Kuwait's NBK, KAMCO invited to participate in Kuwaiti sovereign bond issue
National Bank of Kuwait, the Gulf Arab state's largest commercial lender, and investment firm KAMCO said they had been invited…
Regulation, Risk & Compliance
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Gulf Bank obtains investment licenses from CMA, Kuwait
Gulf Bank is proud to announce that it is the first Bank to officially obtain investment licenses from the Capital…
Emirates Development Bank approves Dh1.5b in loans for housing sector, SMEs
The Emirates Development Bank, approved an estimated budget of Dh1.5 billion for 2017 to finance housing loans for Emirati citizens…
Iran allows free foreign exchange at banks in move to unify rates
Iran authorised some banks on Saturday to deal in foreign exchange trading at a free market rate, the central bank…
Islamic Development Bank finances developmental projects worth $863 mn
The Islamic Development Bank has approved finances worth US$863 million for developmental projects in a number of member countries during…
Dubai’s Gold Souq feels Indian demonetisation heat
It’s not just the shopping season in India that got wiped out by the demonetisation move — Dubai’s famed Gold…
“Markaz” successfully closes a five-year KWD 25 million bonds issue
According to a joint statement by Kuwait Financial Centre and Gulf Bank, this extensive demand reflects the investors’ trust in…
Islamic finance boom calls for increase in trained personnel
In the fast-growing industry of Islamic finance, the lack of specialized, trained human capital in the field continued to be…
Loan demand set to remain strong in Qatar, says BMI
Despite the weaker macroeconomic environment, the demand for loans will remain strong in Qatar, driven by the government’s financing need…
Three more foreign banks eye Turkish market
Banking Regulation and Supervision Agency President Mehmet Ali Akben has said that three foreign banks were interested in expanding their…
UAB chief vows to fight money laundering, terror financing
Chairman of the Union of Arab Banks Sheikh Mohammad Al-Jarrah Al-Sabah said on Monday that UAB is firm on dealing…
Three foreign lenders show strong interest in Turkey: Banking watchdog
Three foreign banks have voiced strong interest in Turkey and they are likely to enter Turkish markets in 2017, Mehmet…