The Abraaj Group invests in Auvest MENASA Opportunities Fund
The Abraaj Group has announced its commitment of US$ 30 million to the Auvest MENASA Opportunities Fund I L.P. …
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Bank Dhofar issues debut Additional Tier 1 Capital Securities representing the first Bank Capital Issuance in Additional Tier 1 format from Oman
Bank Dhofar successfully priced their US$300 million Additional Tier 1 Perpetual Non-Callable 5 year bond transaction, which represents the first…
DIFC to play key role in UAE-Kazakhstan trade
Dubai International Financial Centre, or DIFC, is keen to play a key role in boosting bilateral trade between the UAE…
Emirates NBD bonds totalling $951 million list on NASDAQ Dubai
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, said, "As we expand our banking activities in…
Commercial International Bank poised for multi-year earnings growth, says RenCap
RenCap noted that CIB’s Q1 results were ‘qualitatively stronger than we expected, on growth and NIM in particular’, adding that…
Dubai Islamic Bank picks arrangers for potential dollar sukuk
Dubai Islamic Bank has picked six banks to arrange fixed income investor meetings from Thursday for a potential benchmark size,…
Ajman Bank begins transactions on Nasdaq Dubai Murabaha platform for Islamic financing
A ceremony to mark the occasion took place at Ajman Bank new Head Office in Ajman attended by Mohamed Amiri,…
Islamic commodity trading getting a boost
Islamic commodity trading has become more popular in the financial world as of late because an accord seems to have…
UAE banks on sound footing but risks could rise
The overall health of the banking sector in the UAE is expected to remain sound because of their strong initial…
Global banking regulations pose threat to money exchanges
The currency exchange houses that are primarily engaged in money transfer and foreign exchange business in the UAE are facing…
Dubai is the gateway to the wider Middle East region
Ibrahim Mohamed Aljanahi, Deputy CEO of Jafza, the UAE's flagship free zone entity, reiterated the strategic importance of Dubai as…
Hale: Lebanon good place for investment
The United States wants to promote Lebanon as a place for investment, U.S. Ambassador to Lebanon David Hale said, adding…