Bahrain's GIB said to choose banks for international bond sale
Bahrain based Gulf International Bank has chosen six banks to arrange an upcoming US dollar denominated bond sale, sources familiar…
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Oman seeks banks' proposals for dual-tenor international bond issue -sources
The government of Oman has approached banks for an international bond issue with tranches of five and 10 years as…
Qatar ability to meet external debt obligations not in doubt: EIU
Qatar's ability to meet its external debt obligations is “not in doubt” as large stocks of foreign reserves at the…
Oman Orix raises $25m from regional banks
Oman Orix Leasing Company, one of the leading Non-Banking Finance Companies in Oman, has successfully raised $25 million bilateral term…
Boss of Dh50m foreign currency scheme in Dubai arrested
The man behind a Dh50 million foreign-exchange scheme that promised to double investors’ money has been arrested, fraud investigators say.…
NBK Capital named Regional Equities Manager of the year
Watani Investment Company KSCC won the “Regional Equities Manager of the year 2016” from Global Investor Middle East. According to…
Masraf Al Rayan to close brokerage business
The company’s last date of trading will be 12 January 2017, after which all remaining client stocks will be transferred…
DEC enhances ties with Bank of China
The Dubai Economic Council (DEC) has enhanced its partnership with the Bank of China (BOC) in its role in the…
Will Chinese currency swap help Egypt face dollar crisis?
Egypt is still struggling with its dollar shortage. It has sought to face the shortage through a series of decisions,…
Liquidity levels stress credit availability in the UAE
Financial experts are reporting on a liquidity crunch in Dubai as the Emirates continue to manage a fast-growing national economy.…
Oman Arab Bank completes perpetual bonds listing
Oman Arab Bank successfully concluded its issue of OMR-denominated Perpetual Bonds, raising OMR 30 million as Additional Tier 1 capital.…
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…