UAE's Mubadala said to be in talks with potential Cepsa bidders
Mubadala Investment Co is holding talks with potential bidders for its Spanish oil company Cepsa Trading as it weighs alternatives…
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Dubai lenders Mashreq, CBD join FAB in declaring Abraaj exposure
Commercial Bank of Dubai and Mashreq Bank are the latest lenders to disclose their exposure to embattled private equity firm…
Shuaa Capital, Ajman Bank reveal exposure to Abraaj
Shuaa Capital, Ajman Bank and the Commercial Bank of Dubai, have joined the growing list of companies with exposure to…
Portugal’s Novo Banco completes sale of controlling stake in Cabo Verde bank
Portuguese bank Novo Banco has completed the process of selling a 90% stake in Banco Internacional de Cabo Verde to…
Euromoney names the world’s best banks in its 2018 Awards for Excellence
Bank of America was named the world’s best bank in the 2018 Euromoney Awards for Excellence at a dinner held…
South Africa’s Ramaphosa On Investment Drive In Middle East
South Africa’s President Cyril Ramaphosa, who has concluded his working visit to Nigeria, will continue with his three-nation visit which…
BisB signs deal to offer personalised concierge services
Bahrain Islamic Bank has entered into a partnership with personal assistance service provider Peacock Concierge for its Al Thuraya Privileged…
Qatar National Bank second-quarter net profit rises 5.7%
Qatar National Bank reported a 6.3 percent increase in second-quarter net profit on Wednesday, as a rise in net interest…
Blockchain And Islamic Banking Are Working Together, And Everyone Stands To Benefit
More and more banks in the Islamic world — a community of nearly 2 billion people worldwide — are adopting…
Changes to the taxation of UK property for Middle Eastern investors
The UK Government on 6 July published its draft Finance Bill provisions confirming that a significant change to the property…
Capital Intelligence affirms GIB ratings
Capital Intelligence Ratings (CI) has affirmed Gulf International Bank’s (GIB) long-term Foreign Currency Rating (FCR) at A+ and short-term FCR…
Suspension lifted at Holborn Assets
Holborn Assets had its insurance intermediary licence suspended on 18 June after having violated rules introduced in 2013 concerning the…