10/17/2014
United Overseas Bank, Singapore’s third-largest bank by assets, has become the first bank in the Asian city-state to expand its futures business to the Middle East, with plans to become a clearing member of the Dubai Mercantile Exchange.
10/15/2014
First Gulf Bank, the second largest lender by market capitalisation in the United Arab Emirates, on Wednesday said it was selling its 45 per cent stake in brokerage First Gulf Financial Services to an Abu Dhabi investment company.
10/15/2014
The mandate runs for six months, but leads are hoping to complete the preparations within two months to give the issuer the option of launching the deal this year, the sources added.
10/14/2014
Opening this subsidiary is part of Ashmore's strategy to build local businesses in key emerging markets
10/14/2014
The bond will have a ten-year lifespan, with an option for the issuer to redeem it after the fifth year, and will be priced at 2.25 per cent over the central bank of Kuwait's discount rate.
10/13/2014
The award of major metro and rail contracts in the Middle East has made the region among the most important sources of new work for all those designing, building, supplying and operating railways.
10/13/2014
Receiving yet another laurel for excellence, Bank Sohar received the ‘Business Excellence Award’ recognition respectively from the Texas based, World Confederation for Business (WORLDCOB) at the Bizz Arabic 2014 Awards.
10/13/2014
The projected federal spending of one of the world's top crude oil exporters is up from 46 billion dirhams in the original budget for 2014.
10/12/2014
Emirates NBD Asset Management Limited the asset management arm of Emirates NBD , a leading bank in the region, announced today the launch of eight new funds under the Emirates NBD SICAV platform in Luxembourg.
10/12/2014
Qatar, along with four other GCC countries, has told the International Monetary Fund that it is looking for the Fund’s help to develop a better ‘inclusive development strategy’.
10/12/2014
The Al-Dhawahi Fund was established by Swicorp in partnership with Nesaj Development Company, a subsidiary of the Al-Fozan Group.
10/12/2014
Following a highly successful international investor roadshow, National Bank of Oman on Saturday announced that the first bond issuance under its new euro medium-term note programme was more than three times oversubscribed.
10/12/2014
Wealthy Qatari investor lines up €27m approach for luxury hotel and golf resort
First round bids are expected later this month.
10/10/2014
Derek Quinlan, the Celtic tiger financier, has held talks with AGC Equity Partners, a Middle East and UK-based fund with $2 billion equity under management, about raising cash to get back into business, according to property sources.
10/10/2014
Authorities are mulling ways to insure bank deposits against risks of loss and provide protection to other investors.
10/09/2014
Kuwait’s market regulator has suspended trading in shares of Gulf Finance House over the non-disclosure of the intended sale of Leeds United Football Club last year.
10/09/2014
Following Nemir Kirdar’s decision to retire as Executive Chairman and CEO at the end of the current fiscal year on 30 June 2015, the Investcorp Board of Directors Nominating Committee and the Board of Directors have accepted his recommendation that
10/08/2014
Fund offered for subscription for SR 10 per unit, aims at achieving capitalistic growth Saudi Kuwait Finance House announced the launch of subscription in its second investments fund named in Saudi Riyal.
10/06/2014
Two Dubai-based law firms said they were undertaking the preparatory work for new funds using the structure, with a view to launching them before the end of the year.
10/06/2014
Saudi Arabia's National Commercial Bank plans to raise SR22.5 billion in a flotation this month, it said in a statement, the biggest ever share sale in the Middle East.