CBK Gov. sees higher bank profitability amid economic improvement
Banks' profitability is likely to stay healthy on back of better economic conditions, marginally higher interest income, improved credit off-take,…
Regulation, Risk & Compliance
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State fund sells Gulf Bank stake
Kuwait Investment Authority has sold a 16.1 percent stake in Gulf Bank to Alghanim Trading Co for KD 152.93 million…
ADGM and OneConnect collaborate on FinTech development, innovation
The Abu Dhabi Global Market and OneConnect Financial Technology signed a Memorandum of Understanding to promote and develop FinTech innovation,…
AUB honours employees for offering innovative proposals
Six proposals by employees aiming at a better process, product or service offering, have been honoured by Ahli United Bank…
Bank ABC and Emirates NBD capital launch
National Bank of Oman has mandated Bank ABC and Emirates NBD Capital Limited to arrange on its behalf a USD…
ESIC issues $600mln sukuk
On 23 July 2019, Emirates Strategic Investments Company 100% owned by His Highness Sheikh Mansour Bin Zayed Al Nahyan, rated…
Oman hires banks for dual-tranche dollar bond
The government of Oman has hired banks ahead of a potential issue of U.S. dollar bonds, its first this year,…
EIB to halt Turkey government-linked lending till year-end
The European Investment Bank will not do any new lending in Turkey linked to the government until at least the…
Kushner to finalise Middle East economic plan on tour of region
White House senior adviser Jared Kushner will lead a United States delegation on a tour of the Middle East to…
IIRA reaffirms credit ratings on Al Baraka Banking Group and raises the fiduciary assessment
Islamic International Rating Agency has reaffirmed the international scale ratings assigned to Al Baraka Banking Group. IIRA has also…
Dubai Chamber holds dialogue on engaging young Emiratis
The Dubai Chamber Sustainability Network Taskforce on Emiratisation - an initiative from Dubai Chamber of Commerce and Industry - hosted…
Financial stability forum opens in Amman
Deputy Governor of the Central Bank of Jordan (CBJ), Adel Sharkas, on Monday opened a forum on strengthening financial stability…