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The UAE is on track to emerge as the best-performing economy in the MENA region in 2017 and 2018, according…
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ADIB and AAIB led AED 325 million Islamic financing facility for real estate developer Omniyat
Abu Dhabi Islamic Bank has acted as the Bookrunner, Underwriter and along with Arab African International Bank as Mandated Lead…
Jordan's Arab Bank group says 2016 net profit rose 20 percent
Jordan's largest lender, Arab Bank Group, said on Saturday its 2016 net profit rose 20 percent to $533 million, saying…
GIB successfully launches US$500 million five year bond
Gulf International Bank’s latest bond issue met with robust demand as the bank on 18th January, 2017 successfully priced its…
Abu Dhabi lender Al Hilal Bank’s CEO steps down
Abu Dhabi-based Islamic lender Al Hilal Bank announced that CEO Khaled AlKhoori will be stepping down from his role. …
Asset quality of GCC banks expected to weaken further
The less-supportive economic environment is expected to result in further deterioration in asset quality. As of September 30, 2016,…
Alternatives thrive as UAE investors cast nets wide
The 30 year bond rally as well as a US equity market rally nearing 10 years are making local investors…
Once-sleepy Saudi sovereign wealth fund shakes global finance
Among the throngs who descended on Davos this year, a big drawcard for some of the world’s most influential financiers…
London property remains in demand even as bankers head for exit
Appetite for prime commercial property in London from Gulf investors remains strong despite concerns about Brexit and the potential relocation…
Ease of doing business in Dubai attracts investors
Hatta witnessed a 17.2% increase in the number of businesses during the 2012-2016 period and by the end of 2016,…
Tighter regulations for GCC insurers
Insurers in Gulf Cooperation Council (GCC) markets are coming under pressure to increase retention levels for high-rise buildings to demonstrate…
Abu Dhabi Global Market launches 50 SPVs
Abu Dhabi Global Market, an international financial centre, has registered more than 50 Special Purpose Vehicles with continuous strong interests…