- The Middle East Banking News Network -Wealth, private banking and asset management news and opinion

Turnaround complete, Bank Leumi seeks U.S. expansion

The new leader had a straightforward directive from day one

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

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.

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.

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.

‘Deutsche Bank looking to sell stake in Dubai-based Abraaj’

Deutsche Bank declined to comment on the planned stake sale.

Deutsche Bank cuts 8 equities research positions in Dubai

A Dubai-based spokesman for the bank declined to comment.

Shuaa Capital aims for Dh100 million profit in 2018

Investment bank obtains Kuwait central bank approval for Amwal takeover

SABB named 'Best Supply Chain Finance Bank in Middle East'

This award adds to SABB’s strong track record and confirms its position as the leader in trade finance provider in the Kingdom.

Foreign investment in Turkish banking sector continues with Denizbank's sale to UAE's NBD for $3.2 billion

The Turkish banking sector has drawn a significant amount of foreign investments and the latest example is the sale of Denizbank to the UAE-based lender NBD

Alawwal and Saudi British Bank merger pricing credit positive

The agreement on pricing and the merger are credit positive for Alawwal bank because it will strengthen and diversify its business and support overall credit profile

UBS: Investment Bank Staff Carousel Turns

At the same time UBS is tapping rivals for key staff as well.

Emirates NBD partners with top fintech platform

Launched in 2017, CCRManager is a digital trade finance platform that connects various banks and financial institutions to originate and distribute trade assets.

HSBC to Cement Lead in Saudi Arabia With $5 Billion Bank Merger

Deal is kingdom’s first bank combination for almost 20 years

Bank ABC Announces First Quarter 2018 Net Profit of $53 Million

Our strategic priorities on our Wholesale Banking transformation, our digital bank rollout and our organisational health continue to progress and underpin the improving trend on our financial performance.

Emirates Development Bank approves Dh50m fund for start-ups

Fund aims to support start-ups whose ownership is over 51% Emirati

Global distributes $32m to its clients investing in its equity fund GMFA

With this distribution, the total amount distributed to clients investing in GMFA reached $141 million and total amount distributed by the private equity asset management team reached $612 million to funds’ investors since inception.

Emirates Investment Bank reports financial results for the first quarter of 2018

Net profit down 9.5% to AED 15.00 million (Q1 2017: AED 16.57 million)

ABN Amro to close Dubai office amid thin business for Dutch lender

The bank plans to transfer some of its international commodities business clients to Amsterdam

Ebdaa Bank - Bahrain Attends "Middle East Investment Conference" in Cairo

He considered that SMEs’ success shouldn’t be measured through the number of loans or beneficiaries, however in loans returns and profit and in measuring the number of projects that have already been able to grow bigger without external suppor