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GCC banks set for hectic fund-raising
According to the International Monetary Fund's October 2016 outlook, in 2017, the economy of Saudi Arabia is expected to grow…
UAE's ADIB issues capital-protected equity investment structured note
Abu Dhabi Islamic Bank, a leading financial institution, has launched its first Sharia compliant equity investment structured note of the…
Chinese firms expand footprint in Dubai commodities free zone
Dubai's Multi Commodities Center, the largest free zone in the United Arab Emirates, is counting on rising UAE-China relations for…
Citizenship-by-investment: Want to acquire a Turkish passport?
Are you fed up with your green passport? After all, it is among the worst one to have in terms…
RESEARCH: Are billionaires feeling the pressure?
UBS Group AG and PwC havepresented their joint annual billionaires report, “Are billionaires feeling the pressure?” The report examines…
Qatar National Bank Q4 net profit up 8.3 pct
Qatar National Bank, the Gulf's largest lender, reported a 8.3 percent increase in fourth-quarter net profit, according to Reuters calculations…
Oman's Bank Muscat Q4 profit up 1.3 pct, in line with estimates
Bank Muscat, Oman's largest lender, posted a 1.3 percent increase in fourth-quarter net profit on Sunday, according to Reuters calculations,…
Bank Muscat’s net profit edges up to OMR177m
Bank Muscat, the leading financial institution in the Sultanate, posted a net profit of OMR176.56 million for 2016 compared to…
Emirates Islamic launches Cashback Plus Visa signature credit card
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has the launch of its Cashback Plus Visa…
First local bank to launch Virtual Corporate Card
Mashreq Corporate Virtual Cards, an electronic payment platform, built on Mastercard’s In Control platform, provides some of the highest levels…
Bank of Baroda sees improved profitability and asset quality in 2017
Bank of Baroda, the only Indian bank that has full-fledged onshore banking operations in the UAE expects to see strong…