Thursday, January 17, 2019
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Banking & Finance

Bahrain’s Investcorp, Coller form $1bn European private equity fund

Bahrain-based alternative investment manager Investcorp said on Monday it was forming a $1bn European private equity portfolio with Coller Capital. The deal also includes fresh...
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Top Mideast Banker Pay Slashed by Up to a Quarter Amid...

Salaries for top banking and finance professionals in the Middle East have been slashed by as much as a quarter over the past year...
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Weathering headwinds

Sheikh Waleed Al Hashar, CEO, Bank Muscat, talks about banking industry’s outlook for 2019 and the challenges facing the sector and the economy in...
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Logging In to Your Bank Account Is Now a $3 Billion...

When you link your checking account to Venmo or use it to buy Bitcoins, a startup called Plaid Inc. is likely facilitating the connection...
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MetLife Names Khalaf CEO, Replacing Kandarian After Stock Slump

MetLife appointed Michel Khalaf president and chief executive officer, succeeding Steven Kandarian. Khalaf, 54, will take over on May 1, the company said Tuesday in...
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Saudi-backed Softbank to invest total $10bn in WeWork

SoftBank, which has already invested more than $8bn in WeWork, had looked at spending $16bn to buy a larger position in the company. SoftBank Group...
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OAB launches host of Innovative Digital Solutions

Oman Arab Bank (OAB) kicks off 2019 with the launch of a host of new customer centric innovations as part of its ongoing digital...
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Saudi Banks Set for Most Growth in 4 Years as Rates...

Saudi Arabian banks may report double-digit earnings growth this year as rising interest rates and increased government spending offset the risk of higher bad-debt...
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Sohar International Hosts 3rd Edition of Viewpoints

In its commitment to play a vital role in contributing to the nation’s economic development, Sohar International recently held the third edition of its...
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Impact of Saudi Arabia’s New Mega Bank

Two of Saudi Arabia’s biggest banks are exploring a merger that will dwarf their competitors and could prompt other lenders to combine and fight...
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