Dubai lender Emirates NBD posts flat Q3 net profit
Dubai’s largest lender, Emirates NBD, reported a slightly lower than expected third quarter net profit as net interest income slipped…
Hedge Funds & Alternative Investments
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Exclusive: Saudi Oger seeking buyers for $1 billion Arab Bank stake – sources
Saudi Oger has begun talks with potential buyers for its 20.93 percent stake in Arab Bank ARBK.AM in a deal…
National Bank of Kuwait Q3 net profit rises 6.4 pct
National Bank of Kuwait, the Gulf Arab state's largest commercial lender, reported a 6.4 percent rise in third quarter net…
Islamic Finance House in Temenos T24 core banking system upgrade
UAE-based Islamic Finance House has upgraded its core banking system to Temenos’ T24 R14 platform. IFH has been using…
Global signs agreement with Allfunds Bank
Allfunds Bank Group offers a Business to Business platform with integrated investment solutions. Created in 2000 and owned in…
Union National Bank 3Q Profit Drops 15% as Interest Income Falls
3Q net 410m dirhams vs 483m yr earlier, the lender says in statement to Abu Dhabi stock market. Mean est.…
Gulf Finance partners with SRB
Gulf Finance KSB has finalised a shariah advisory partnership with Shariyah Review Bureau to cover shariah board supervision for its…
ICD buys Capitas Group
AS part of its strategy to facilitate private sector investment, the Islamic Corporation for the Development of the Private Sector,…
UAE consumers 'keen to buy property'
The majority of the consumers in the UAE seem to agree with the current real estate market sentiment that now…
GCC sovereigns raise $87bn in bonds, sukuk since Jan 2015: Samba
GCC sovereigns have raised 87bn in both domestic and international bonds and sukuks since January 2015, Samba Financial Group has…
Lawmakers file to grill Finance Minister – Political crisis brews
Three lawmakers yesterday filed a request to grill Finance Minister and Acting Oil Minister Anas Al-Saleh over the government decision…
Moody's assigns provisional A1 rating to Saudi Arabia's proposed medium-term note program
* Moody's assigns provisional A1 rating to Saudi Arabia's proposed medium-term note program * Moody's - Saudi Arabia exhibits…