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