DUBAI Smaller banks in the United Arab Emirates are facing regulatory pressure to merge after the fallout from a property downturn forced the state to lead a bailout of Invest Bank last month.
RIYADH/DUBAI, Dec 24 Saudi Arabia's National
Commercial Bank (NCB), the kingdom's biggest lender by
assets, has begun preliminary discussions to merge with smaller
rival Riyad Bank, the two lenders said on Monday.
DOHA Doha Bank will cut its exposure to construction companies to 10 percent from 17 percent of lending in the next three years, its CEO said on Tuesday, part of efforts to adjust to a building industry downturn following a slump in oil prices.
DOHA, Dec 11 Doha Bank will cut its
exposure to construction companies to 10 percent from 17 percent
of lending in the next three years, its CEO said on Tuesday,
part of efforts to adjust to a building industry downturn
following a slump in oil prices.
DOHA The Qatar Investment Authority (QIA) has accelerated its investments in technology and is keeping the door open to strategic partnerships for technology investments, its CEO said on Monday.
DOHA, Dec 10 Oman Investment Fund (OIF) may
target defensive sectors such as healthcare and insurance in the
short-term as more downside risks emerge for global economy, its
chief strategy officer said.
DOHA, Dec 9 Qatar's Commercial Bank
could raise up to $1 billion in debt next year by tapping a
range of various debt instruments, as the country's
third-largest lender by assets aims to further diversify its
funding sources, the bank's chief executive said.
DUBAI Arif Naqvi, founder of troubled buyout firm Abraaj, is making a last-ditch effort to rescue the remaining business of what was once one of the largest investors in emerging markets.
DUBAI DBS , Southeast Asia's largest bank, said it would almost double its Dubai private banking staff in its bid to triple revenue for those operations in the Middle East by 2023, capitalizing on a shift of investments towards Asia.
DUBAI Middle East ride-hailing firm Careem has been working with investment bank Jefferies as an adviser on investment options and fundraising, including a potential mergers and acquisition deal in the region with Uber Technologies Inc [UBER.UL], three sources familiar with the matter said.