Tuesday 30 June 2015
 
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BNP Paribas, ING, Bahrain group in race for HSBC Turkey

ING Group NV, BNP Paribas and Bahrain-based Arab Banking Corporation (ABC) have submitted bids to buy HSBC's Turkish business, a source familiar with the process said. The source said the bids are non-binding, suggesting that

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Qatar, Bahrain banks among bidders for HSBC Turkey

Potential bidders for HSBC's Turkish business include ING Group, Qatar National Bank (QNB) and Bahrain-based Arab Banking Corp (ABC), people familiar with process said on Friday. Four sources said Dutch bank ING and Qatar Nati

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DME approves ING Singapore to issues direct LCs

Dubai Mercantile Exchange (DME) has approved ING Bank’s Singapore brand to issues letters of credit (LCs) for trading on DME directly from Singapore to support customers in Asia. This latest development is part of DME’

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BBK closes ING Mena fund

Bahrain-based BBK has announced the successful liquidation of its open-ended equity fund which was set up in partnership with Dutch financial group ING. The liquidation of 'BBK-ING Mena Fund' follows an earlier decision by

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Mashreq sues ING over 'roach motel' debt losses

  Mashreq, Dubai's second largest bank, has filed a US lawsuit blaming Netherlands-based ING Groep for it losing 40 percent of a $108 million investment by improperly putting the money in risky debt.  

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Investors to leave Dubai for Abu Dhabi, Egypt

Fund managers will rotate dedicated money out of Dubai and into Abu Dhabi, Qatar and Egypt in search of a safe investment haven, as the Gulf emirate delayed billions of dollars of debt obligations this week. International fund managers say

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Bahrain warns banks

Bahrain accused foreign banks of unethically piling pressure on Gulf currency pegs and warned it would 'take action' against anyone targeting its dollar-pegged dinar, a magazine reported, citing the central bank governor. Bahrain cut inter

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