairment charges climb
The bank’s full-year 2019 profit also declined 29.8 per cent to $80.1m
02/06/2020
HSBC launches Jade, a special bank account for millionaires
UAE’s millionaires among the youngest around the world
02/05/2020
Egypt to sell stake of Bank of Cairo
Country has plans to offer stakes of several state-owned companies in the stock exchange.
01/31/2020
Kuwait plans to lay off 25,000 expatriates, replace them with citizens
"There is a plan to set a timeline to prioritise appointing Kuwaiti women's children in various state bodies."
01/29/2020
Standard Chartered strengthens UAE footprint with new office in Abu Dhabi Global Market
The newly opened office will serve as an important touchpoint for enterprises that are looking to access a wide variety of financial services offered by Standard Chartered.
01/27/2020
NI Capital wins “Fastest Growing Investment Banking Advisory Firm
For the Second Consecutive Year NI Capital Emerges as "Fastest Growing"
01/16/2020
Mohammed bin Rashid meets chairman of HSBC
Sheikh Mohammed said that the bank played key role in promoting business in the UAE and Dubai
01/15/2020
BNP, Citigroup among most exposed in Mideast’s biggest default
They are among global banks with the most exposure to about $14b
01/14/2020
Egypt's Beltone to sell stake in brokerage Auerbach in 2020
Beltone reported losses of 14.3 million Egyptian pounds ($900,000) in 2017, 82.4 million pounds in 2018 and 66.5 million pounds in the first nine months of 2019.
01/13/2020
HSBC voted top trade finance bank in Middle East as digital investment yields results
"As the world's leading trade finance bank, HSBC is investing in digital to transform trade and enhance customer experience," said Sunil Veetil, Head of Global Trade and Receivables Finance for HSBC in the Middle East, North Africa and Turk
01/10/2020
Steady expansion in banks' financial position: healthy growth in money supply, thanks to positive nominal GDP outlook: Beltone
Beltone analysts expect Commercial International Bank and Qatar National Bank Al Ahli to enlarge their retail low cost deposits faster than other banks under their coverage as management philosophy shifts to cost of funding optimization.
01/07/2020
BNY Mellon ramps up drive to innovate in the Middle East with new office
The principal representative for BNY Mellon’s new ADGM office is Anthony Habis, who is also head of client management, Middle East and Africa and regional head for MEA at BNY Mellon.
12/25/2019
Turkey's İş Bank, China's AliPay expand cooperation on payment systems
The new collaboration will further enable member businesses to quickly and safely provide admission services to Chinese consumers while achieving higher shopping volumes.
12/16/2019
NBK 2019 CSR initiatives: A Significant Approach to Sustainability
NBK considers sustainability an integral part of our success as a bank.
12/11/2019
US investment bank Stifel announces opening of Israel office
The Israel office, Raymond said, will enable Stifel to provide improved service and execution to clients operating in Israel or active in the Israeli market.
12/03/2019
Saxo Bank 2020 Outrageous Predictions
With a popular mandate and strong majority in Parliament, Boris Johnson is in stronger position than ever to come back to the negotiating table in Brussels.
12/03/2019
Arqaam Shuts South African Office as Brokers Cut Coverage
Macquarie is busy closing down its cash-equities business
11/22/2019
Emirates NBD rights issue draws $4.9bn
The net proceeds raised from the rights issue will be used to strengthen Emirates NBD’s capital base and to support future growth of the business.