Banking & Finance




GIB reports H1 profit of $42m

Sun, Aug 14, 2016

Gulf International Bank (GIB) made a net profit of $41.7 million for the six months of 2016, compared to $47.3 million over the same period last ye ...

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Saudi reforms to benefit economy, says UBS

Thu, Jul 28, 2016

Saudi Arabia current fiscal measures should help ensure ab /bsustainable economic future for the kingdom in the medium term, according to a UBS ...

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Asset manager’s portfolio grows to $9.6bn

Wed, Jul 13, 2016

Zurich-based Fisch Asset Managent, which recently entered the Middle East on the back of increased investor appetite for bonds, said it has boost ...

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FGB, NBAD merge to create largest Mena bank

Sun, Jul 3, 2016

Two Abu Dhabi-based banks have announced a merger that would create the largest bank in the Middle East and North Africa (Mena) region. sp ...

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GIB given ‘stable’ outlook

Wed, Jun 29, 2016

Capital Intelligence Ratings has affirmed Gulf International Bank's (GIB) long-term foreign currency rating at A+ and the short-term foreign curren ...

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BSF sponsors trade finance summit

Mon, Jun 27, 2016

Banque Saudi Fransi (BSF) will once again sponsor the upcoming Saudi Trade Finance (STF) Summit, which will be held in Jeddah later this year. ...

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Brexit a wake-up call to reform

Sun, Jun 26, 2016

The decision by UK voters to leave the European Union (EU) reflects a rising discontent in the west with established political institutions, which ...

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Societe Generale wraps up Kleinwort Benson deal

Tue, Jun 7, 2016

Societe Generale has completed the acquisition of Kleinwort Benson in the UK and Kleinwort Benson Channel Islands Holdings from Oddo & Cie. ...

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Emirates NBD ‘honoured’ by awards

Mon, May 23, 2016

Emirates NBD says it is honoured to have won four awards at the recent Banker Middle East Industry Awards in the UAE. The local bank was vo ...

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Gulf Capital wins award

Sun, May 15, 2016

Gulf Capital was named the ‘Best Alternative Investment Firm’ in the Middle East at the Banker Middle East Awards held in Dubai, UAE.&n ...

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Experts debate impact of Saudi changes

Tue, May 3, 2016

A major financial conference opens in Saudi Arabia today with ministers and experts examining how the kingdom aims to transform its economy away fr ...

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NBAD’s Q1 profits rise 23pc

Wed, Apr 27, 2016

National Bank of Abu Dhabi (NBAD) reported net profits of AED1.271 billion for 1Q’16, up 23 per cent sequentially (q-o-q), largely as a resul ...

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GIB bond raises SR2bn

Mon, Apr 25, 2016

Gulf International Bank’s (GIB) latest bond issue met with strong dand as the bank on 19supth/sup April, 2016 successfully priced its s ...

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Mideast M&A value plunges 67pc in Q1

Wed, Apr 20, 2016

The total value of mergers and acquisitions (M&A) in the Middle East fell 67 per cent in the first quarter of 2016 compared the same period las ...

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IIB sells stake in Tunisian auto dealer

Mon, Apr 11, 2016

Bahrain-based International Investment Bank (IIB) has sold its stake in Tunisian automobile dealer Artes, selling it at an attractive price of TND7 ...

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