Abu Dhabi fund get involved in Spire sale process
Abu Dhabi’s sovereign wealth fund is backing one of the bids put forward for the acquisition of Spire Healthcare. …
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Bahraini banks to adopt Basel III standards
Bahraini banks will be fully ready to implement the Basel III international banking standards on new capital requirements by next…
GFH EGM approves USD500m sukuk
Gulf Finance House, the Bahrain-based Islamic investment bank, said its Extraordinary General Meeting approved issuance of sukuk of up to…
EDB seeking to boost South Korea trade ties
The Economic Development Board is hosting a delegation of South Korean journalists from various high profile publications including financial ones…
Saudi Islamic bank giant losing ground as its profit slides
The world’s biggest Islamic bank is losing ground to peers in Saudi Arabia, its home market, as slowing credit growth…
Exclusive – Bahrain's Ahli United Bank considers sale or merger: sources
Ahli United Bank UBB.BH, Bahrain's largest lender, is evaluating a sale or a merger with a rival bank in a…
Qatar Islamic Bank posts 15 pct profit rise
Qatar Islamic Bank reported a 15 percent increase in first-quarter net profit on Wednesday, edging ahead of analysts' expectations thanks…
KIB completes requirements to enforce FATCA –chairman
Kuwait International Bank (KIB) has completed all the requirements to register with the US Internal Revenue Service (IRS) regarding the…
JPM's Gregson: 'Maximum pessimism' toward resources has passed
JP Morgan Asset Management fund manager Neil Gregson believes negative sentiment surrounding the troubled resources sector has reached an inflection…
Double win for Emirates Islamic at Banker Middle East Product Awards 2014
Nominees were selected by a panel of industry experts and final winners were chosen through votes of registered users of…
Bank of America forecasts increase in Middle East M&A deals
Bank of America, the second-largest US lender by assets, expects mergers and acquisitions in the Middle East to increase as…
HSBC Bank Oman says agrees Indian business sale to Qatar's Doha Bank
HSBC Bank Oman said on Wednesday it had agreed on the sale of its Indian business to Qatar's Doha Bank…