Financial Services MENA Edition
Latest News
Reform bonus for Saudi banks as profits surge
The banks have cumulatively reported a 7.5% year-on-year increase
US private equity firm in talks with Abraaj investors to manage healthcare fund assets
The talks come after Abraaj indicated it may step down as the manager of TPG’s The Rise Fund
Fitch Affirms HSBC Bank Oman at 'BBB'; outlook negative
The bank's Viability Rating (VR) has also been affirmed at 'bbb-'.
Pakistan hires UAE banks to raise $200mln loan
The loan, with a one-year maturity, is being arranged by Commercial Bank of Dubai, Emirates NBD, and Noor Bank, said the sources.
Cost of insuring Bahrain's debt jumps as deficit jitters increase
Bahrain credit default swaps soared to a 19-month high.
TPG in talks with Abraaj investors to manage healthcare fund assets- sources
U.S. private equity firm TPG is in talks with investors in Abraaj's healthcare fund to take over management of the assets of the $1bln fund.
Denmark begins global legal campaign to recoup tax fraud billions
The money was claimed as refunds for tax deducted from stock dividends.
Kuwait Petroleum plans $2.6 bln loan for LNG terminal -sources
KIPIC will use the money raised to develop the terminal at Kuwait's Al Zour complex
Alawwal and Saudi British Bank agree on merger pricing
Moody’s estimates that the merger would create the third-largest bank in Saudi Arabia
GCC yet to adopt recovery and resolution regimes
Internationally, the introduction of recovery and resolution regimes is progressing
Insights
Investors attack Britain's Lloyds Bank over mistreatment of customers
Lloyds Chairman says to review all cases raised
Can Lebanon's next government rise to the economic challenge?
Lebanon is the world's third-most indebted nation.
Emirates NBD's Turkish deal riskier than it looks
Emirates NBD is making a virtue out of Turkish turbulence
