10/19/2016
Saudi woos bond investors but mum on oil
When it came to an oil price increasingly influenced by Iran and the proxy war in Yemen they were less forthcoming
Alternative Investments
10/19/2016
Samba Financial Group latest Saudi bank to report drop in profit as bad loans weigh
Saudi banks have suffered poor Q3 earnings season
10/19/2016
Saudi Arabia Plans Debut Bond Sale to Shore Up Finances
Bankers expect multi-tranche dollar-bond offer to be worth at least $10 billion in total
10/18/2016
Saudi Shares Hit By Q3 Earnings, Most Of Region Weak
The Saudi index slipped 1.2 percent and most heavily traded stock dropped 2.9 percent
10/18/2016
Kuwait's NBK net profit soars in third quarter
National Bank of Kuwait sees its third quarter net profit rise by 6.5 percent
10/18/2016
Qatar's Masraf Al Rayan meets estimates with 1.3 pct Q3 profit dip
Three analysts had on average forecast a quarterly net profit of 487.3 million riyals for the quarter.
10/18/2016
Mideast Stocks-Saudi shares hit by Q3 earnings, most of region weak
The Saudi index slipped 1.2 percent and most heavily traded stock, dropped 2.9 percent
10/17/2016
Mid East Stocks Third Quarter Bank Results May Weigh on Gulf
National Commercial Bank may be the main drag on the market after posting a drop in third quarter net profit
10/17/2016
Alba Successfully Closes $1.5 Billion Syndicated Loan
Alba’s original target for the syndicated loan was to raise between US$500 to US$750 million.
10/17/2016
British expats in UAE ready to cash in on weak pound again as remittances surge
British expats are cashing in on the favourable exchange rate
10/17/2016
Dubai lender Emirates NBD posts flat Q3 net profit
Dubai's net profit dropped 1 per cent, signaling the fallout from a growth slowdown in it's economy
10/17/2016
National Bank of Kuwait Q3 net profit rises 6.4 pct
Banks in Kuwait and the rest of the Gulf are facing stronger headwinds as lower oil prices trim deposit growth and push up problem loans
10/17/2016
Global signs agreement with Allfunds Bank
This is the first agreement with a Kuwaiti entity and is in line with our strategy to work alongside leading financial institutions in the region.
10/17/2016
Union National Bank 3Q Profit Drops 15% as Interest Income Falls
3Q net 410m dirhams vs 483m yr earlier
10/14/2016
ICD buys Capitas Group
In conjunction with the launch of the new brand, the tag line ‘Energizing Enterprise’ has been chosen to better reflect the current and future direction of the company.
10/14/2016
UAE consumers 'keen to buy property'
Half of Dubai’s tenants are looking to buy their own residence in the future
10/14/2016
GCC sovereigns raise $87bn in bonds, sukuk since Jan 2015: Samba
The largest international issuance so far is the 9bn offering from Qatar in laate May.
10/13/2016
UAE to set up Emirates Trade Bank
The bank will specialize in international trade and commodity financing
10/12/2016
Dubai business activity picks up pace in the third quarter on tourism growth
Output and new order growth remains strong although company margins remain under pressure as firms reduced prices to secure new work.
10/12/2016
Mirabaud Middle East and Menacorp sign agreement
This partnership will provide Mirabaud’s wealth management clients with a trading platform that provides access to MENA opportunities