Saudi NCB wins approval to set up derivatives trading unit
Dec 29 National Commercial Bank , Saudi Arabia's largest lender, has received regulatory approval to set up a subsidiary to…
New Investment Products & Services
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Bank Sohar to fund OMR40m for Omran’s JW Marriot Hotel
The Oman Tourism Development Company (OMRAN) has once again this year joined hands with Bank Sohar for the development…
UAE to set up Chinese yuan clearing centre
The United Arab Emirates plans to establish a centre for clearing transactions in the yuan, the central bank said on…
UAE banks plan to launch mobile wallet in 2016
The UAE Banks Federation (UBF) will finalise the Mobile Wallet project and work on reducing the impact of the “de-risking”…
Qatar International Islamic Bank, CIH to set up bank in Morocco
Qatar International Islamic Bank said it had signed an agreement with Moroccan lender Credit Immobilier et Hotelier S.A. to set…
Former F1 boss to open Billionaire Club in Dubai
International jetsetters, rejoice; former Benetton and Renault team boss Flavio Briatore is all set to open a branch of his…
S.Arabia licenses 900-mln-riyal national home finance company
Saudi Arabia's central bank has granted a license to its national home finance company, Bidaya and it will launch with…
QIB Launches Certificates of Deposit for Customers
Qatar Islamic Bank ( QIB ), Qatar's leading Islamic Bank, has announced the launch of its first series of…
Saudi debut bond can expect warm investor welcome
Saudi Arabia's debut international bond should get a warm welcome from foreign investors if it hits markets in 2016, though…
National Bank of Fujairah launches diamond financing office in DMCC
National Bank of Fujairah has announced the opening of its diamond financing office in Almas Tower, part of the Dubai…
Oasis500 Reaches For the Stars with New Tech Fund
Oasis500 has launched a new multimillion dinar venture fund which seeks to develop businesses based around space technologies. The…
Byblos Bank: First Lebanese bank in Sulaymaniyah
Byblos Bank inaugurated its fourth branch in Iraq and the first for a Lebanese bank in the City of Sulaymaniyah,…