Warba Bank acquires portfolio in US company – Investment worth $2 bln
Warba Bank, a leading bank in Kuwait, has announced the acquisition of equipment leasing portfolio managed by ATEL Capital Group,…
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Al Baraka Bank Egypt employs SAS FATCA solution
Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), partnered with SAS and Data…
Boris Johnson urged to disinvest from bank linked to Saudi regime
The mayor of London, Boris Johnson, has been pressed not to put profit before principle after it was revealed that…
Bahrain bans credit card surcharges
Bahrain News Agency reports that the meeting focussed on the practice of companies and establishments that deduct extra amounts from…
Bahrain Award for Entrepreneurship announces jury members
The Organising Committee of The Bahrain Award for Entrepreneurship formally announced the members of the jury panel who will evaluate…
Burgan Bank debuts US$350mn club facility
Kuwait’s Burgan Bank has signed an inaugural US$350mn, two-year club facility with a group of local and international relationship banks.…
Oman's Bank Dhofar closes $250 mln three-year loan – sources
Oman's Bank Dhofar has raised a $250 million three-year loan to be used for general funding, sources aware of the…
Cyber attacks pose a grave risk to GCC banks
Innovation has become the key for banking to offer customers an enriching experience. GCC banks have leveraged on technology to…
ENBD launches interactive teller machine
UAE-based Emirates NBD, a leading bank in the region, has introduced a new generation Interactive Teller Machine, a first to…
UAE’s pension regime is ripe for a change
A few months ago, rumours were spread on changes that will be introduced to the pension system in the UAE.…
HSBC snaps ties with Islamic Relief over 'terror' fears
HSBC has snapped banking ties with UK's largest government-funded Muslim charity, Islamic Relief, over alleged fears of terror funding. …
Pharos seeks to promote increased investment in 2016: Sherif Abdel Aal
Pharos Investment Banking plans to begin the new year with the finalisation of three acquisition deals, with a cumulative value…