Lebanese GroupMed Holding announces OLT Holding as a new shareholder
GroupMed Holding s.a.l., the owner of Bankmed s.a.l. is pleased to announce a new shareholder, OLT Holding s.a.l. Following…
Financial Results
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Arab Investment Bank aims to boost SME portfolio to EGP 12.3bn by end 2018: chairperson
The Arab Investment Bank (AIBK) aims to boost its small and medium enterprise (SME) portfolio to EGP 12.3bn, equivalent to…
Emaar to IPO up to 30% of Dubai property business
Emaar Properties, the Dubai-based developer of the world’s tallest skyscraper, plans to sell as much as 30% of its real…
GFH Financial Group pulls back from talks to buy Shuaa Capital
Bahrain's GFH Financial Group has pulled back from talks to buy Dubai-based investment firm Shuaa Capital, which has a market…
Banks financed foreign trade operations valued at $35bn since flotation
The total volume of foreign trade operations financed by banks operating in the domestic market during the period from 3…
Rising AED banking deposits reflect growing confidence in UAE economy
In a bullish sign reflecting the growing confidence in the UAE economy and improvement in the investment climate, UAE Dirham-denominated…
Banks' liquidity conditions easing as deposits grow
Liquidity pressures in Oman's banking system appear to have eased during the first quarter of 2017 after banks recorded a…
Meethaq Sukuk issue closes in 3 days, gets strong response
Meethaq—the pioneer of Islamic banking in Oman from Bank Muscat—has evoked a strong response to its Sukuk programme. The…
Saudi reforms bring tangible improvements in public finance
Strengthening of oil prices and fiscal reforms introduced the government have brought about tangible improvement in the fiscal situation in…
Most Omani Banks Post Better Q1 Performance
Oman’s commercial banks performed well during the first quarter of 2017 despite the difficult economic challenges facing the global banking…
Moody's downgrades Qatar's rating to Aa3 from Aa2 and changes the outlook to stable from negative
Moody's Investors Service has downgraded the Government of Qatar's long-term issuer and senior unsecured debt ratings to Aa3 from Aa2…
Oman's Islamic banking assets reach RO3.3bn
Total assets of Islamic banks and windows in #Oman reached to RO3.3bn at the end of March 2017, accounting for…