EMEA Finance Magazine Europe Names KFH “Best Islamic Bank in Bahrain”
Kuwait Finance House Group received the “Best Islamic Bank in Bahrain” award by the internationally reputed EMEA Finance Magazine Europe,…
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Better together? How to invest in crowdfunding
Turning to the “crowd” for funding a project or venture is becoming increasingly popular in the Middle East and in…
Dubai hotel receives $40.8mn financing from Mashreq Bank
Omniyat has announced that it has secured a financing of $40.8 million from Mashreq Bank for the fit-out of its…
UAE’s exchange houses gearing up for new anti-money laundering regulations
The UAE’s exchange houses involved in the Dh164 billion remittance industry are ramping up measures to combat money laundering, as…
Gulf Bank likely to suffer USD9.2m losses
Gulf Bank, one of the largest banks in Kuwait, is expected to register USD9.2 million of losses after being hit…
Gulf banks to experience decline in asset quality in 2019 — 20
Asset quality of GCC banks are expected to face some amount of deterioration in the next 12 to 24 months…
Alef Group Signs Agreement With Dubai Islamic Bank to Provide Murabaha Financing for Al Mamsha Project
Alef Group, a pioneering Sharjah-based real estate developer striving to provide premier lifestyle experiences, has signed an agreement with the…
Noor Bank inks partnership with Emirates Skywards
Noor Bank has enriched its loyalty, rewards and savings account portfolio by announcing a partnership with Emirates Skywards, the award-winning…
AI an unprecedented opportunity for businesses, says Alawwal Bank MD
Artificial intelligence has created unprecedented opportunities for businesses, provided that they move past the hype and find practical applications for…
Saudi Arabia to raise around $31bn in debt this year
Saudi Arabia plans to issue SAR118bn ($31.5bn) in debt this year to help finance the national budget deficit, the country’s…
J.p. Morgan Private Bank expands Middle East and North Africa team with key banker hire
J.P. Morgan Private Bank has announced that Steve Wainwright has been named Managing Director and senior Banker to the firm’s…
Mashreq leads the UAE’s digital charge
In 2018, the Global Innovation Index again rated the UAE as the most innovative country in the Arab world. …