Emirates NBD frontrunner to buy BNP Paribas' Egypt arm-sources

Emirates NBD ENBD.DU, Dubai's largest bank, has emerged as the frontrunner to buy BNP Paribas' (BNPP.PA) Egyptian retail business, three sources familiar with the matter said, in a deal likely to raise $400-500 million for the French lender.


BBK launches Al Wajaha banking service

Al Wajaha customers will have access to dedicated relationship managers and the luxurious Majlis Al Wajaha, a comfortable and private in-branch service area exclusively dedicated to them.


Growth prospects fuel Gulf banks' capital-raising push

The contrast means the Gulf banks are likely to be able to raise money cheaply and relatively easily, helping them compete as they move into markets overseas and challenge some of the big international institutions.