Saudi banks see no significant impact from lira depreciation
There has been no significant impact from the depreciation of the Turkish lira on the results and quality of Saudi…
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DFSA applies limits on Abraaj Capital’s activities in DIFC
Abraaj Capital Limited (ACL), the only company belonging to the beleaguered Abraaj Group, regulated by the Dubai Financial Services Authority…
These UAE private sector workers will get a six-day holiday
Expecting a low turnout of employees as well continuity of operations, some companies in the UAE have switched Eid Al…
Dubai crypto firm says working with GCC regulators to overcome Saudi ban
BitOasis, the Dubai-based cryptocurrency exchange, has said it is working with regulators across its key markets across the GCC to…
Emirates Islamic offers incentive on EV financing
Emirates Islamic, a leading Islamic financial institution in the UAE, is encouraging customers to Go Green by offering up to…
Burgan Bank’s operations in Turkey fully hedged against lira fluctuations
Burgan Bank Group commented yesterday, in light of the current situation in Turkey, that Burgan Bank A S – Turkey…
Kuwait’s Warba Bank receives licence to conduct securities activities
Kuwait-based Warba Bank announced that it has obtained licence from the Capital Market Authority (CMA) to engage in certain securities…
Trade Bank of Iraq puts Turkey bank acquisition plans on hold
Trade Bank of Iraq (TBI) has put on hold plans to buy a commercial bank in Turkey because of the…
Arabian Gulf 2018 sovereign bond sales may reach $53bn topping 2017 issuances
Arabian Gulf state bond issuances in 2018 are likely to surpass the $49.5 billion (Dh181.67bn) raised through the sovereign deals…
Abu Dhabi's Mubadala sells 3% stake in RHB Bank
Abu Dhabi sovereign wealth fund Mubadala Investment Co has sold off an estimated 3% of its stake in RHB Bank…
Increasing Islamic banking’s global linkage
Are you working to expand Maybank Islamic into Dubai? It’s something that we’re considering. I think for us it…
Bahrain Islamic Bank Provides Financing for Potential Residents of the Janayin Al Hamala Project
Bahrain Islamic Bank (BisB) has recently signed an agreement with Kingdom Properties Real Estate S.P.C. to provide property financing for…