Qatar Investment Authority to refinance Porta Nuova district’s debts
The Qatar Investment Authority intends to refinance their debts on Milano Porta Nuova and Varesine, the two complexes acquired in…
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Dubai's Shuaa Capital buys 14 percent stake in Bahrain's Khaleeji Commercial Bank
Shuaa Capital, a leading financial services firm in the UAE, has concluded a 14 per cent of ownership stake in…
Arab Islamic Takaful insurance firm launched
A new Takaful insurance firm has been launched as a Kuwaiti joint stock close company with capital worth KD 5…
Winter of Discontent:Iranian Banks and the Need for Reform
The brouhaha surrounding the condition of Iranian banks is valid, as the crisis has been brewing for a long time.…
OAB Honours 51 Long Service Employees
In recognition of their dedicated years of service, Oman Arab Bank honoured 51 long-term and retired employees with a special…
Indonesia and Egypt attract Saudi investors
Governor Sunjaya Purwadi Sastra of Cirebon, a port city in northern West Java, Indonesia said bilateral trade between Indonesia and…
Year in review: NBAD-FGB merger to set tone for UAE banking sector in 2017
UAE banks didn’t have the best of years in 2016 amid an oil-inspired economic slowdown but a successful completion of…
Three foreign lenders show strong interest in Turkey: Banking watchdog
Three foreign banks have voiced strong interest in Turkey and they are likely to enter Turkish markets in 2017, Mehmet…
KFH launches ‘investment plans marketing’ campaign
Kuwait Finance House has launched a new marketing campaign dedicated for the long term saving and investment plans as part…
Markaz successfully closes a 5-year KD25 million bonds issue
Kuwait Financial Centre Markaz and Gulf Bank announced in a joint statement the successful completion of Markaz 5-year bond issue…
UAB chief vows to fight money laundering, terror financing
Chairman of the Union of Arab Banks Sheikh Mohammad Al-Jarrah Al-Sabah said on Monday that UAB is firm on dealing…
UAE banks stay rooted in stability despite challenges
The banking system in the UAE was remarkably resilient in the face of multiple challenges throughout 2016 be it low…