Stronger economy boosts major UAE banks’ profits
Major UAE banks recorded strong performance in 2014 as their profits surged due to economic growth and lower provisions for…
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Mumtalakat Hires Banks For Potential Dollar Sukuk Issue
Bahraini sovereign fund Mumtalakat (BBB from S&P/Fitch) has hired BNP Paribas, Deutsche Bank, MUFG and StanChart to arrange a series…
Nikko AM makes three senior hires
Increasing its penetration into the global institutional investment market, Nikko Asset Management has appointed three seasoned executives to lead, respectively,…
FGB achieves record sales of USD 100 million premiumin 8 weeks for LIC's new insurance product
FGB , one of the leading banks in the UAE, has achieved record sales worth USD 100 million (AED 367.31million)…
Khalifa Fund, Arab Bank sign SME finance agreement
The Khalifa Fund for Enterprise Development and Arab Bank for Investment and Foreign Trade have signed a strategic agreement in…
Seychelles Central Bank takes control of beleaguered BMIO bank
Scarcely three weeks after the announcement that relations between the Bank of Muscat International Offshore (BMIO) and its correspondent bank…
UAE Banks Profit Up 25% In First Nine Months Of 2014
The UAE banks recorded a rise of 25 per cent in profits during the first nine months of 2014, the…
‘Smart Wallet’ tops UAE Banks Federation agenda
The Board of Directors of the UAE Banks Federation, a professional body representing 49 member banks operating in the UAE,…
Eureeca Crowdfunding Platform Hit with SEC Cease & Desist for Solicitation Violations
Eureeca, a Dubai based investment crowdfunding platform, ran afoul of the Securities and Exchange Commission as a Cease and Desist…
A Subsidiary of the Emirates Sovereign Wealth Fund Acquires a 5.1% Stake in Palm Hills Developments
Aabar Investments PJS, headquartered in Abu Dhabi, UAE-has acquired a 5.1% stake in Palm Hills Developments , a company listed…
Mumtalakat Hires Banks For Potential Dollar Sukuk Issue
Bahraini sovereign fund Mumtalakat (BBB from S&P/Fitch) has hired BNP Paribas, Deutsche Bank, MUFG and StanChart to arrange a series…
Kuwaiti bank CBK says concerns over buyer cash behind bond cancellation
Commercial Bank of Kuwait said on Monday it cancelled its 120 million dinar ($412.7 million) capital-boosting bond last week over…