GCC bank consolidation may accelerate amid lower oil prices
Consolidation among GCC banks may gather pace if lower oil prices increase competitive pressure in the region, according to Fitch…
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Kuwait Real Estate and IFA sign AED 198mln agreement with Darwish Engineering
Kuwait Real Estate Company, in collaboration with its subsidiary IFA Hotels and Resorts, has announced the signing of a…
United Arab Bank launches strategic Rights Issue to raise up to $280.4mln
United Arab Bank PJSC (UAB), listed on the Abu Dhabi Securities Exchange (ADX) announced that it proposes to increase its…
The role of credit data in enhancing ICV in Oman
The Sultanate of Oman is undergoing a significant economic transformation, driven by its Vision 2040 strategy that emphasizes diversification, innovation,…
Dukhan Bank announces launch of major promotional campaign in partnership with Visa
Dukhan Bank has announced the launch of a major promotional campaign in partnership with Visa, a global leader in digital…
HAYAH lowers entry to savings solution for UAE residents
HAYAH Insurance Company, the Abu Dhabi-headquartered provider, has expanded access to its Simple Saver online solution, by making it accessible…
UAE halts hike in minimum bank account balance until further notice
The UAE Central Bank ordered all banks to halt planned hikes to the minimum balance requirement for personal accounts on…
Claritev appoints Mohamed Ramzy as SVP and General Manager, International to lead geographic expansion
Strategic leadership and operational collaboration underscore Claritev’s commitment to growth in the Middle East and international business development outside the…
Global private equity dealmaking slows down amid headwinds
Global private equity dealmaking started to slow down in the second quarter of the year amid uncertainty and recent turmoil…
Qatar Islamic Bank mandates for USD 5-year sukuk
Qatar Islamic Bank , rated A1 by Moody’s / A by Fitch, has mandated banks to arrange a USD-denominated Reg…
Akin Grows Investment Management Practice in Abu Dhabi with Addition of Skye Smith
Akin has announced that Skye Smith has joined the firm as a partner in its investment management practice. Smith will…
Bahrain Bourse announces election of Yousif Abdullah Al Yousif as Chairman of the Board during first meeting held following the board reformation
Bahrain Bourse, a licensed exchange by the Central Bank of Bahrain, held its first Board Meeting on Sunday, 1st June…