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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
