12/27/2016
Kuwait Financial Centre “Markaz” and Gulf Bank have announced the successful completion of “Markaz” five year bond issue with a nominal value of KWD 25 million, which was oversubscribed.
12/27/2016
Turkish banking, as you can see, is based on solid foundations and continues this feature even in this fragile environment
12/27/2016
Sheikh Mohammad Al-Jarrah, who is also Chairman of Kuwait International Bank, made these remarks in a statement to the press after meeting with the Secretary General of the Arab League Ahmad Abul-Gheit.
12/27/2016
This has left shareholders and investors in a limbo for close to three months.
12/23/2016
The demand on the dollar that has caused the significant increases of late is about to come to an end
12/23/2016
Multiple banking that prevails in the UAE economy, has numerous advantages
12/21/2016
If they cannot get relief from an individual bank, they are able to go to the country's central bank for help.
12/21/2016
Fees from the Middle East reached $581 million during the first nine months of 2016
12/21/2016
Al Rahama stressed the need to mitigate the impact of de-risking by financial institutions in mature markets
12/20/2016
The law is due to come into effect at the end of this month.
12/20/2016
The board also reviewed issues presented by the Financial Control Division, and took appropriate decisions in respect of them.
12/20/2016
His house arrest will last until early January, and prevents him from going near his offices.
12/19/2016
The GAZT’s new approach for listed companies is similar to its approach for unlisted companies where there is a change in shareholding
12/19/2016
The joint agreement iis a true reflection of focus and efforts to enhance the development of the banking insurance system
12/16/2016
GCC growth may tighten further while US is in rate-hike mode
Bahrain and Qatar also raised key interest rates yesterday, following the US Federal Reserve’s decision to raise short-term interest rates on Wednesday evening by 25bps to 0.75 per cent.
12/16/2016
The riyal and most other Gulf Arab currencies are pegged to the U.S. dollar.
12/15/2016
Kuwait central bank raises policy rate by 25 bps
The announcement came minutes after the U.S. Federal Reserve raised interest rates by a quarter point and signalled a faster pace of increases in 2017.
12/15/2016
Saudi c.bank raises reverse repo rate 25 bps, keeps repo at 2 pct
The announcement came about half an hour after the U.S. Federal Reserve raised interest rates by a quarter percentage point and signalled a faster pace of increases in 2017.
12/15/2016
UAE Central Bank amends anti-money laundering rule
New rule strictly prohibits the opening of accounts with assumed names or numbers, among others
12/15/2016
Three Gulf c.banks hike rates to avert currency pressure after Fed move
Pressure on the currencies has eased in recent months as oil prices have begun to rebound and governments have cut spending to reduce their deficits.