Singapore private banks target Non-Resident Indians in Middle East expansion
Private banks based in Singapore are aggressively expanding their wealth management operations in the Middle East as they aim to…
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Islamic finance hubs in GCC, Southeast Asia come closer
The fast growing global Islamic economy, estimated at a current value of $6.4tn, has become a main driver for Islamic…
Egypt, UAE and Tunisia among best countries worldwide in developing renewable energy
Egypt, Tunisia, and the UAE have been listed among the World Bank’s list of the best countries developing renewable energy…
Bank Sohar unveils its new brand as Sohar International
As a part of its new vision to become a world-leading Omani service company, Bank Sohar, as it was formerly…
New central bank chief takes office in Israel
The Bank of Israel’s new governor says the country’s financial stability should not be taken for granted in a period…
GCC Islamic banks show stronger growth than conventional peers: Fitch Ratings
Link to Fitch Ratings' Report(s): GCC Islamic Banks: 2018 Compendium - Strong Growth, but Weaker Creditworthiness than GCC Conventional Banks…
Bank of Sharjah open to mergers
The Bank of Sharjah is open to mergers as the consolidation trend in the UAE's banking sector is set to…
Dubai joins India’s GJEPC in its MyKYCBank initiative
Surat: Gems and Jewellery Export Promotion Council (GJEPC) and Dubai Diamond Exchange (DDE), a subsidiary of Dubai Multi Commodity Centre…
Two Saudi sovereign wealth funds among the Top 10 globally
Saudi Arabian Monetary Authority (SAMA) has retained its position as the world’s sixth largest sovereign wealth fund (SWF) with a…
Saudi Arabia's biggest lender NCB in merger talks with rival Riyad Bank
National Commercial Bank, the biggest lender by assets in Saudi Arabia, is in preliminary talks to merge with rival Riyad…
Doha Bank closes QR525mn syndicated term loan facility
Doha Bank has successfully closed a $525mn syndicated senior unsecured term loan facility with a group of leading global and…
Clifford Chance in key Bahrain utility project refinancing role
Clifford Chance, a leading global law firm, said it had played a key role as advisor to Engie, a world…