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 for market...
Saudi Arabia is exploring potential mergers to boost its financial services industry after the combination of Saudi British Bank and Alawwal Bank, according to people with...
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 OMR2.9 billion...
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 already...
Standard Chartered has appointed Boutros Klink as the CEO, Middle East, excluding the UAE. In his expanded role, he will have oversight over all GCC & Non-GCC countries...
Standard Chartered Plc replaced HSBC Holdings Plc as the top manager for bonds and sukuk in the Gulf region this year. HSBC lost out after not...
Dubai Investments PJSC’s property unit hired HSBC Holdings Plc and Citigroup Inc. to sell Islamic bonds early next year as it seeks to refinance an existing...
The “everything bubble” is deflating. The fact that it’s happening relatively slowly shouldn’t blind us to the real threat: The world is dangerously underestimating how hard...
Standard Chartered Plc cut jobs in its Indian retail banking business, citing users’ switch to mobile and internet transactions. “A small number of retail banking roles...
In 2018, a number of financial technology startups came into their own. Free trading platform Robinhood Markets Inc., for example, added new services and billions to...
