BBK's $400m bond issue a big success
BBK has announced the closing of a bond issuance of $400 million. The issuance of an international senior unsecured…
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Emirates set to close $913m sukuk
Emirates has announced the successful pricing of $913 million certificates due 2025 issued by Khadrawy Ltd. and with the benefit…
Emirates NBD named Best Retail Bank in the Middle East and the UAE
Emirates NBD, a leading bank in the region, today announced that it has been named the ‘Best Retail Bank in…
Former Julius Baer exec joins Qatar First Bank as COO
Qatar First Bank has appointed Nayeem Khan as chief operating officer. Khan, who has more than 25 years’ experience…
KSA calls out to global investors in Dubai speech
In his keynote speech at the fifth Annual Investment Meeting (AIM), His Highness Prince Saud honored the event’s patron and…
"Kuwait Clearing" Distributes Bonus Shares Today
A statement issued by Kuwait Finance House indicated that Kuwait Clearing Company shall commence today Tuesday 31st march the distribution…
Buoyant year for UAE banks
UAE banking revenues and profits are expected to grow in double digits in 2015, according to a top official of…
Abraaj raises $1.3bn for African investment funds
Abraaj Group has raised about US$1.3 billion for two funds investing in Africa to tap into the continent’s economic growth,…
UAE moving towards allowing 100% foreign ownership of businesses outside free zones
Plans for a law to allow full foreign ownership of companies outside free zones in strategic sectors are at an…
UAE central bank partners with China's UnionPay
The Central Bank of the United Arab Emirates and UnionPay International of China said Sunday they have signed a deal…
GCC banks register double-digit growth in 2014
The banking industry in the Middle East maintained double-digit revenue growth in 2014 with a 10 per cent increase, stemming…
Emirates' Dh3.35bn sukuk oversubscribed 3.6 times
Emirates airline today announced that its 10-year $913 million (Dh3.35 billion) sukuk was subscribed 3.6 times, attracting $3.2 billion (Dh11.74…