Lebanon plans $450 million Eurobond issue by end-year
Lebanon's government plans to issue a $450 million Eurobond by the end of this year to meet the country's funding…
Trading, Broking & Stock Exchanges
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Kuwaiti conglomerate says seeking to list on local stock market
Kuwaiti conglomerate Mezzan Holding on Monday announced plans to list on the Gulf state's stock exchange. The company said…
An asset class goes mainstream
Islamic finance, particularly fixed income instruments known as Sukuk, has come of age and is now an integral component of…
Kuwait's Burgan Bank says plans 21.6 mln dinar rights issue
Burgan Bank , Kuwait's third-largest lender by assets, will launch a 21.6 million dinars rights issue by the end of…
CEO of Dubai's gold exchange resigns due to ill health
Dubai Gold and Commodities Exchange said on Sunday its chief executive officer, Gary Anderson, had stepped down due to ill…
Top three GCC national banks gain in profitability and asset quality
Gulf region’s top three national banks — Qatar National Bank (QNB) National Bank of Abu Dhabi (NBAD); and National Bank…
Gulf Capital closes $750m private equity fund
Capital, the UAE based diversified alternative asset manager on Sunday announced the closing of its third private equity fund, GC…
Qatar Holding Buys Minority Stake in Hong Kong's Lifestyle International for $616m
Sovereign wealth fund Qatar Holding has acquired a minority stake in Hong Kong-based Lifestyle International Holdings, the operator of the…
UAE's First Gulf Bank plans bond issue, to establish China office
First Gulf Bank, the second largest lender by market capitalisation in the United Arab Emirates, plans to make a benchmark…
Singapore’s UOB targets Dubai in futures push
United Overseas Bank, Singapore’s third-largest bank by assets, has become the first bank in the Asian city-state to expand its…
GCC economies thriving on back of high public spending, low debt
The onset of the global crisis has shortened investors’ investment horizons, stoked preferences for liquid assets and dramatically shifted…
Commercial Bank of Dubai enables customers to make transactions through Facebook
The Commercial Bank of Dubai has launched a Facebook initiatve which enables UAE residents to make bank transactions from their…