Lebanon to start IMF negotiations in next two days, says minister
Lebanon will start negotiations with the International Monetary Fund (IMF) in the next two days, Finance Minister Ghazi Wazni said…
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Turkey to add $3bn to state banks’ capital over virus
Turkey’s sovereign wealth fund will inject 21bn liras ($3bn) into three state lenders to strengthen their capital positions and minimise…
FAB and Bahrain Clear sign depository agent agreement
First Abu Dhabi Bank, FAB, recently signed a 'Depository Agent Custodian' agreement with Bahrain Clear to offer custody services at…
Moelis & Co granted advisory licence in Saudi Arabia -CMA
U.S. investment bank Moelis & Co MC.N has been granted an advisory licence by Saudi Arabia, the Capital Market Authority…
How much will oil price drop hit the Middle East wealth market
The economies and infrastructure in the Middle East have been primarily built up by the wealth generated from its large…
Virus crisis highlights potential role of Islamic finance in reaching sustainable development goals
Amid an ongoing severe global healthcare crisis caused by the relentless spread of Covid-19 across the world, some research institutions…
Emirates Investment records losses in Q1-20
Emirates Investment Bank incurred net losses of AED 6.07 million during the first quarter of 2020, against net profits of…
EBRD extends US$125 million in new funds to Turkey’s Enerjisa
EBRD US$125 million loan to Enerjisa Enerji helps keep lights on for 21 million people New funds to strengthen cash…
Mubadala begins marketing three-tranche dollar bonds – document
Abu Dhabi’s state fund Mubadala began marketing on Tuesday a three-tranche dollar bond offering consisting of six-year and 10-year conventional…
More Arab Countries Could Start Hiking Taxes to Boost Economies
More Arab economies may need to follow Saudi Arabia in hiking taxes to replenish reserves that have been savaged by…
Al Salam Bank-Bahrain introduces WhatsApp banking
Al Salam Bank-Bahrain, the pioneering Sharia-compliant bank in the kingdom, introduced WhatsApp banking services to empower customers to conduct online…
Turkey Lifts UBS Lira-Ban
The ban to trade in Turkish lira proved a short-lived experience for UBS and two other big banks. The damage…