EBRD provides US$ 175 million financing package to Turkey’s DenizBank
EBRD US$ 175 million loan helps DenizBank ramp up lending to clients under stress US$ 100 million dedicated to support…
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UAE launches initiative for Islamic finance
UAE launched a new initiative to create a unified global legal and legislative framework for the Islamic finance sector. …
UPDATE 2-Junk-rated Bahrain to brave markets with dollar bond issues
Bahrain has hired banks for a potential dual-tranche dollar bond issue, banking sources said, as the junk-rated Gulf oil producer…
Qatar National Bank expected to sell $750 mln-$1 bln in bonds -sources
Qatar National Bank, the Gulf’s biggest lender, is expected to sell between $750 million and $1 billion in five-year bonds…
Two UAE banks cut credit card limits as COVID-19 crisis deepens
If you activate several new cards, apply for a personal loan or carry a high debt, your limit could be…
Lebanese banks draft national rescue plan that keeps some of their capital
Lebanese banks are working on a national financial rescue plan that would preserve some of their capital rather than writing…
UAE launches initiative for global legislative framework for Islamic Finance
The UAE on Wednesday launched a new initiative to create a unified global legal and legislative framework for the Islamic…
Habayeb named Senior VP of GE and President & CEO of Global Growth Organization
Nabil Habayeb, GE’s President and CEO for the Middle East, North Africa and Turkey, has been named Senior Vice President,…
National Bank of Bahrain launches enhanced virtual training programme
The National Bank of Bahrain has announced a first-of-its-kind Virtual Training Calendar driven by EMIC Training and in collaboration with…
Qatar Wealth Fund seeks $7.6 billion loan backed by stock
Qatar’s sovereign fund is borrowing around 7 billion euros ($7.6 billion) against its stock holdings, as the top liquefied natural…
Turkey push for cheap credit pays off as banks turn on taps
Turkey’s push for cheap credit to mitigate the fallout from the coronavirus is bearing fruit, as companies and consumers take…
QCB launches instructions for financial institutions to address coronavirus risks
The Qatar Central Bank (QCB) has launched a package of instructions for financial institutions operating in the country with a…