White House denies GOP accusations $400m sent to Iran was 'ransom payment'
The White House on Wednesday denied renewed accusations that it paid Iran a ransom for the release of four American…
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Bankers can finally look forward to merger activity
The GCC’s investment bankers must be a stressed lot – too much work and such little reward. The fee-based…
State-owned firms plan to raise fund from abroad
Several state-owned companies and private firms in Oman are planning to raise funds from Several state-owned companies and private firms…
Draft to launch Turkish sovereign wealth fund sent to parliament
A draft law for the establishment of the Sovereign Wealth Fund of Turkey was sent to parliament in a bid…
Another bank to shut up shop
Habib ceasing Manx operations Another bank has confirmed it's pulling out of the Island. Habib European Bank has…
Israeli Bank Helped US Clients to Cheat Taxes
According to United States prosecutors, an employee of Bank Leumo Le-Israel devised a novel method to assist an American client…
QIIB completes issuance of QR1bn Sukuk
QIIB has successfully completed the issuance of QR1bn Sukuk, the Bank said in a statement to Qatar Exchange. The…
Govt wakes up to plight of Pakistanis in Saudi Arabia
Prime Minister Nawaz Sharif on Tuesday directed officials in Islamabad and Riyadh to help over 8,000 Pakistani workers who have…
GCC bonds & Sukuk market gets a new life in Q2
The GCC bond and Sukuk market demonstrated improved activity in Q2 2016 especially on the sovereign front as the market…
Advanced phases of cooperation between BAB and CBB
The Bahrain Association of Banks board of directors reviewed their collaboration with the Central Bank of Bahrain through a meeting…
Kuwait's Burgan Bank says Q2 net profit falls by 14%
Burgan Bank, Kuwait's third-largest lender by assets, reported a 14 percent fall in second-quarter net profit on Tuesday. A…
Weak oil and global bourses pull down Gulf; Egypt rises
Weak oil prices and global equity markets pulled down stocks in the Gulf yesterday, with some Saudi Arabian petrochemical shares…