Dubai Islamic Bank closes $1b senior sukuk
Dubai Islamic Bank successfully priced $1 billion 5 year sukuk issue with a profit rate of 1.95 per cent per…
Regulation, Risk & Compliance
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UAE's new capital rule could trigger further bank M&A in 'overbanked' market
A new capital rule for banks incorporated in the United Arab Emirates will likely add pressure on smaller banks and…
Lebanon's banks stuck in reverse: jobs go, lending dives
Lebanon's banks, which once powered the economy by sucking in billions of dollars of deposits from abroad, are shedding staff,…
Saudi Arabia to Form Entity With $29 Billion in Equity Holdings
Saudi Arabia will combine two state-run pension and unemployment insurance funds into an entity with almost $29 billion of local…
PwC's $12bln global strategy will create 6,000 Middle East jobs
Professional services firm PricewaterhouseCoopers (PwC) has unveiled a new global strategy, which it says will create 6,000 jobs in the…
Bank ABC and FAB arrange a US$250,000,000 2-year Syndicated Term Loan Facility for BankDhofar
Bank ABC (Arab Banking Corporation (B.S.C.)) and First Abu Dhabi Bank PJSC (“FAB”), acted as Joint Coordinators, Underwriters, Initial Mandated…
NBB signs sponsorship partnership with BIBF
The National Bank of Bahrain (NBB) has entered into a strategic partnership with the Bahrain Institute of Banking & Finance…
Kuwait Hasn’t Renewed Wealth Fund’s Board Since Term Expired
Kuwait hasn’t approved a new term for the board of its $600 billion sovereign wealth fund since its tenure expired…
Central Bank of UAE seeks private sector participation in anti-money laundering efforts
The Central Bank of UAE (CBUAE) is actively seeking the participation of UAE’s private sector in its anti-money laundering and…
The Bears Are Back, but Ripple’s Comeback Could Be Powerful
Technically speaking, Ripple is a company while XRP is a currency – but informally, folks often refer to Ripple as…
Kuwait Finance House Bahrain Announce Partnership to Enhance Compliance Operations
The global API banking solutions provider, Codebase Technologies (CBT), has been selected by Kuwait Finance House Bahrain (KFHB), a pioneer…
Foreign investment opportunities expand in the United Arab Emirates
Shares in companies incorporated in the United Arab Emirates may now be owned by foreign investors with no limit on…