RAKBANK launches $500m debut bond issue
United Arab Emirates-based lender National Bank of Ras Al Khaimah launched its debut $500 million, five-year debut bond on Tuesday…
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Union National Bank Inaugurates 5 New Branches in UAE
Union National Bank recently inaugurated 5 new branches in the UAE. The opening of the five new UNB branches…
Sharjah Islamic Bank opens its new branch in Jebel Ali
Sharjah Islamic Bank has inaugurated its new branch in Jebel Ali, strengthening its presence on the local banking arena. The…
Dubai Establishes New Dispute Settlement Authority
On 28 May, His Highness Sheikh Mohammed bin Rashid Al Maktoum announced the amendment of Dubai Law No. 9 2004…
Nomura Asset Management launches in Middle East
Japanese fund manager Nomura Asset Management (NAM) has launched an office in Dubai International Financial Centre as part of its…
Qatar bourse mulls foreign brokerage firms
Qatar may soon allow foreign stock brokerages to operate in the Gulf state with its local bourse contemplating “remote membership”,…
8 luxury Italian firms set up base in Abu Dhabi
Abu Dhabi-based Gulf Automation Services & Oilfield Supplies, or Gasos, has set up the Italian Centre of Excellence, or ICE,…
Saudi launches wealth fund
Saudi Arabia is set to open its first sovereign wealth fund to deal with its burgeoning budget surplus. In the…
Saudi Hollandi plans hiring in Kingdom as it opens branches
Saudi Hollandi Bank, which is about 40% owned by ABN Amro Holding, said it expects to boost hiring in Saudi…
ADIB & Thomson Reuters announce global awards for ethical finance and Islamic banking innovation
Following the success of the inaugural Ethical Finance Innovation Challenge and Awards in 2013, Abu Dhabi Islamic Bank and Thomson…
Bank Muscat launches GCC Property Income Fund
The fund is positive about the GCC real estate market as it presents huge growth potential, driven by several structural…
HSBC Tablet to deliver wealth solutions
The unique size of its customer base and customer requirements in the UAE have prompted HSBC to launch an all-new…