SunTec urges UAE and GCC banks to shift towards ‘lifestyle banking’
SunTec, the world’s #1 relationship-based pricing and billing company has urged banks in the UAE and wider GCC region to…
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Qatar Central Bank raises Repo Rate by 1.25%
Qatar Central Bank announced yesterday that it has raised the Repo Rate by 25 basis points to 1.25 percent, starting…
Commercial Bank of Dubai the first bank to host its AGM at Expo 2020
Commercial Bank of Dubai has announced that its board of directors and shareholders approved the ordinary and special resolutions during…
Banks in the UAE are already cashing in on DEWA IPO – by lending to potential investors
Banks in the UAE are seeing a rush of interest for loans – and they have the upcoming DEWA IPO…
Fitch rates Kuwait Investment Company 'BB'
Fitch Ratings has assigned Kuwait Investment Company K.S.C.P. (KIC) a Long-Term Issuer Default Rating (IDR) of 'BB'. The Outlook on…
Central Bank raises interest rate on monetary policy instruments by 25 basis points
The Central Bank of Jordan on Thursday decided to increase the interest rate on its various monetary policy instruments by…
Investors pay high price as judges target Lebanese banks
A Lebanese judge has issued a travel ban against Creditbank Chairman Tarek Khalife and frozen the bank’s assets, including properties…
Ithmaar Holding shareholders approve plans to sell range of Bahrain assets
Bahrain-based Ithmaar Holding’s shareholders have approved plans to sell some of the company’s key assets to Al Salam Bank, it…
QCB raises repo rate by 25 basis points to 1.25%
The Qatar Central Bank announced that it raised the repo rate (QCB repo rate) by 25 basis points to 1.25%,…
Top UBS Middle East Investment Banker Set to Join Mubadala
UBS Group AG’s head of investment banking in the Middle East is set to join Abu Dhabi wealth fund Mubadala…
Qatar's central bank raises repo rate by 25 basis points
Qatar's central bank raised the repo rate by 25 basis points to 1.25% after taking into account the evolving domestic…
UAE’s ADNOC awards agreements worth Dhs2.4bn to support upstream growth
Abu Dhabi National Oil Company said on Thursday that it has awarded framework agreements valued at Dhs2.4bn for cementing services.…