Standard Chartered shares jump 20% on reports of takeover from Abu Dhabi
Standard Chartered Bank
Latest in Standard Chartered Bank
Central Bank of the UAE
UAE banks meet to discuss stronger compliance, removal from FATF grey list
Aside from discussing specific FATF guidelines, participants of the two-day event also talked about dealing with “emerging financial challenges”
banking business
Standard Chartered Bank reports a record first-quarter performance in the Middle East and Africa region
The bank recorded 59 percent growth in its operating profit, with the operating profit for a single quarter crossing $300 million for the first time in nearly a decade
Dubai Islamic Bank
Abu Dhabi’s top bank follows Dubai rival to bond market
Source says Abu Dhabi’s biggest lender has opened books on a $500 million five-year sukuk
Dirham
UAE dirham should stay pegged to the dollar, says StanChart regional CEO
Sunil Kaushal says the two currencies should stay linked, despite economies sometimes becoming out of sync
Banking & Finance
2019 has been ‘a pretty good year’, says StanChart MidEast CEO
Sunil Kaushal says Standard Chartered has seen very strong growth this year
Emerging Affluent Study
Upward social mobility rises in UAE
Brand View: Standard Chartered Emerging Affluent study reveals upbeat data on affluence in the UAE, but indicates plenty of room for improvement
Africa and Middle East
Leadership Spotlight: Standard Chartered CEO is banking on success
Brand View: Sarmad Lone, Managing Director, Co-Head, Global Banking, Africa and Middle East, Standard Chartered Bank, gives his outlook for the year ahead and the key leadership qualities he believes will make it a success
Standard Chartered Bank
Standard Chartered said to cut Dubai, Singapore jobs amid cost reductions
As many as 100 positions may be impacted in Dubai although the number hasn’t been finalised, sources said
banking
Standard Chartered leads first green loan in Middle East for DP World
Brand View: This is the first green loan in the Middle East region with an Islamic format that links pricing to environmental performance in this way
Djibouti
Court backs DP World’s injunction case against Djibouti port operator
September 21 ruling by the High Court of England and Wales upholds ruling from August 31