Bank Nizwa CEO presents Q3 performance overview at Muscat Securities Market
Held in collaboration with the Muscat Securities Market (MSM), Dr. Jamil El Jaroudi, CEO of Bank Nizwa, presented an overview…
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Ahli United Bank named Best Private Bank in the Middle Eastby Global Finance
Ahli United Bank has been recognised as ‘Best Private Bank in the Middle East’ by Global Finance, the leading international…
First Gulf Bank cuts close to 100 jobs: report
First Gulf Bank, the third-largest lender by assets in the United Arab Emirates, has cut close to 100 jobs, three…
NBO's $300mn bond issue oversubscribed 1.8 times
National Bank of Oman ( NBO ) announced that it has received strong interest from international investors and has successfully…
Gulf Bank achieves elite J P Morgan quality recognition award for 2015
Gulf Bank announced yesterday that it has achieved the elite J P Morgan Quality Recognition Award for 2015, acknowledging its…
Saudi banks’ profitability and capital buffers to remain resilient
Moody’s Investors Service has maintained its stable outlook on the Saudi Arabian banking system, reflecting the rating agency’s expectation that…
Gulf banks rush to loan market on liquidity squeeze – sources
A number of Gulf banks are in the process of raising loan financing for themselves to help counteract a liquidity…
Riyadh Edrees elected chief of Meezan Bank's BoDs
The newly appointed Board of Directors of Meezan Bank held their 72nd Board meeting on Thursday November 19th to consider…
Turkey: Mostly Used Islamic Finance Instrument: Murabaha
The term "Islamic finance" refers to the financing system that follows Shariah. Compliance with Shariah is different from the traditional…
UAE Banks Federation Board sets agenda for 2016
The Board of Directors of the UAE Banks Federation, a professional body representing 49 member banks operating in the UAE,…
National Bank of Abu Dhabi raises $200 mln via 2-year note
National Bank of Abu Dhabi, the largest bank in the United Arab Emirates by assets, has issued a $200 million…
Deutsche Bank appoints Head of Commodity Trade Finance EMEA
Deutsche Bank’s Global Transaction Banking business has appointed William Calame as Head of Commodity Trade Finance for the Europe, Middle…