Saturday, February 16, 2019

MetLife Names Khalaf CEO, Replacing Kandarian After Stock Slump

MetLife appointed Michel Khalaf president and chief executive officer, succeeding Steven Kandarian. Khalaf, 54, will take over on May 1, the company said Tuesday in...
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Saudi-backed Softbank to invest total $10bn in WeWork

SoftBank, which has already invested more than $8bn in WeWork, had looked at spending $16bn to buy a larger position in the company. SoftBank Group...
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OAB launches host of Innovative Digital Solutions

Oman Arab Bank (OAB) kicks off 2019 with the launch of a host of new customer centric innovations as part of its ongoing digital...
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Saudi Banks Set for Most Growth in 4 Years as Rates...

Saudi Arabian banks may report double-digit earnings growth this year as rising interest rates and increased government spending offset the risk of higher bad-debt...
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Saudis Said to Seek Advisers for Biggest Bank Merger Since 2016

National Commercial Bank and Riyad Bank are seeking advisers for a potential merger that would create the Gulf region’s third-biggest lender with $182 billion...
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Sohar International Hosts 3rd Edition of Viewpoints

In its commitment to play a vital role in contributing to the nation’s economic development, Sohar International recently held the third edition of its...
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Impact of Saudi Arabia’s New Mega Bank

Two of Saudi Arabia’s biggest banks are exploring a merger that will dwarf their competitors and could prompt other lenders to combine and fight...
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Saudi Said to Weigh More Bank Mergers as NCB Announces Talks

Saudi Arabia is exploring potential mergers to boost its financial services industry after the combination of Saudi British Bank and Alawwal Bank, according to...
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Islamic banks’ financing hits RO3.5bn

Islamic banking entities provided financing to the extent of OMR3.5 billion at the end of September 2018, an increase of 20.7 per cent over...
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Credit Suisse CEO in Saudi Arabia Said to Leave Bank in...

Credit Suisse Group AG’s chief executive officer in Saudi Arabia is leaving the bank, according to people familiar with the matter. Abdulaziz Bin Hassan has...
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