(Bloomberg) — Limitless LLC asked banks to delay debt repayments for a third time as an on-going slump in property prices weighs on the Dubai-based developer, people...
(Bloomberg) — Abu Dhabi Commercial Bank PJSC, which completed a three-way merger earlier this year, may cut about 2,000 jobs as the lenders integrate operations, people with...
Sohar International’s cardholders can now avail a range of services at Burjeel Hospital apropos of a Memorandum of Understanding (MoU) that was signed by the bank...
(Bloomberg) — Emirates NBD received a key regulatory approval taking Dubai’s biggest lender a step closer to completing its purchase of Turkey’s Denizbank, two people with...
HSBC picked up four awards at Euromoney’s annual marquee awards for the Middle East in Dubai. The award categories were: Middle East’s Best Bank for Transaction...
(Bloomberg) — Saudi Arabia and United Arab Emirates banks may have their annual revenue estimates cut by one or two percentage points for every 25 basis...
According to the latest report by Moody’s Bank Muscat is best positioned among local banks to weather the tight liquidity conditions Bank Muscat exhibits distinctive funding and...
(Bloomberg) — Banks in the United Arab Emirates may go through a second wave of consolidation as lenders seek to improve profitability and tackle inefficiencies, according...
(Bloomberg Opinion) — At a recent event in New York City, I chatted with a money manager whose presentation had impressed me. At least, I was...
(Bloomberg) — Dubai Islamic Bank PJSC is proceeding with plans to acquire a smaller local rival as the United Arab Emirates’ biggest Islamic lender joins a...
