SABB named Best Trade Finance Bank
The Saudi British Bank has been named by Euromoney as the “Best Trade Finance Bank” in Saudi Arabia for 2017.…
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QNB denies reports that it is acquiring a loan from China
The statement said, “QNB Group announced that the news, which have been circulated in the media on assigning a Chinese…
Qatar's Doha Bank Q4 net profit falls 85 pct
Doha Bank, Qatar's fifth-largest lender by assets, reported a 84.8 percent decline in fourth-quarter net profit on Sunday, according to…
IBQ wins 'Best Customer Centric Banking Brand Qatar' award for 2016
International Bank of Qatar has won the 2016 ‘Best Customer Centric Banking Brand Qatar' in recognition of its 'exceptional commitment…
Abu Dhabi merges sovereign wealth funds
Abu Dhabi has completed a $125 billion merger of sovereign wealth funds, as the emirate attempts to diversify investments away…
UAE bank deposits up by Dh42b
Total bank deposits in the UAE increased by Dh41.7 billion in December 2016 due to a Dh25.9 billion increase in…
London-based renewables investment adviser to open Dubai office
Quercus Investment Partners, a London-based investment adviser, plans to open an office in Dubai to tap growing potential for investment…
Economic recovery and investment opportunities in store for 2017
The National Bank of Abu Dhabi (NBAD) has published its Global Investment Outlook 2017, examining the trends and issues likely…
Saudi British Bank turns in 10 per cent drop in annual profits
Profits for Q4 2016 slumped by 35.36 per cent to SAR 607 million. Earnings per share were SAR 2.6, down…
Emirates Real Estate Fund secures $190m finance
Emirates Real Estate Fund (EREF) has agreed a $190.6 million (Dh700 million) Shari’a compliant finance facility with Emirates NBD, on…
Mashreq – first bank in the region to have early access to Samsung Pay
Mashreq has announced today that it is the first bank in the region to offer its customers early access to…
Citigroup, HSBC Said Among Banks Hired for Debut Kuwait Bond
Kuwait picked six banks to advise on its first international debt sale as the OPEC member joins other Gulf Arab…