Bahrain cancels $750m bond sale after S&P downgrade
Bahrain's government cancelled a $750 million bond sale on Thursday after Standard & Poor's downgraded its rating of the kingdom's…
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Trade finance lifts StanChart as Gulf infrastructure work continues
Standard Chartered, the beleaguered emerging market bank, said it is getting some relief from trade finance in the Middle East…
Bahrain says talking with lead managers after S&P downgrade
Bahrain said on Wednesday that it was talking with the lead managers of its latest sovereign debt offer after Standard…
Why Sovereign Wealth Funds Are Selling Equities
The world's capital markets have been roiled this year by rumors that sovereign wealth funds of oil-dependent states are selling…
Malta Stock Exchange adds Sharia equity index
The Malta Stock Exchange (MSE) has launched the MSE Sharia Equity Index, which has been certified as compliant with Islamic…
U.A.E. Central Bank Foreign Assets Decline $12 Billion
The United Arab Emirates central bank’s foreign assets fell by $12 billion in January from the previous month as the…
Dubai Government Backs Expansive Blockchain Research Effort
An innovation center established by Sheikh Mohammed bin Rashid, vice president and prime minister of the United Arab Emirates and…
Axis Bank strengthens Remittance offering in GCC, Plans to grow aggressively in fiscal 2016-17
Axis Bank, the third largest private sector bank in India, today announced its ambitious plans to further strengthen its Remittance…
Chinese banks play major presence in Dubai intl financial center: Official
The banks from China play major presence and stand for 25 percent of the combined balance sheets of the Middle…
Islamic Finance Set Sights on Standard for Gold-Based Products
A top guideline-setting body for Islamic finance is developing a standard for gold-based products in the industry, a move that…
QInvest announces the completion of the first mezzanine financing transaction in the Turkish alternative energy market
QInvest has provided a 5 year US$ 30 million murabaha mezzanine finance facility for Crescent Capital to fund its acquisition…
Japanese banks keen to expand activity in Iran
Japanese banks seek to increase activity in Iran, said Katsuyuki Kawai, the special advisor to the prime minister of Japan,…