Turkey’s wealth fund hires banks for first foreign loan
Turkey’s sovereign wealth fund (Varlık Fonu) hired Citigroup Inc. and Industrial Commercial Bank of China Ltd. to coordinate a 1…
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Jordan's AJIB to release instant bank cards with Network Int'l
Arab Jordan Investment Bank (AJIB) was announced to be now cooperating with Network International for the immediate implementation of active…
Bank Muscat's Asset Management Division Marks RO1bn Milestone
Bank Muscat’s private equity and asset management division marked a major milestone of crossing RO1bn assets under management. The…
UAE’s Mashreq bank hires banks ahead of dollar bond sale
Dubai-based Mashreqbank has hired banks to arrange fixed income investor meetings ahead of a potential issue of five-year U.S. dollar-denominated…
Central Bank of Kuwait to appoint independent Shari’ah Supervisory Board
Kuwait’s central bank is working on a draft law which will allow it to appoint an independent Shari’ah Supervisory Board,…
Dubai Islamic Bank marks listing of $750m bond
Dubai Islamic Bank on Wednesday marked the listing of a $750 million sukuk — or Islamic bond — on the…
QIIB honours four employees for exceptional performance
QIIB honoured four employees for their exceptional performance during 2018 in the quality of service provided and meeting customers’ requirements…
HSBC Qatar appoints Omar al-Ansari as head of Retail Banking and Wealth Management
HSBC Qatar has announced the appointment of Omar al-Ansari as head of Retail Banking and Wealth Management in Qatar. …
Cost of living to decline in UAE on falling rents, lower oil
Inflation in the UAE is set to decline substantially this year, thanks to falling rents, lower oil prices, strengthening dirham…
Ajman Bank Wins The Best Emiratization CEO Award
The award was bestowed on Mr. Mohamed Amiri in recognition of his vision, leadership and achievements towards Emiratization at Ajman…
Middle East investors retreat from western property deals
Middle Eastern investment into western commercial property fell more than a third last year as lower oil prices and concerns…
Bob Diamond steps down as chair of African banking group Atlas
Former Barclays chief executive Bob Diamond stepped down as chairman of Atlas Mara as the pan-African banking group he founded…