Credit Agricole has announced that it will sell half of its stake in Saudi Fransi Bank to Prince Walid al-Talal. The Arab Banker's editor reviews the level of foreign bank ownership in the Saudi banking system.
The Cultural Scene: Summer in London
The summer months offer a wide range of Middle East cultural events in London. The Shabbak film festival and Palestine Expo top the list.
Pamela Ann Smith presents the second edition of our new 'Cultural Scene' feature on our Events Page.
Pam is a writer and journalist, based in London. A former editor of Arab Banker magazine, her articles on the Arab world, Turkey, Iran and Central Asia have appeared in the New York Times, the Financial Times, CNBC Business, The Middle East and other international and regional publications.
We would welcome your feedback to the new feature. If you have a cultural event that you would like us to mention on our events page, please contact the website editor, Andrew Cunningham, at email@example.com.
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The Arab Bankers Association sends best wishes to its members and their families on the occassion of Eid al-Adha, the holiday that marks the end of the annual pilgrimage to Mecca.
Gatehouse Bank, the London-based bank that offers Shariah-compliant banking services, delivered a seminar on the UK property market and Shariah-compliant financing to a delegation of students from the University of San Diego on 10 August.
S&P has downgraded ratings on three Middle East governments since January 2017. A new report describes rating trends and contains useful data.
The Banker magazine's annual listing of the world's biggest banks, ranked by Tier 1 capital, shows that seven Arab banks had Tier 1 capital in excess of $10mn at theend of 2016, and a further eight had capital of $5 bn - $10 bn.