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Arab Bank plans $500m loanArab Bank has mandated Calyon Crédit Agricole CIB, HSBC Bank Middle East and JP Morgan to arrange a fully underwritten $500 million five-year term loan. The facility represents the first syndicated debt market financing ever undertaken by More… |
Doha Bank expects higher H1 profit on lendingDoha Bank expects first-half earnings from lending and other core activities to rise by at least 35 per cent, spurred by corporate and retail demand. "I would say core earnings would be up 35-40 percent," Raghavan Seetharaman, the bank's d More… |
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Saudi says no need to follow next Fed rate moveSaudi Arabia does not have to follow the next shift in US interest rate policy to maintain the relative yield of its dollar-pegged riyal currency, the kingdom's central bank governor said on Sunday. A Reuters poll on June 1 showed most Wal More… |
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IIB to raise $57 millionBahrain-based International Investment Bank (IIB) will raise more than $57 million by selling 57 million shares. Of the 57 million shares, the bank will sell 27 million to its shareholders for $1.8 each and the rest to Bahraini and Gulf na More… |
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Positive outlook for MashreqbankCapital Intelligence (CI) has placed the foreign currency long-term and financial strength ratings of Mashreqbank on a Positive outlook. This is in view of the recent Tier 2 capital issue and the bank’s continuing strong business growth, t More… |
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Mashreqbank to open branches in EgyptMashreqbank, Dubai's third-largest lender by market value, said on Wednesday it got central bank approval to open branches in Egypt. However, it ruled out bid interest in Alwatany Bank of Egypt. "We have approval from the Egyptian More… |
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RBS-led trio bids $95.7bn for ABNA consortium led by Royal Bank of Scotland has launched a 71.1 billion euro ($95.7 billion) bid for Dutch group ABN AMRO, trumping Britain's Barclays in a battle for the world's biggest bank takeover. In a long-awaited move, the consortium More… |
