Abu Dhabi Commercial Bank picks Barclays to advise on Union, Al Hilal merger
Barclays has been appointed by Abu Dhabi Commercial Bank to advise on a potential merger plan involving Union National Bank…
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Gulf International Bank Successfully Raises $500 Million Financing Facility
Gulf International Bank B.S.C. announced today that it has successfully closed a US$500 million three-year financing facility with a group…
UAE and Singapore exempt from IOM disclosure rules
The Isle of Man Financial Services Authority has confirmed that eight jurisdictions have been given exemptions to providing Key Information…
Abu Dhabi signals global ambition with 2 million-barrel oil hike
Abu Dhabi signalled its ambitions to send more oil and gas around the world as it woos investors to fields…
Jersey Finance research highlights challenges of wealth transition in the Gulf region
HNW clients in the Gulf region are poorly prepared and inadequately structured for the transition of wealth across generations. That’s…
Warren Buffett to expand his real estate empire to Dubai
One of Warren Buffett’s real estate brokerages waited 18 years to sign its first overseas franchise deal. Now the firm…
QIB adjudged Qatar’s ‘Best Consumer Digital Bank’ by Global Finance magazine
Qatar Islamic Bank received ‘Qatar’s Best Consumer Digital Bank Award 2018’ from the Global Finance magazine, becoming the first entity…
Iran cut off from SWIFT banking system
Washington: Designated Iranian financial institutions have been cut off from the SWIFT messaging service, according to Sigal P. Mandelker, the…
GFH third quarter profit climbs 23.3% on investment banking activities
GFH Financial Group, the Bahrain-based Sharia-compliant investment firm, said third quarter net income surged 23.3 per cent, boosted by its…
UAE ups retirement destination appeal
With the introduction of several new reforms and the recently announced retirement law, the expat population now increasingly looks at…
Report: Middle East countries safer than Europe, US
A new report has revealed that a number of Middle Eastern countries are safer than the USA or many countries…
Bank Sohar issues life insurance policies
Delivering on its commitment to banking excellence through increased efficiency in service delivery turnaround times, Bank Sohar has promised immediate…