The bank’s previous forecast was 4.7%, making it among the more bearish investment banks on China
Citibank
Latest in Citibank
banking jobs
Citigroup to lay off less than 1% of staff: Reports
Citibank’s move comes after other major Wall Street banks such as Goldman Sachs and Morgan Stanley cut thousands of jobs after a tough year for deal making activity
acquisitions
Manama-based Ahli United Bank inks deal to acquire Citi’s consumer banking business in Bahrain
The transaction, which is subject to regulatory approvals, includes the retail banking, credit card, and unsecured lending businesses, but excludes Citi’s institutional businesses
Atiq Rehman
Citigroup says confident over Middle East revenue growth
US bank expects revenue from its Middle East and Africa business to keep growing this year even as lower oil prices weigh on the region
Citibank
Citigroup to expand Saudi teams on expected MSCI trading boost
Citigroup is expanding its team in Riyadh after getting regulatory approval last month to start cash-equities trading and custody services
Careem
Citigroup sees surge in Middle East M&A deals
Senior Citigroup exec says it is working on about seven M&A deals regionally, mainly in Saudi Arabia and the UAE
Abu Dhabi
CitiBank granted licence to open Abu Dhabi branch
Citi is currently present in 25 markets in the Middle East and Africa