GCC bank profits expected to improve in 2017
Profitability of Gulf Cooperation Council banks are expected to improve this year after going through a slowdown last year according…
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Doha Bank wins “Best Commerical Bank, Qatar 2016 “at IFM Awards
Doha Bank was honoured with the “Best Commercial Bank Qatar, 2016” in the “Commercial Bank Category “at the International Finance…
MUFG hires two PWC executives to EMEA investment banking team
Mitsubishi UFJ Financial Group appointed Stuart Randell and Anders Maehre to the leveraged finance team in its EMEA investment banking…
Qatar Investment Authority said to seek further $2bn deal with Russia
Qatar’s sovereign wealth fund is reportedly planning to invest a further $2 billion in Russia following its landmark deal to…
Conflict, border closures and rate hikes cause pain for Jordanian banks
Moody's Investors Service says that although credit risks remain high for banks in Jordan, their sound capital and liquidity provide…
Dentons advises AFC on its inaugural Sukuk issuance
Dentons advised Africa Finance Corporation, a leading pan-African multilateral development finance institution and project developer, on its inaugural issuance of…
Iran, Turkey sign MoU on banking coop.
To reach a trade volume of $30 million by the end of 2017, Iran and Turkey started a joint committee…
Qatar's total domestic public debt rises by QR29.7bn to QR427.8bn
Qatar’s total domestic public debt, including the issuance from government; government institutions and quasi-governmental institutions, rose by QR29.7bn to reach…
KWM Europe and Middle East real estate chief takes Paris team to Paul Hastings
Paul Hastings has hired a team of lawyers from King & Wood Mallesons’ Paris office, led by former Europe and…
Dubai Islamic Bank profit up 6pc to $1.1bn
Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE by total…
Abu Dhabi Investment Council’s stake in ADCB rises after lender’s capital reduction
Abu Dhabi Commercial Bank says its main shareholder, the Abu Dhabi Investment Council, now owns 62.52 per cent of the…
Mideast Stocks – Saudi And Kuwait Continue Uptrends, UAE Pulls Back
Stock markets in Saudi Arabia and Kuwait continued uptrends on Wednesday, attracting regional investors' money away from the United Arab…