Saudi said to plan domestic sukuk issue to boost market
Saudi Arabia is planning a sale of Islamic bonds in riyals to local institutions this year to help boost the…
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SoftBank gives Saudi Arabia a quarter of ARM
Softbank said that it will sell a 25 percent stake of ARM Holdings to an investment fund created in partnership…
Dubai Regulator Signs FinTech Pact with Singapore’s Central Bank
The Monetary Authority of Singapore and the Abu Dhabi Global Market (ADGM) have signed a cooperation agreement to develop and…
Dubai Islamic Bank wins Best Sukuk House at EMEA Finance Middle East banking awards 2016
Dubai Islamic Bank, the largest Islamic bank in the UAE, has been awarded with “Best Sukuk House” at the EMEA…
Egypt reforms must focus on investment: World Bank
Egypt needs to implement economic reforms aimed at encouraging more private investment and moving away from subsidies toward targeted transfers…
Abu Dhabi finance regulator pens fintech agreement with Singapore central bank
Abu Dhabi Global Market is working with its equivalent in Singapore to help it create the right environment to encourage…
UAE banks lead the GCC banking sector in terms of asset volume
Statistics from the Central Bank of UAE for FY 2016 show that the UAE banking sector has a total asset…
UAE's Union National Bank to open China branch, expand in Egypt
Union National Bank, 50 percent owned by the Abu Dhabi government, will open its first branch in China next month,…
Qatar's QInvest eyes luxury developments in US
In partnershipe with a GCC investor, Qatar’s QInvest has acquired a plot of land on South Boulevard in Charlotte, North…
Is Kuwait Prone to Become a Financial Centre?
The history of Kuwait’s economy has been one intimately intertwined with oil. Once a regional entrepot for pearl diving…
Gulf Bank records a profit of KD 43 million
Gulf Bank concluded its Annual General Meeting at the Jumeriah Messilah Hotel Kuwait yesterday. Shareholders approved the Bank’s audited…
Oman’s Bank Muscat signs $525 million loan
Bank Muscat, Oman’s largest bank by assets, has signed to obtain a $525 million syndicated loan, banking sources said. …