All News Under "Banking" RSS ATOM

Abu Dhabi's ADFG, SHUAA Capital Complete Merger With Capital Increase

Banking - Published date: .

SHUAA Capital has completed its merger with Abu Dhabi Financial Group (ADFG) and increased its authorised capital from ... Read more

ADNOC Closes Partnership Agreements With Eni, OMV In Refining And Trading

Banking - Published date: .

The Abu Dhabi National Oil Company (ADNOC) has closed its equity partnership with Italy’s oil and Austria-based OMV, ... Read more

Turkish Airlines Plans To Acquire HNAs Virgin Australia Stake

Banking - Published date: .

Turkish Airlines is interested in HNA Group’s minority stake in Virgin Australia Holdings as it seeks growth in the A... Read more

Turkish Miner Mulls $250 Million Sukuk Issuance

Banking - Published date: .

Turkey’s Eti Krom has hired JPMorgan Chase & Co. to raise $250 million from debut US dollar-denominated Islamic b... Read more

Saudi Binladin Group Seeks Adviser For Debt Restructuring

Banking - Published date: .

The Saudi Binladin Group is seeking a financial adviser for a restructuring of the group's debt, which is estimated t... Read more

Egypt's Fawry Raises $22 Million In Private Placing Ahead Of IPO

Banking - Published date: .

Egypt’s Fawry has raised about EGP 360 million ($22 million) in a heavily over-subscribed private share placing ahead... Read more

Emirates NBD Completes Acquisition Denizbank

Banking - Published date: .

Emirates NBD has completed the acquisition of Sberbank’s 99.85 per cent stake in Denizbank. Hesham Abdulla Al Qassim... Read more

Saudi Arabias PIF Leads $550 Million Investment In UK Start-up Babylon

Banking - Published date: .

UK-based Babylon Healthcare Services, the fast-growing mobile medical consultation service, has secured $550 million in... Read more

The Fall Of Abraaj Wrecked Private Equity For The Middle East

Banking - Published date: .

The downfall of Abraaj Group did not just kill the private equity firm Arif Naqvi built in Dubai, but it ruined the ... Read more

UAE, Saudi Arabia And Bahrain Cut Rates Following Fed's Decision

Banking - Published date: .

The Saudi Arabia Monetary Authority (SAMA), the Central Bank of the UAE (CBUAE) and the Central Bank of Bahrain (CBB) a... Read more

Oman Considers Delaying VAT To 2021 Amid Sluggish Growth

Banking - Published date: .

Oman is considering introducing VAT in 2021, further delaying a fiscal consolidation measure that economists say could ... Read more

NBB Commences Due Diligence To Acquire A Stake In BisB

Banking - Published date: .

The National Bank of Bahrain (NBB) has announced that it has revived interest in buying BisB’s issued shares, adding ... Read more

DIFC, Mashreq Bank And Norbloc Partner To Launch KYC Data-sharing Consortium

Banking - Published date: .

The Dubai International Financial Centre (DIFC) together with Mashreq Bank and norbloc have partnered to launch the reg... Read more

Lebanon's $900 Million Budget Fix Masks Risks As Arrears Pile Up

Banking - Published date: .

The Lebanese government is deferring payments to contractors and public entities, improving the budget numbers but enda... Read more

Iraqi Banking Sector Under-developed, Fundamentally Weak

Banking - Published date: .

Fitch said that Iraq’s banking sector is under-developed and fundamentally weak, therefore the lenders are not able t... Read more