Moody’s affirms ratings of Masraf Al Rayan
Moody’s Investors Service (Moody’s) yesterday affirmed the long-term and short-term issuer ratings of Masraf Al Rayan (Masraf) at A1/P-1. At…
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Extreme prudence required as headwinds remain: Dubai Islamic Bank CEO
Dubai Islamic Bank, the largest Islamic lender in the UAE, will continue to run its business with extreme prudence this…
Ebdaa Bank: Almoayyed's a prominent Arab model for successful businesswomen
Ebdaa bank for Microfinancing – Bahrain, stated that the achievement of its chairman, H.E. Mona Yousuf Khalil Almoayyed, in maintaining…
Omani banks face rising bad loans amid slow economic recovery
Omani banks’ intrinsic credit profiles face pressure throughout 2021 due to economic disruption caused by the pandemic and the government’s…
New research indicates pandemic as tipping point for investment in ESG and sustainability
65 percent expect to realize financial benefits of ESG investment within the next two years Half of all respondents say…
History of banking in the UAE
For anyone considering banking in the UAE, here’s all you need to know about them. Here you can find out…
GCC Family Offices are often motivated by more than returns – Obediah Ayton
It is best to start with the basics of defining a family office. The term is used so commonly that…
UAE: More residents opting for personal loans; here's why
Demand and appetite for both personal and business loans witnessed remarkable recovery in the first quarter of 2021, according to…
NBB introduces 'Tamweel Al Watani' scheme to small and medium enterprises
The National Bank of Bahrain introduced “Tamweel Al Watani”, a new lending scheme that aims to support locally owned businesses.…
Abu Dhabi’s Adnoc and OCI said to hire banks for Fertiglobe IPO
Abu Dhabi National Oil Co. and chemical producer OCI have hired banks for a potential listing of their fertilizer joint…
Moving away from LIBOR: Islamic Development Bank issues SOFR-linked sukuk
The Jeddah-based Islamic Development Bank has issued its first-ever Secured Overnight Financing Rate (SOFR)-linked sukuk in the global capital markets.…
ADCB PJSC reports first quarter 2021 net profit of AED 1.121 billion
Abu Dhabi Commercial Bank PJSC has reported its financial results for the first quarter of 2021 (“Q1’21”). Strong financial…