The group will establish a regional presence under ADGM’s regulatory framework, with end-to-end set-up support from ADIO
Deutsche Bank
Latest in Deutsche Bank
corporate banking
Majed Julfar is back with Deutsche Bank as Chief Country Officer
Also named Head of Corporate Coverage for the Middle East and Africa region; Was with Etihad Credit Insurance for the last six years
Abu Dhabi Global Market
Deutsche Bank expands in UAE with Abu Dhabi Global Market licence
Deutsche Bank to start Abu Dhabi Global Market operations
Credit Suisse
Deutsche Bank hires Credit Suisse trio to woo Saudi ultra-rich
Deutsche Bank is looking to target the kingdom’s ultra-high net worth individuals and entrepreneurs
Citigroup
Banker who helped revamp Iraqi debt leaves Deutsche Bank for IFC
Hussain Qaragholi, who helped restructure Iraq’s sovereign debt from the Saddam Hussein era while working at Citigroup Inc., has joined the International Finance Corp.
airline industry
Dubai-based Emirates launches world-first account-based payment method
White label solution Emirates Pay has been jointly developed with IATA and in partnership with Germany’s Deutsche Bank
Deutsche Bank
Deutsche Bank partners with Oracle to accelerate technology modernisation
Deutsche Bank selects Oracle Exadata Cloud@Customer to consolidate key databases in its selected data centres. The innovation partnership aims to modernise Deutsche Bank’s mission-critical databases and enable new financial products and services
Aramco
Saudi Aramco said to add Barclays, Deutsche as bookrunners for IPO
Sources report that other banks picked include BNP Paribas, UBS Group, Gulf International Bank and Societe Generale
Banking & Finance
Deutsche Bank says ‘too early’ to know about MidEast job cuts
German lender Deutsche Bank is cutting 18,000 staff globally in order to get back in the black
banking
Deutsche Bank set to cull top leadership in sweeping revamp
CEO Sewing is poised to announce the largest restructuring in at least a decade
AccorHotels
Prince Alwaleed’s Kingdom said to hire Deutsche Bank’s Saudi CEO
Sources say Tamim Jabr will join Kingdom Holding later this year as head of international investments
Deutsche Bank
Dubai’s DP World confirms ‘advanced’ talks to acquire Topaz Energy
The move will end the prospect of its Oman-listed majority owner listing Topaz in London
Deutsche Bank
Deutsche Bank helping Qatar raise funds to buy European football club
Several media reports have claimed Qatar is looking to buy British club Leeds United
Deutsche Bank
Deutsche Bank’s DWS to acquire stake in Dubai-based fintech company
Dubai-based NEO Technologies has previously worked with Kuwait’s NBK Capital
Abraaj Group
Deutsche Bank to sell stake in Abraaj
The German bank has an 8.8 percent stake in the Dubai-based private equity firm
boost profitability
Deutsche Bank said to close Dubai equity research in global cull
Deutsche Bank is cutting a quarter of equities jobs and reducing overall positions by at least 7,000 as CEO Christian Sewing seeks to slash costs and boost profitability
Anti-corruption
Global banks push ahead with Saudi expansion plans
The speed of the purge and the lack of transparency unsettled markets when it started late last year
