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