Middle East's Best Banks
LATEST ARTICLES
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Egypt’s first investment bank, with roots dating back to 1984, is an easy call for this award once again.
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When the European Investment Bank wanted to provide SMEs based in Egypt with a nearly $500 million credit line earlier this year, it knew precisely who to call: Banque Misr.
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Some banks can make the toughest of years look relatively easy to navigate. Bank Muscat is a tantalizing case in point. Tantalizing because the Sultanate of Oman’s biggest bank by assets made the most of volatile oil and gas prices, chaotic world markets and adjusting to a relatively new chief executive, Waleed K Al Hashar, who took charge of Bank Muscat in January 2019.
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Some banks can make the toughest of years look relatively easy to navigate. Bank Muscat is a tantalizing case in point. Tantalizing because the Sultanate of Oman’s biggest bank by assets made the most of volatile oil and gas prices, chaotic world markets and adjusting to a relatively new chief executive, Waleed K Al Hashar, who took charge of Bank Muscat in January 2019.
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There were times in the last year when Mahmoud Shawa didn’t know if he was running a bank or a healthcare system. Welcome to Bank of Palestine’s dangerous, but legacy-defining year.
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Given the pandemic and tensions with Israel, the Palestinian economy did not generate any big deals such as IPOs or M&A in the last 12 to 18 months. In fact, the Palestine Capital Market Authority even suspended local stock trading for a time, starting in March 2020.
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Ahli United Bank’s big breakthrough took place in 2010 when it became a Shariah-compliant bank. It hasn’t looked back since.
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Oman’s macroeconomic troubles just can’t keep a solid institution like Bank Dhofar down.
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Oman’s macroeconomic troubles just can’t keep a solid institution like Bank Dhofar down.