Monday 21 April 2014
 
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Gulf Banks

Gulf banks in expansion push as recovery kicks in

After weathering the global financial crisis and local debt restructurings in the last few years, Gulf banks are expanding their regional footprint and venturing into business lines previously targeted only by their global rivals, said experts.

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Strong demand from Gulf banks for senior talent

Since the turn of the year the number of Gulf based banks that are hiring senior talent has increased considerably compared to the same period last year, a report said. A number of the banks in the region have plans to continue hi

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Strong demand from Gulf banks for senior talent

Since the turn of the year the number of Gulf based banks that are hiring senior talent has increased considerably compared to the same period last year, a report said. A number of the banks in the region have plans to continue hi

More…

Economic growth, capitalisation ‘driving Gulf banks’

Gulf banks will likely continue their steady recovery from the global financial crisis this year, aided by healthy economic growth in the GCC and still high oil prices, said a new report released by Standard & Poor’s (S&P).

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GCC banks 'leading in regional acquisitions'

GCC banks are becoming active buyers of stakes in banks in the Middle East and North Africa (Mena) and even farther afield, according to a report by rating agency Standard & Poor's. As acquirers in Mena, Gulf banks are tak

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Gulf banks ‘to continue recovery through 2013’

Gulf banks will continue their steady recovery from the 2008 crisis and remain isolated from eurozone turmoil for the rest of 2012 and 2013, according to a Standard & Poor's report. 'We believe the trend of declining loan loss

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Gulf banks’ growth boosts demand for top staff

The significant increase in the number of Gulf based banks looking to expand their operations across Europe and Mena has given rise to an increase in the demand for senior talent, said an expert. “Over the last six months we have been work

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Gulf banks’ growth boosts demand for top staff

The significant increase in the number of Gulf based banks looking to expand their operations across Europe and Mena has given rise to an increase in the demand for senior talent, said an expert. “Over the last six months we have been work

More…

Gulf banks eye European rivals' ME assets

As struggling European banks scale back their worldwide operations, cash-rich Gulf lenders see a chance to expand by snapping up the Middle East assets of European rivals at attractive prices. After years of building operations in the fast

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GCC banks 'may face funding gaps'

Some banking systems in Gulf countries could face funding gaps in the event of a sustained retrenchment by European banks from the region, said Moody's Investors Service in a new report. Although the economic reliance on European bank

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