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Saudi Arabia hired HSBC Holdings banker Rayyan Nagadi to set up a privatization unit at the ministry of financ...
Emirates NBD reported a better-than-expected increase in full-year profit as lending rose and loan loss charge...
Bandhan Bank Ltd., India’s newest lender, will combine with mortgage financier Gruh Finance Ltd. in a $11.7 bi...
Saudi Arabian banks may report double-digit earnings growth this year as rising interest rates and increased g...
National Commercial Bank and Riyad Bank are seeking advisers for a potential merger that would create the Gulf...
Emirates NBD PJSC posted a 16 percent increase in third-quarter profit, topping analyst estimates, as the biggest bank in Dubai benefited from higher interest income. Net income rose to 2.64... Read more
Usman Ahmed, Citi’s CEO for Bahrain, Kuwait and Qatar, discusses Bahrain’s importance as a banking hub As Citi heads into its 50th year of operations in Bahrain, a key Saudi ally, Usma... Read more
Turkey announced a plan to monitor banks’ health, while stopping short of laying out measures to alleviate worries about a bad-loan burden. Future policies “will help the banking sector to s... Read more
Ahmad Hamad Algosaibi & Brothers Co. will seek to prevent Arab National Bank and another lender from claiming assets of the Saudi Arabian company to settle outstanding loans, according t... Read more
Standard Chartered has named Rola Abu Manneh as its new CEO in the UAE. Abu Manneh succeeds Julian Wynter, who will be retiring following 26 years of service at Standard Chartered. Abu Manne... Read more
Lloyd’s of London named John Neal as its new chief executive officer, succeeding Inga Beale at the helm of the world’s oldest and biggest insurance market. Neal, who used to run Australia’s... Read more
A potential three-way bank merger in the United Arab Emirates is boosting the stock of a lender that’s not even involved in the deal: Abu Dhabi Islamic Bank PJSC. ADIB’s shares climbed in hi... Read more
Abu Dhabi is engineering a second bank merger in its latest attempt to stay competitive in the era of lower oil prices. Three of its state-linked banks are in talks to combine into an instit... Read more
Bonds of Turkish banks plunged deeper into stressed territory as the lira’s 45 percent slump this year makes it more costly for lenders to repay dollar debts. Nine bonds issued by Turkish ba... Read more
On the face of it, Emirates NBD PJSC’s acquisition of Turkey’s Denizbank AS has become about $1 billion cheaper. Still, the deal could prove to be the riskiest yet for Dubai’s biggest bank.... Read more
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