Daman appoints new heads at brokerage and asset management divisions
Dubai-based Daman Investments , one of the UAE's leading investment management companies has appointed Mr. Farid Samji as Head of…
Trading, Broking & Stock Exchanges
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Gulf Capital Announces the First Closing of its Second Credit and Mezzanine Fund
Gulf Capital , one of the leading alternative investment firms in the Middle East, has announced that it has raised…
Nasdaq and Tel-Aviv Stock Exchange sign strategic agreement
The two have agreed to form a jointly-operated venture to support private growth companies in Israel. The venture, which…
S&P says new sukuk issuances to decline this year
The rating agency Standard & Poor’s is forecasting a drop of up to 20 per cent in sukuk issuances this…
Emirates NBD Saudi Arabia PMI
Saudi Arabia's non-oil private sector suffered a loss of growth momentum at the end of 2015, with business conditions improving…
11.6% increase in assets of Egyptian banking sector during first 9 months of 2015: UAB
Assets of the Egyptian banking sector have increased by 11.6% during the first nine months of 2015 to about $250bn,…
Pressure Grows on Saudi Arabia to Ditch Dollar Peg
The prolonged rout in oil has left Saudi Arabia’s long-standing peg of its currency to the dollar at its most…
BankDhofar Successfully Closes US$250 Million Term Loan
BankDhofar has announced the successful closing of a $250 million, three-year term loan facility where Bank ABC, BNP Paribas, Commerzbank…
UAE regulator tells banks to seek approval before disclosing dividends
Banks in the United Arab Emirates have been told to get dividends approved by the central bank before announcing the…
UAE’s pension regime is ripe for a change
A few months ago, rumours were spread on changes that will be introduced to the pension system in the UAE.…
Oman's Bank Dhofar closes $250 mln three-year loan – sources
Oman's Bank Dhofar has raised a $250 million three-year loan to be used for general funding, sources aware of the…
Burgan Bank debuts US$350mn club facility
Kuwait’s Burgan Bank has signed an inaugural US$350mn, two-year club facility with a group of local and international relationship banks.…