Gulf stocks soar on US-Iran ceasefire deal
Gulf stock markets surged on Wednesday as global equities rallied after US President Donald Trump agreed to a…
Browsing Tag
Emirates NBD
GAFI, Emirates NBD sign MoU to promote investment in Egypt
Egypt's General Authority for Investment and Free Zones (GAFI) signed a memorandum of understanding (MoU) on Sunday…
Egypt’s trade body, Emirates NBD explore financing push to boost exports, attract FDI
The Egyptian Commercial Service (ECS) held talks with Emirates NBD to expand financing options for local companies…
Pilot Launch of the D-MENA Bank CEO Composite™
Banks across the Middle East and North Africa have entered a new phase in the global financial system—marked by…
Talabat’s $2b IPO marks DMF revival
Dubai Financial Market (DFM) is set for a major boost as Talabat, the Middle Eastern arm of Germany’s Delivery Hero…
Gulf stocks subdued as investors eye Fed minutes
Most Gulf region stock markets opened lower on Wednesday, as investors are waiting for updates from the US Federal…
Gulf stocks subdued on US rate cut concerns
Stock markets across the Gulf opened cautiously on Tuesday, mirroring a broader Asian sell-off.
Gulf stocks mostly fall amid US rate concerns
Gulf stock markets went mostly down in early trade on Wednesday, as investors assessed the possibility of the US…
Gulf stocks gain on Tuesday
Gulf stock markets rose in early trading on Tuesday, driven by expectations of increased oil demand in China and…
Gulf stock market mixed in early trade
Gulf stock markets had a mixed performance in early trade on Monday as oil prices rose and investors awaited US…
Gulf markets up on higher oil prices
Gulf stock markets rose on Thursday as oil prices increased after two days of decline.
Gulf stocks fall on Wednesday due to lower oil prices
Gulf stock markets fell on Wednesday due to declining oil prices, influenced by a rise in US crude stockpiles and…
Gulf markets mixed on Tuesday before US data
Gulf stock markets had a mixed start on Tuesday as investors awaited US Federal Reserve interest rate decisions and…
Most Gulf markets ease ahead of US inflation data
Most Gulf stock markets were down in early trade on Monday, following Asian markets lower ahead of US inflation…
Mixed moves in Gulf stocks, eye on US inflation
Gulf stock markets showed mixed performance in early trading on Monday as traders anticipated US inflation data…
Emirates NBD-Egypt 2023 net profits jump 174%
Emirates NBD-Egypt reported on Thursday a 174 per cent growth in its net profits for 2023, marking the highest…
ADIB issues first USD-denominated Green Sukuk
Abu Dhabi Islamic Bank (ADIB) issued the world’s first USD green Sukuk on Abu Dhabi Securities Exchange ADX on…
Most Gulf markets rise amid a rise in oil prices
Most Gulf markets closed high on Tuesday on increasing oil prices, amid anticipations that the OPEC+ producer group…
Dubai’s Emirates NBD Q3 net profit jumps 38%
Emirates NBD, Dubai's biggest lender by assets, reported on Thursday a net profit of $1.4 billion in its…
HSBC, Citi among banks to manage Egypt’s first Islamic bonds
Egypt has named six international banks, including Citigroup and HSBC Holdings, to manage its first sale of…
Egypt’s Banque Misr gets $250 million loan from gulf banks
Egypt’s second largest public bank Banque Misr has secured a loan of about $250 million from a consortium of gulf…
Egypt expects to receive $3 billion loan, in part for sustainable green projects – sources
Egypt is set to finalise a $3 billion loan to be used in part to finance sustainable green projects, three sources…
Banque Misr to secure largest syndicated loan in its history worth $1 billion
Egypt's second largest state-run lender, Banque Misr is in the process of obtaining the largest syndicated loan in…
Emirates NBD to provide EGP 2 bln for Egypt’s biggest agricultural wastewater plant
Emirates NBD Egypt Bank announced on Sunday the provision of 2 billion Egyptian pounds ($127.4 million) to finance…
Ora Developers Egypt signs EGP 2.54 billion loan agreement
Ora Developers Egypt, part of Naguib Sawiris-led Ora Developers Group, signed a loan agreement with four banks for…
Banque Misr lead arranger for EGP 2.5 bln Sawiris-led ZED West project
Egypt's second-largest state bank, Banque Misr is lead arranger for a 2.54 billion Egyptian pound ($162.3 million)…
Emirates NBD Egypt pre-tax profits at EGP 1.338 billion in 9 months
Emirates NBD Egypt said on Sunday its profits before tax reached around 1.338 billion Egyptian pounds ($85.5…
Bahrain’s Bank ABC starts due diligence on Blom Bank Egypt
Bahrain-based The Arab Banking Corporation (ABC) has started due diligence on Blom Bank Egyptahead of submitting an…
First Abu Dhabi Bank reportedly to restart negotiations to buy Bank Audi’s Egypt unit
UAE's biggest lender, First Abu Dhabi Bank (FAB) plans to restart negotiations to buy the Egyptian unit of…
A third yet-unnamed suitor enters race to Acquire Blom Bank Egypt
Competition heated as another foreign non-banking financial institution is said to have entered the race with…
Emirates NBD negotiating to acquire Blom Bank Egypt
Emirates NBD, the leading banking group in the region, is in early talks with Lebanon's Blom Bank for a potential…
Emirates NBD Egypt reports 44% increase in profit during 2019
Egypt reported a 44.23 percent year-on-year hike in its net profits in 2019, the bank’s consolidated financial…
Dubai’s largest bank Emirates NBD hikes foreign ownership limit to 20%
Emirates NBD, Dubai’s largest bank, on Monday announced that it had raised its foreign ownership limit to 20…
Emirates NBD completes acquisition of Denizbank, fifth-largest bank in Turkey
Emirates NBD completed the acquisition deal of Turkey’s Denizbank from Russia’s Sberbank after gaining regulatory…
Emirates NBD- Egypt awarded the best bank for 2018
Egypt has been awarded “The Best Bank” in Egypt for 2018 by The Banker Africa for the second year in a row. This…
Emirates NBD boosts Dubai, Saudi falls after budget
Dubai stock market rebounded on Wednesday as top bank Emirates NBD surged, while falling oil prices continued to…
Egypt’s NBE bank signs $750 mln financing deal with global banks
National Bank of Egypt (NBE), the country's largest state bank, reached a $750 million financing agreement with a…
Emirates NBD Egypt posts 1.18bn pounds net profit at end-2017
Emirates NBD Egypt’s business results show that the bank achieved a net profit of EGP 1.18bn in 2017 compared to…
Egy Lease in talks with three banks for 150 mln pounds funding
Egy Lease is in talks with other three banks, Banque Du Caire, Emirates NBD, and the Arab Investment Bank, to…
Egyptian non-oil private sector declines slightly in Feb.: PMI
Egypt’s Emirates NBD Purchasing Managers’ Index (PMI) or the non-oil private sector fell to 49.7 in February,…