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Kotak Mahindra Chooses Banks for $1 Billion Share Sale

Kotak Mahindra Chooses Banks for $1 Billion Share Sale

(Bloomberg) -- Kotak Mahindra Bank Ltd. picked arrangers including Bank of America Corp. and Morgan Stanley to work on a proposed $1 billion share sale,...
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Abu Dhabi Islamic Bank to Cut Jobs, Shut Branches to Save Costs

Abu Dhabi Islamic Bank to Cut Jobs, Shut Branches to Save Costs

(Bloomberg) -- Abu Dhabi Islamic Bank PJSC is seeking to save about 500 million dirhams ($136 million) by cutting jobs and closing branches as sluggish...
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Irregularities Found at Pakistan’s Top Bank After U.S. Sanction

Irregularities Found at Pakistan’s Top Bank After U.S. Sanction

(Bloomberg) -- A Middle East operation of Pakistan’s largest bank displayed “significant irregularities” in dealings with politically exposed clients and screening some transactions, according to...
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7 Innovations that Reached Critical Mass in 2019

The year about to end saw the start of many new technological innovations that are expected to become better and more aligned to the...
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ICICI Bank launches new branch in Bahrain’s Juffair

India's leading bank ICICI launched its second branch in Bahrain's Juffair on Sunday. The first retail branch is present at Manama Centre. The new Juffair...
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automated teller machines ATM;digital payments

JPMorgan Saudi business is fastest-growing globally

(Bloomberg) -- JPMorgan Chase & Co. said its business in Saudi Arabia is growing faster than any other region in the world, helped by the...
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banking finance

Gulf’s Holdout on Rates Is About to Jump on Fed Easing Bandwagon

(Bloomberg) --The only Gulf Arab central bank with an unpredictable monetary policy might finally fall in line this week. In a region where most countries...
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