Saudi family sweetens bank offer after biggest Mideast default
Ahmad Hamad Algosaibi & Brothers Co. is offering to guarantee banks they will recover at least 40 percent more on…
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Abu Dhabi SWF moves more investments in-house
The Abu Dhabi Investment Authority, one of the world’s top sovereign wealth funds with an estimated US$773 billion in assets,…
Ibdar Bank announces USD 3 m profits for Q1/2015
Ibdar Bank ("Ibdar"), the Bahrain based wholesale Islamic investment bank, has announced its financial results for the first quarter of…
Remittance tax proposed by FNC member
A member of the Federal National Council Tuesday proposed that the UAE impose a tax on the billions of dirhams…
Arab Bank, Telr in e-commerce ‘Payment Facilitator’ deal
Telr, a Singapore and Dubai-based emerging market focused online payment gateway, and Arab Bank, have signed an e-commerce ‘Payment Facilitator…
Iran to “open its diverse market to foreign investors” – Ambassador
With U.N. sanctions on Iran set to be lifted at the end of June as part of the nuclear deal…
Amlak shares end flat after wild return to Dubai trading
After a session marked by wild price fluctuations, shares of the Dubai mortgage provider ended unchanged on its first day…
Hassani Group of Companies strengthens their association with 3i-Infotech
Hassani Group of Companies, one of the fastest growing global companies from the UAE region, has chosen 3i-Infotech's ORION 11j…
QNB receives a couple of titles from The Asian Banker & The Banker Middle East Magazines
QNB , One of the World's Strongest Banks, has received a number of prestigious awards including: Best Credit Card Product,…
ADIB: Business banking is about relationship
With over 300,000 small and medium businesses operating in the UAE, the SME sector is a critical contributor to the…
DFM welcomes Amlak’s resumption of share trading
His Excellency, Engineer Sultan Bin Saeed Al Mansoori, UAE Minister of Economy and the Chairman of the ‘Committee to Assess…
ADIB chief urges UAE to widen provision of short-term liquidity to Islamic lenders
The chief executive of Abu Dhabi Islamic Bank has urged the Central Bank to broaden its provision of short-term liquidity…