Saudi fund says no plan to cut local equity holdings
Saudi Arabia’s Public Investment Fund, the country’s main sovereign wealth fund, said it had no plan to sell stakes in…
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Qatar's Doha Bank picks banks for conventional bond issue -sources
Doha Bank, Qatar's fifth largest lender by assets, has picked banks for a conventional bond issue, banking sources said on…
Bahrain approaches banks about sukuk sale in Q1 2017
The kingdom of Bahrain is in talks with lenders for an Islamic bond, or sukuk, which is expected to be…
HRH Premier receives KFH board chairman
His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa received the Chairman of the Board of Directors of…
ENBD’s Fitness Account wins innovation award
Emirates NBD, a leading bank in the region, was honoured by Efma and Accenture with a ‘Bronze Digital Distribution’ award…
Abu Dhabi Said to Mull More Bank Mergers After NBAD-FGB Deal
Abu Dhabi is considering more mergers to boost its financial services industry after combining National Bank of Abu Dhabi PJSC…
Saudi Arabia is wrestling down money rates, central bank says
Saudi Arabia's central bank is succeeding in wrestling down market interest rates and expects to see further declines as it…
Doha Bank CEO calls for new business models to suit the ‘digital ecosystem’
There is a need to transform business models to explore the benefits of a digital ecosystem, said Doha Bank CEO…
World’s Largest Lender ICBC Joins Dubai DGCX as a Settlement Bank
The UAE’s commodities and currency derivatives bourse, Dubai Gold and Commodities Exchange, said on Wednesday that Industrial and Commercial Bank…
Saudi central bank OK with foreign reserves level
Saudi Arabia has a “very comfortable” level of foreign reserves, the central bank chairman said Monday, in spite of a…
Dubai's Shuaa says gets regulatory approval for ADFG to buy stake
Dubai's Shuaa Capital said on Tuesday it has received regulatory approvals allowing Abu Dhabi Financial Group to buy a 48.36…
Dubai ruler issues decree on mortgaging granted lands in the emirate
Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum issued Decree No (31) of 2016 on mortgaging granted lands in the…