DUBAI, United Arab Emirates – Middle East banks EFG Hermes and QInvest say they have reached a deal to combine some of their operations to create a joint investment bank meant to service the Arab world and beyond. (read more…)
(MENAFN – Khaleej Times) Dubai Islamic Bank, DIB, the oldest Islamic bank in the region, on Sunday reported an 11 per cent surge in net profit to Dh245 million for the first quarter of 2012 from … (read more…) – FINANCE
DUBAI (Reuters) – Royal Bank of Scotland expects Gulf borrowers to have no significant problems overcoming a refinancing hump this year that the bank estimates at $60 billion (36.8 billion pounds), though its own lending in the region will shrink, senior executives said on Monday. "We don't see any issue with the refinancing needs...
DUBAI (Reuters) – Royal Bank of Scotland's mergers and acquisitions (M&A) business will be spun off into a boutique advisory firm run by some of its current staff, the bank's chief executive for the Middle East and Africa confirmed on Monday. Related Stories Aquarius Platinum posts Q3 loss as production drops EU eyes 200...
Former Deutsche Bank, Goldman Sachs exec Gary Anderson to continue growth strategy (read the story…) – BUSINESS
Fund will be launched with US$27.23m in seed capital, alongside Gulf Investment (read more…) – FINANCE
By Adam Schreck, The Associated Press DUBAI, United Arab Emirates – HSBC Holdings PLC said Wednesday it will combine its Omani division with local lender Oman International Bank in a deal that will give … (read more…) – FINANCE
DUBAI — Emirates Islamic Bank, or EIB, and Dubai Bank are expected to merge this month that will create one of the leading Shariah-compliant banking units in the UAE, according to sources. (read more…) – FINANCE
DUBAI/LONDON (Reuters) – HSBC is to merge its business in Oman with Oman International Bank and hold a majority stake in the enlarged operation, Europe's biggest bank said on Wednesday. Related Stories BlackRock first quarter profit steady as ETFs draw billions Exclusive – Media heavyweight investor Crawford to retire – source Italy raises 2013...
