UAE Central Bank raises rates in line with US Federal Reserve
The Central Bank of the UAE raised interest rates on its certificates of deposit by 25 basis points on Thursday,…
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Kuwait inaugural $8 billion bond offer oversubscribed
Kuwait on Wednesday announced that it has successfully issued its inaugural dual-tranche $8 billion bond offering into the international debt…
Turkey reassures investors, says Dutch business not at risk
Dutch investment in Turkey is not at risk from the diplomatic row between the two countries, as Ankara's ire is…
Dubai investment bank Shuaa confirms merger talks with Bahrain’s GFH
Dubai’s Shuaa Capital has confimed it has held discussions with GFH with a view to the Bahraini investment group acquiring…
Emirates NBD Asset Management launches India Equity Fund with UTI International
The agreement follows the approval from the UAE Securities & Commodities Authority. The Fund aims to achieve medium…
World’s most expensive burger sells at Dubai auction for charity
The world’s most expensive burger has been sold at auction to raise money for a cancer charity. The Dh36,700…
CIB appoints chief executive
Commercial International Bank Egypt has promoted Hussein Abaza to chief executive, a position which has been vacant since 27 April…
ADIB appoints acting chief executive
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, said that its chief executive Tirad Al Mahmoud is…
Dentons advises Warba Bank on Tier 1 Sukuk issuance
Dentons has advised Kuwait's Warba Bank on its issuance of US$250 million Perpetual Tier 1 Capital Certificates, which completed on…
JPX to boost cooperation with Saudi exchange
Japan Exchange Group Inc., or JPX, said Tuesday that it will strengthen cooperation with the Saudi Stock Exchange, or Tadawul.…
London's City will support Turkey for an era of strong growth
Islamic finance has developed into an important new financial market, with the global Islamic finance sector estimated to have assets…
Four Gulf central banks hike rates after Fed, others may follow
Four Gulf central banks raised interest rates within hours of the U.S. Federal Reserve's rate hike on Wednesday, pressured by…