First Republic Bank leads losses as US tries to calm contagion fears in global banking system
banks
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Banking & Finance
UK politics: Banks frustrated with government U-turns
In a week of turmoil in UK politics after the departure of Liz Truss banks remain frustrated by U-turns by Government
Arabian Drilling Company
Saudi Arabia’s Arabian Drilling hires Goldman, HSBC, and SNB Capital for IPO
The offer price will be determined following a book-building period from September 28 to 5 October 5
Alvarez & Marsal
Revealed: How UAE banks performed during Q3
UAE Banking Pulse for Q3 indicates banks are prioritising profitability over growth
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Abu Dhabi Banks
In pictures: Top 10 most valuable Emirati and Saudi brands
The inaugural BrandZ ranking includes consumer-facing brands from across a range of categories with a combined value of $50bn
aramco saudi arabia
Lazard said to lead pack in race for coveted Aramco IPO role
Rival bankers expect Lazard to get an advisory role thanks to its word on Aramco’s debut bond sale
Bahrain
Bahrain to roll out much-delayed new wages scheme from September
Scheme will mean Bahraini employers will have to transfer employees’ salaries directly into their bank accounts
banks
UAE conventional banks’ assets total $618 billion
There are 60 banks operating in the UAE, with eight being Sharia-compliant and 52 being commercial
Al Rajhi Bank
Saudi bank stocks dip after Islamic levy settlement
Stocks of all but one of the members of the Tadawul Banks Index fell
banking
UAE’s Eibor rates hit new highs, says Central Bank
The UAE began enforcing a new Eibor system in April
Abu Dhabi Commercial Bank
UAE’s largest banks to maintain ‘solid’ profits in 2018
Emirates NBD and others saw encouraging interest income despite pressures