Saudi Aramco to launch first public bond sale
Saudi Aramco is set to launch its first public bond sale, of around $2bn, as soon as this month, as…
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NBAD, FGB 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…
Lankan group secures $35m funding from ME banks
People’s Leasing & Finance, an industry leader in Sri Lanka, said it has successfully raised $35 million in funding from…
M1 increases by 1.9 per cent: UAE Central Bank
The money supply aggregate M2 also increased. It went up by 1.1 per cent, from AED 1230.2 billion at…
Alpen advises People's Leasing, Sri Lanka to raise funding from UAE
The three year US Dollar term loan facility has been funded by way of a Club Deal by the National…
Mashraq uses beacon technology to make financial life easier
In its latest fintech launch, the UAE’s Mashraq bank is deploying beacon technology to ensure its customers get the loyalty…
Emirates Global Aluminium plans IPO, banks pitch for role
Emirates Global Aluminium, one of the world’s top five producers, has invited banks to pitch for a role in its…
Emirates NBD unit says reit listing is oversubscribed
Shares in the UAE’s second real estate investment trust will be listed on Nasdaq Dubai this week at an offer…
UAE named in $20bn Russian money laundering scheme
The UAE allegedly received more than $434 million from a vast Russian money laundering scheme between 2011 and 2014. …
Qatari banks to see robust credit demand in coming years
Commercial banks in Qatar “will continue to benefit” from robust demand for credit over the coming years, BMI Research has…
Egypt's CIB bank sells 74.75% stake in CI Capital
Egypt’s largest listed lender, Commercial International Bank announced Monday selling a 74.75 percent stake in its investment banking arm CI…
First Robot Cop to join Dubai Police Force in May
The first robot cop is expected to join Dubai’s police force in May. Officials in Dubai unveiled plans to…