Bahrain bank Ibdar buys $78m US prime property
Bahrain-based wholesale Islamic investment bank, Ibdar Bank, has announced the successful acquisition of a $78-million multi-family housing property at Montgomery…
Investment Banking
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NBAD, FGB shareholders to meet Dec. 7 to approve UAE bank mega-merger
Shareholders of National Bank of Abu Dhabi and First Gulf Bank will both meet on Dec. 7 to approve the…
Rasmala Investment Bank Limited Resolves Compliance Concerns with the DFSA
The Dubai Financial Services Authority has accepted an Enforceable Undertaking from Rasmala Investment Bank Limited, a company incorporated in the…
€740m loan to support Egypt’s economy: European Investment Bank
Prime Minister Sherif Ismail and Minister of International Cooperation Sahar Nasr met with European Investment Bank vice president Dario Scannapieco…
Gulf investors eye raising Deutsche Bank stake Manager Magazin
Deutsche Bank's largest investors, investment vehicles controlled by the Qatari royal family, would be ready to take part in a…
Windies bank on Dubai momentum
West Indies will be looking to draw confidence from their encouraging outing in last week's first Test and avoid yet…
Bank Leumi to Pay $1.6 Million for Illegal US Cross-Border Business
The US Securities and Exchange Commission has issued a statement saying that Israel-based Bank Leumi has agreed to admit wrongdoing…
JPMorgan appoints Bader Alamoudi head of business in Saudi Arabia
JPMorgan Chase & Co has appointed Bader Alamoudi as senior country officer for Saudi Arabia and general manager of JPMorgan…
Qatar Development Bank sponsors participation of Qatari entrepreneurs at 36th GITEX Technology Week exhibition
In the interest of regionally advancing local small and medium-sized enterprises and fostering a culture of entrepreneurship in Qatar, Qatar…
Central Bank approves expansion of financial activities of banks and financial institutions
The Board of Directors of the Central Bank of the UAE has approved applications of banks and other financial institutions…
Emirates NBD makes a big leap forward in hi-tech banking
Emirates NBD, UAE’s largest lender as at the close of the first half of 2016 is in a hurry to…
Qatar said to halt future equity investment in troubled Deutsche Bank
The Qatari royal family has reportedly pulled the plug on future equity investment to beleaguered Deutsche Bank. The alleged…