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Crypto Is Over: Paris Fintech Summit Returns to Disrupting Banks

Crypto fever has truly broken. That was a big takeaway this week from the Paris Fintech Forum, one of the biggest annual gatherings of its...
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Abu Dhabi’s FAB Rises as It Seeks to Lure More Foreign...

First Abu Dhabi Bank jumped on optimism. The lender will follow regional peers and raise the foreign-ownership limit on its stock. The shares climbed as...
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M&A Bankers in Demand in Mideast Merger Boom as Oil Drives...

It’s a good time to be an M&A banker in the Middle East. Just one month into the year, five banks are merging: a three-way...
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Abu Dhabi Three-Way Merger to Form $114 Billion U.A.E. Bank

Abu Dhabi Commercial Bank (ADCB) agreed to merge with Union National Bank PJSC and Al Hilal Bank to create the Gulf’s fifth-biggest lender with...
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Deutsche Bank Said to Get Qatari Commitment for More Funds

Deutsche Bank AG has secured a commitment for additional investment from Qatar as the troubled German lender seeks to bolster its finances, according to...
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Mashreq’s 2018 net profit stands at AED 2.1 bn

Mashreq, one of the leading financial institutions in the UAE reported a net profit of AED 2.1 bn for the financial year 2018, which...
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Merger with Alizz will create a strong Islamic bank, says OAB...

Rashad Al Musafir, CEO, Oman Arab Bank talks about the current status of and the rationale behind his bank’s proposed merger with Alizz Islamic...
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Saudi Arabia Said to Hire HSBC Banker as Privatization Unit Head

Saudi Arabia hired HSBC Holdings banker Rayyan Nagadi to set up a privatization unit at the ministry of finance as the kingdom forges ahead...
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Emirates NBD Boosts 2018 Profit 20%, Beats Estimates

Emirates NBD reported a better-than-expected increase in full-year profit as lending rose and loan loss charges fell at Dubai’s biggest bank. The state-controlled lender recommended...
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Bank of Sharjah Celebrates 45 Years of Achievements

Bank of Sharjah celebrated at the Jumeirah Beach Hotel – Dubai its 45th anniversary and key milestones achieved in the last half decade. As...
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