Abu Dhabi Commercial Bank closes $600 million syndicated loan – statement
Abu Dhabi Commercial Bank has closed a $600 million three-year syndicated loan, Wells Fargo, the bank that coordinated the debt…
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26 Qatari SMEs shortlisted for business opportunities
Twenty-six Qatari Small and Medium Enterprises have been shortlisted to tender for six business opportunities offered by Qatar Development Bank…
UAE banks would benefit from mergers
Abu Dhabi speculation quashed, but tougher market may encourage consolidation The UAE has 23 local banks and 28 foreign…
GCC banks eyeing Africa for new opportunities
The larger local banks in the GCC are approaching saturation in their home market and are starting to venture out…
Central Bank of Bahrain could issue ban on additional fees for credit card owners
The Central Bank of Bahrain could be allowed to ban the charging of additional fees on the transactions of credit…
GCC banks look to Africa
Larger GGC banks are looking at Africa for new business opportunities, according to EY’s GCC Wealth and Asset Management Report…
Golden strategy for 2017: buy on the dips
For investors who have bought gold, don’t get scared by the $60 an ounce drop in prices just after the…
Large Saudi bank cuts money quote; rates may fall back below repo
Saudi Arabia's biggest commercial bank cut its quote for three-month money in the interbank market on Sunday in a signal…
Saudi Vision 2030: roadmap to financial services innovation
The banking and financial services industry has always been a pillar of the Kingdom of Saudi Arabia’s economy—enjoying strong levels…
Chinese banks active in UAE to spur regional growth
China's biggest banks have recently made a spate of significant financial moves in the United Arab Emirates, in a sign…
Cutting-edge banking technology for the world
Arik Pinto is on the cutting edge of banking, and his experience as an executive leading Israel's largest bank's strategy…
Oman continues to draw Singapore investors
Among the companies helping Oman to set up its infrastructure have been some prominent Singapore firms such as technology driven…