Global Finance Magazine

Global news and insight for corporate financial professionals

Global news and insight for corporate financial professionals

Middle East

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News

Arab Banks Struggle to Maintain Correspondent Relationships

According to a recent IMF, World Bank and Arab Monetary Fund report, 40% of Arab banks are experiencing “a significant decline” in the scale of correspondent banking relationships. The report shows 167 terminated accounts in 2015 compared to 71 in ...

Banking

Pakistan Returns to Sukuk Market

With mounting payment obligations and a worsening balance of payments, Pakistan has returned to the Islamic bond market after a two-year hiatus. In early October, Pakistan mopped up $1 billion through a dollar-denominated Islamic bond with a five-year tenure.

Capital Raising & Corporate Finance

UAE Bank Merger May Spark More Deals

After several years of inactivity, the Gulf Cooperation Council (GCC) could see a spate of M&A deals in financial services.

Awards

World’s Safest Banks 2016: Middle East Top 50

The safest banks in the Middle East are all based in the GCC, with the exception of the two large Israeli banks, Hapoalim and Leumi, which rank 26th and 27th. National Bank of Abu Dhabi remains the Safest Bank in ...

Award Winners

World’s Safest Banks 2016: Safest Islamic Banks

Abu Dhabi’s Al Hilal Bank is the safest Islamic bank in the six GCC states, replacing Al Rajhi Bank of Saudi Arabia, which falls to seventh position following downgrades prompted by the downgrading of the Saudi government. Kuwait Finance House ...

Capital Raising & Corporate Finance

Lebanon’s Central Bank Pledges $600 Million For Start-Ups

Beirut aims to become the number-one hub in the Middle East for young entrepreneurs, sothe Lebanese Central Bank recently added $200 million its 2013 promise to guarantee $400 million in investment in the knowledge economy.

Country Report

Egypt Gets With The Program

<strong>Egypt </strong>| Its IMF loan could ease investor concerns and end its foreign exchange shortage.

Banking

Economic Reforms Sweep Gulf States

These are exciting times for the nations of the Gulf Cooperation Council (GCC), as the decline in oil revenues is forcing them to finally make dramatic changes to their oil-based economies.
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