Kuwait's Burgan Bank to redeem subordinated debt worth $730 mln
Burgan Bank, Kuwait's third-largest lender by assets, will redeem $730 million in subordinated bonds denominated in U.S. dollars and Kuwaiti…
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Women's role in financial, banking sector supported
The Central Bank of Bahrain, in cooperation with the Supreme Council for Women, has announced Al Baraka Banking Group (ABG)…
Iraq hires banks for $6B bond sale
Iraq hired banks to help raise $6 billion in bonds as the country seeks to plug a widening fiscal deficit…
Kuwait eyes consortium bid for London City Airport
One of the world's biggest sovereign wealth funds is part of a consortium that is plotting a bid for London…
Faisal Islamic Bank in talks to finance medium-class housing units
Speaking to Amwal Al Ghad, Idris stated that the bank is to sign a protocol with one of those companies…
BofA Merrill Lynch Fund Manager Survey Finds Weakening Outlook for Global Economy Amid Fears Over China
Record Low Sentiment Towards Emerging Markets and Energy Sector Global investors have shifted their attention from Greece to China amid…
Fortress Prime Confirms Clients Withdrawal Delays
Following client reports that Fortress has been delaying some withdrawals for over a month, the group has confirmed to Finance…
Iran to Boost Flagging Sukuk Market
The flagging Sukuk market looking likely to print its lowest global issuance since 2011 is likely to receive a much-needed…
UAE Exchange bids for finance company Dunia: sources
UAE Exchange, a global remittance and foreign exchange business headquartered in Abu Dhabi, is among bidders for consumer finance company…
Investment issues: Focussed platform for UAE in the offing?
After wooing investors from countries including Japan, the US and Korea by providing country-specific platforms to them for resolution of…
Dubai Regulator Weighs Up Crowdfunding Oversight
With a number of the Middle East’s major crowdfunding platforms,including equity-based Eureeca and P2P lending site Beehive,based in the emirate,…
Ithmaar reopens enlarged branch in Bahrain
Ithmaar Bank, a Bahrain-based Islamic retail Bank, has reopened its West Riffa branch after enlarging it to accommodate additional tellers…