AUB acquires 40 percent shares of MEFIC Capital
Ahli United Bank Group, a pan GCC banking group, has obtained the necessary regulatory clearances to acquire 40 percent shares…
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Qatar-turning-to-international-debt-markets-to-shore up its finance,says Markaz
Qatar “is in talks” with banks about a sovereign sukuk issue, and is “looking to cover” a $12.8bn deficit by…
Global Banks Approach Israel Over Sale of Credit Card Units
Global investment banks have recently expressed interest in the sale process of Israel’s two biggest credit card businesses, according to…
UAE payments firm in talks with Iranian banks
Network International, the largest payments processor in the Middle East and Africa, could begin working with some of Iran's largest…
Dubai Islamic Bank wins record nine accolades at Islamic Finance News Awards
Dubai Islamic Bank, the largest Islamic Bank in the UAE, announced today that it has won a record nine accolades…
Iranian billionaire Babak Zanjani sentenced to death for embezzlement
A court in Iran has sentenced to death Iranian businessman Babak Zanjani and two accomplices for embezzlement, the judiciary has…
Moody’s Cuts Outlook On 4 Gulf Countries, Bahrain Down To Junk Rating
Moody’s Investors Service cut its projections for the debt ratings of four Gulf countries including Saudi Arabia, citing concerns over…
GCC growth faces mounting challenges, but recession should be avoided
Weaker oil prices present a serious challenge to the growth outlook for the GCC region, which was already facing economic…
UAE banks are prepared for economic headwinds
The UAE’s banking sector is well prepared for the global and regional economic challenges and is expected cope well with…
Ahli United Bank Limited launches operations in DIFC, Dubai as first GCC bank with Cateogry 1 License
Ahli United Bank has launched its banking operations in Dubai International Financial Centre (DIFC), UAE with an initial paid up capital…
Lunch with Dubai top lawyer Essam al-Tamimi: the future of UAE law
Essam al-Tamimi, the founder and chief of one of the largest law firms in the UAE and the region, lives…
Bank Sohar Website Wins Pan Arab Award
Bank Sohar, as a testament to its constant endeavour towards banking excellence, was presented with its fourth award of the…