Tuesday, July 23, 2019

HSBC Bags Top Honours at Euromoney Middle East Banking Awards

HSBC picked up four awards at Euromoney’s annual marquee awards for the Middle East in Dubai.  The award categories were:Middle East’s Best Bank for...
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Saudi, UAE Bank Revenues Seen Pressured by US Rate Cuts

(Bloomberg) -- Saudi Arabia and United Arab Emirates banks may have their annual revenue estimates cut by one or two percentage points for every...
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Bank Muscat best positioned to weather tight liquidity conditions: Moody’s

According to the latest report by Moody’s Bank Muscat is best positioned among local banks to weather the tight liquidity conditions Bank Muscat exhibits...
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Second Merger Wave May Hit UAE Lenders

(Bloomberg) -- Banks in the United Arab Emirates may go through a second wave of consolidation as lenders seek to improve profitability and tackle...
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10 Things People in Finance Should Never Say

(Bloomberg Opinion) -- At a recent event in New York City, I chatted with a money manager whose presentation had impressed me. At least,...
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Dubai Islamic Bank Board Recommends Buying Local Competitor

(Bloomberg) -- Dubai Islamic Bank PJSC is proceeding with plans to acquire a smaller local rival as the United Arab Emirates’ biggest Islamic lender...
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Enriching Private Banking Experience

Abdulnasir Al Raisi, DGM - Premier Banking talks about the various wealth management solutions offered by Bank Muscat Private. Excerpts from an interviewBank Muscat...
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Mashreq Bank to implement the E-mortgage system from DLD

Dubai Land Department (DLD) has signed a license agreement with Mashreq Bank, one of the first banks operating in the UAE, for the use...
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SoftBank Plans Second AI Venture Fund of More Than $55 Million

(Bloomberg) - SoftBank Group Corp.’s early-stage venture capital arm is setting up a second investment fund dedicated to unearthing promising startups in artificial intelligence, propelling...
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Meethaq Sukuk Series 2 receives an overwhelming response

Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has received the approval of Capital Market Authority (CMA) to exercise the greenshoe...
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