financial services


Coronavirus, Low Oil Prices Set To Speed Up Gulf Bank Mergers

Middle East Business News - Published date: .

Moody's Investors Service says financial concerns in the region will play a larger role in encouraging deals Read more

Credit Agricole Exits Saudi Arabia With $386m Fransi Sale

Middle East Business News - Published date: .

About 48.3m shares were sold at 30 riyals each as the stock closed at 32.20 riyals on Sunday Read more

CEO Of UAE Digital Finance Firm Deem To Step Down

Middle East Business News - Published date: .

Chris J de Bruin informs board of directors of his plans to resign in order to 'pursue other endeavours' Read more

Bank Of Bahrain And Kuwait And Ithmaar Holdings To Discuss Acquisition Plans

Middle East Business News - Published date: .

BBK is exploring the possibility of acquiring the Bahrain operations of Ithmaar Bank Read more

State Street Opens Saudi Office As It Expands Into Middle East

Middle East Business News - Published date: .

The Boston-based financial-services firm is entering Saudi Arabia as part of its plans to boost its presence in the Midd... Read more

Emirates NBD In Talks To Buy Lebanese Bank's Egyptian Business

Middle East Business News - Published date: .

Discussions are ongoing and there is no certainty that a deal will be completed, Dubai-based Emirates NBD said Read more

Shuaa Capital Reports $72m Profit For Q2

Middle East Business News - Published date: .

Shuaa said its operating businesses, asset management and investment banking showed a strong recovery in profitability i... Read more

Byblos Bank Reports First Annual Loss Since 1963

Middle East Business News - Published date: .

'Dramatic factors' in Lebanon blamed for the $122m loss reported for 2019 Read more

First Abu Dhabi Bank Joins Middle East Lenders In Raising Provisions

Middle East Business News - Published date: .

Banks in the Gulf region are raising provisions to offset an expected increase in sour loans due to the twin shock of pl... Read more

Standard Chartered Bank Appoints New Saudi CEO

Middle East Business News - Published date: .

Standard Chartered Bank was awarded the licence to setup a banking branch in Saudi Arabia in 2019 Read more

Mashreq Reports Drop In First-half Profit Amid 'tough Operating Environment'

Middle East Business News - Published date: .

Covid-19 pushed the impairment allowances to increase in the second quarter of 2020 massively affecting half yearly prof... Read more

Survey Reveals Trust In UAE Banks On The Increase

Middle East Business News - Published date: .

UAE banking sector has higher trust rating than US, UK, China, Japan, France and Germany Read more

Finablr's Auditors EY Resign Over List Of 'concerns'

Middle East Business News - Published date: .

Non-executive directors Abdulrahman Basaddiq and Bassam Hage have also resigned Read more

Embattled Finablr-owned Travelex Goes Up For Sale

Middle East Business News - Published date: .

BR Shetty has resigned from the board off Travelex, although he remains in place as chairman and majority stakeholder at... Read more

Finablr Appoints US Investment Bank As Independent Financial Advisor

Middle East Business News - Published date: .

Earlier in April, Finablr also announced that it appointed former Network International CEO Bhairav Trivedi as CEO Read more

Irregularities Found Habib Bank's UAE Operations

Middle East Business News - Published date: .

Employees in some of Habib Bank's UAE branches helped certain customers disguise transactions by issuing pay orders in t... Read more

Starting Your Business With Emirates NBD

Middle East Business News - Published date: .

Emirates NBD has a full range of packages and accounts tailored for any size business Read more

Gulf Islamic Investments: Providing A Diverse Set Of Investment Opportunities

Middle East Business News - Published date: .

Gulf Islamic Investments and its team enjoy a track record of managing $2.8 billion in assets and securing $5.6 billion ... Read more

Standard Chartered Pre-tax Profit Up 16% In Q3

Middle East Business News - Published date: .

The lender said it earned $1.24 billion before tax in July-September, against forecasts for a drop Read more

Abu Dhabi Commercial Bank To Focus On Home Markets

Middle East Business News - Published date: .

Abu Dhabi Commercial Bank combined with local rivals Union National Bank and Al Hilal Bank in May to create the Gulf reg... Read more