ABK wins Best Retail Bank in Kuwait award 2017
Al Ahli Bank of Kuwait recently won the prestigious Best Retail Bank in Kuwait award from The Asian Banker for…
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UAE credit growth picks up pace in February led by GRE borrowing
Credit growth in the UAE strengthened to 0.5 per cent month on month in February, the fastest pace since September…
Muscat accountant defrauds UAE-Oman joint venture of Dh3.7m
An Indian accountant working for a construction firm in Muscat defrauded his employers of Dh3.7 million by changing the company’s…
New Regime for Security over Movables in the UAE
UAE Federal Law No. 20 of 2016 on Mortgages of Movables was published in the Federal Gazette on 15 December…
UBF CEOs Advisory Council meeting charts the course for the UAE banking industry
The CEOs Advisory Council of the UAE Banks Federation, a professional representative body comprising 49 member banks operating in the…
UAE slams continued Israeli colonisation of the West Bank
The Permanent Representative of the UAE to the United Nations, Ambassador Obaid Salem Al Za’abi has slammed ongoing Israeli colonisation…
World’s billionaire population shrinking, but not in the Middle East
For the first time since the global financial crisis, the number of billionaires across the world fell, but in the…
Bahrain Middle East Bank says AN Investment to acquire 33.1 pct of bank
AN Investment confirms its firm intention to make a voluntary unconditional offer to acquire 33.1 percent of issued and paid-up…
A roundup of Emirates Investment Bank’s 2017 GCC Wealth Insights Report
Emirates Investment Bank today published ‘GCC Wealth Insight Report’ for 2017. The Report is now in its fourth year…
NBAD, FGB said to pick investment banking team for merged bank
National Bank of Abu Dhabi PJSC and First Gulf Bank PJSC picked a new investment banking team as Abu Dhabi’s…
Saudi Binladin creditors agree to $1.1 bln financing extension
Saudi Binladin Group’s creditors have agreed to extend by two years a 4 billion riyal ($1.1 billion) Islamic credit facility…
ASAR acts as Kuwait legal counsel on dual-tranche $8 bn issuance
Al Ruwayeh & Partners, Kuwait's leading and most prominent corporate law firm, and one of the region's top tier law…