Friday, April 26, 2019
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Top Bankers Quietly Prep for Saudi While Their Bosses Skip Forum

In public, finance industry leaders have bailed on a key Saudi Arabian investment conference next week. Behind the scenes, dealmakers bringing in the hard...
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Abu Dhabi Said to Weigh Merger to Create Top Mideast Lender

(Bloomberg) -- Abu Dhabi is considering combining Abu Dhabi Islamic Bank with First Abu Dhabi Bank to create the Middle East’s largest lender, according to...
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Bahrain Offers Incubator-Style Regulatory Program for Crypto

Bahrain, once the Middle East’s hub for financial industries, is attempting to regain its footing by allowing companies using cryptocurrency to work in the...
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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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Saudis Said to Weigh Local Bank Tax Hike to as Much...

(Bloomberg) -- Saudi Arabia is considering plans to increase an Islamic tax paid by local banks to as much as 20 percent, or double...
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Ahli Bank signs RO 45 Mn Facility Agreement with Majis Industrial...

Ahli Bank SAOG signed a facility agreement for a RO 45 million Term Loan Facility with Majis Industrial Services (Majis), a Government of Oman...
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Apple Debuts Titanium Credit Card With Goldman, Mastercard

(Bloomberg) -- Apple and Goldman Sachs Group are joining forces in the consumer credit business, launching the Apple Card for iPhones. The card is tied to...
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Best Banks & NBFCs in Oman

The OER-GBCM Best Banks in Oman survey 2019 shows a robust showing by the sector despite some strong headwinds. Mayank Singh reports The financial services...
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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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Emirates NBD holds its 12th General Assembly Meeting

Emirates NBD held its 12th General Assembly Meeting at the Bank’s Headquarters. At the General Assembly Meeting, a review of the year ended 31 December...
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