Saudi British Bank to establish sukuk program of upto $2 bln
Announces its intention to establish sukuk program and to issue sukuk thereunder inside or outside Kingdom Of Saudi Arabia …
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Card scam gang arrested after Dh1 million UAE spending spree
Four men managed to spend Dh1 million on cloned credit cards after copying bank data from customers across the world.…
AFS Fintech Forum highlights need for innovative banking solutions
Bankers, regulators and Fintech experts from around the world met at the AFS Middle East and Africa Fintech Forum, held…
Merged U.A.E. Banking Giant Seen Earning Bigger MSCI Weighting
A mega-merger of the two biggest banks in the United Arab Emirates should leave the combined company with a larger…
Millennials' interest 'spurs leisure boating sector'
UAE based Gulf Craft, a manufacturer of luxury yachts and fibreglass boats, said that growing private wealth and marine…
GCC banks see decline in profits for first time since 2008: Report
The impact of the decline in oil prices has hit the banking industry. Due to a severe increase in…
UAE Bank credit to industrial sector grew 190 percent in 10 years
The UAE bank credit to the industrial sector grew by 190 percent to AED70 billion over the past decade, accounting…
Turkish Riviera attracts high net worth travelers from the Gulf
At the heart of the Turkish Riviera, stunning Bodrum is an alluring seaside escape for Arabian Gulf-based travelers, according to…
Japan's Mitsubishi UFJ bank optimistic on Saudi project finance, Aramco IPO role
Mitsubishi UFJ Financial Group expects double-digit growth in its project finance business in the Middle East in 2017, driven partly…
Citi applies for capital markets licence in Saudi Arabia
Citigroup has formally applied for a licence to conduct capital markets business in Saudi Arabia, two sources familiar with the…
Commercial Bank’s long-term foreign currency and financial strength ratings lowered
The downward revision in the FSR is due to weakening asset quality, tight liquidity metrics, albeit that some are better…
Accenture launches upgraded banking technology platform at NCB
The highly complex project which took approximately two years to complete, was part of NCB’s NextGen programme, also undertaken with…