Tag: Banks
Banks Must Act Now or Risk Becoming a ‘Footnote’: McKinsey
(Bloomberg) --More than half of the world’s banks are already in a weak position before any downturn that may be coming, according to a...
NBO shareholders approve bank’s capital raising proposal
National Bank of Oman (NBO) held its Extraordinary General Meeting (EGM) with shareholders at the bank’s Head Office in Athaiba, recently for the approval...
Saudi Aramco asks banks to bid in what could be world’s largest IPO
In what could be the world’s biggest IPO, Saudi Aramco has formally asked major banks to bid for potential roles in its planned initial...
Central Bank of the UAE Publishes Financial Stability Report for 2018
The Central Bank of the UAE (CBUAE) publishes its 2018 Financial Stability Report (FSR). The FSR provides relevant information, financial data, and stability assessments...
Abu Dhabi Said in Talks to Form 2 Banks in Three-Way Merger
Abu Dhabi’s merger of three state-linked banks is set to create two new lenders, according to people with knowledge of the matter.
Under plans being...
