Tuesday, July 23, 2019
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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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Gulf Takeover Binge Has Bahrain Opening Up to More Bank Mergers

Bahrain, once a Gulf finance hub, favors further consolidation among its banks, according to a top official and the head of a leading lender.The...
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Emirates NBD May Save Up to $700 Million in Turkey Deal

(Bloomberg) -- Dubai’s biggest bank may save as much as $700 million in a deal to buy Turkey’s Denizbank AS after the lira slumped and...
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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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Gulf Bank Mergers: Who’s Talking to Whom?

(Bloomberg) -- If you’re struggling to keep up with the pace of bank consolidation in the Gulf, here’s an overview of which lenders are in...
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Emirates NBD CFO to Leave

Emirates NBD's Chief Financial Officer Surya Subramanian, who steered the bank through some of Dubai’s largest restructurings, is set to leave after almost nine...
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Muzn’s Shari’a Supervisory Board Affirms Bank’s Full Adherence To Islamic Principles

Muzn Islamic Banking concluded its first Shari’a Supervisory Board (SSB) meeting for the year on the 20th of March 2018. The SSB reviewed the...
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Goldman Blacklisted in Abu Dhabi in Fresh Blow From 1MDB Scandal

An Abu Dhabi-controlled investment fund has halted new business with Goldman Sachs Group Inc., adding to the growing fallout for the U.S. bank from...
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Bahrain’s GIB Establishes Saudi Arm With $2 Billion Capital

Bahrain based Gulf International Bank (GIB) converted its Saudi operation into a locally incorporated bank with 7.5 billion riyals ($2 billion) capital, as the lender...
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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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