Thursday, February 21, 2019

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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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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Mastercard Evolves Its Brand Mark by Dropping its Name

Mastercard, the digital Payment Company Adapts to a Digital Environment in a Move to Become a Symbol Brand   Mastercard announced that it is dropping its name...
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