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Banking & Finance

Banking & Finance

Banking news and finance news from the Middle East. All the important stories, exclusive interviews, plus authoritative opinion and analysis

SNB bank Saudi

Saudi Arabia’s biggest bank wants wealthy depositors back

Saudi Arabia’s largest bank by assets is trying to woo back wealthy customers after losing many since a merger in 2021. SNB, or Saudi National Bank, is a merger of National Commercial Bank and Samba Financial Group, formerly known as the Saudi American Bank. It has underperformed against its major domestic rivals, reporting comparatively lower […]

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Mashreq: inspired by your vision, empowering your success

Founded in 1967, Mashreq is the UAE’s oldest bank. Its deep-rooted industry knowledge and experience in an increasingly dynamic financial landscape make it uniquely equipped to meet its corporate clients’ needs. Operating across key regions including Mena, Asia, Europe and the US, Mashreq Corporate leverages its international network, industry insights and operational flexibility to help […]

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Gold is moulded into bars at a refiner in Switzerland. An orders backlog means US banks are widening their search for kilobars

US banks buy Dubai gold to counter potential tariffs

Dubai is among several global gold centres benefiting from fears among US banks that President Donald Trump might impose duties on the precious metal, analysts say. A backlog at refining facilities in Switzerland has added to US banks’ concerns about the availability of bullion. “There is now a real concern about the tariffs being imposed […]

Employees at a government building in Damascus. The US has kept sanctions in place on Syria's central bank

Sanctions on Syrian banks choke economic recovery

Western sanctions on Syria’s banking sector are preventing critical investments in the war-ravaged economy, the country’s investment chief said. This is despite huge interest from Syrian and foreign investors since the fall of Bashar Al-Assad. “Sanctions have stopped everything. Right now, they are primarily on the Syrian people and are increasing their suffering,” Ayman Hamawiye, […]

Lebanon bonds Nawaf Salam

Lebanon bonds rally to near-5-year high with new government

Lebanon’s international bonds rallied more than one cent on Monday, two days after a new government was formed. The country’s dollar-denominated bonds jumped 1.1 cents to being bid at around 18.3 cents across most maturities, the highest level since March 2020, Tradeweb data showed. The latest rise extends a sharp turnaround for the bonds, which have lingered […]

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Bahrain

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Egypt

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Turkey

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