Barclays app brings UK property offers closer to UAE residents
Barclays, a a transatlantic consumer, corporate and investment bank, has launched a smartphone application titled ‘Unlock Britain’, which offers users…
Investment Banking
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A UAE merger play that can set precedents
In July, the boards of First Gulf Bank and the National Bank of Abu Dhabi approved the merger of FGB…
Bahrain's GFH says may buy control of Bank Al Khair
Bahrain-based Islamic investment bank GFH Financial Group has signed a memorandum of understanding to buy a majority stake in Bank…
Bank AL Habib offers current plus account
Bank AL Habib Current Plus Account is a current account that meets all business and individual needs. The Account…
Standard Chartered Bank deployment of biometric technology expected to reach 5 million clients
Standard Chartered Bank will be deploying fingerprint and voice biometrics technology across Asia, Africa and the Middle East, according to…
UAE to provide Egypt central bank with 6-year, $1 bln deposit
The United Arab Emirates has agreed to provide Egypt's central bank with a $1 billion deposit for a duration of…
GFH considers stake in Bahrain’s Bank Al Khair
The Bahrain Islamic investment group GFH said on Monday it had signed a preliminary memorandum of understanding for a potential…
UAE offers $1 billion financial deposit to Egypt
The United Arab Emirates has offered a financial deposit worth $1 billion to the Arab Republic of Egypt at the…
FGB named as acquirer of NBAD
First Gulf Bank and National Bank of Abu Dhabi released preliminary financial information on the entity that will come from…
UAE bank deposits fall as Brexit vote spurs withdrawals among European customers
Total bank deposits fell by Dh7 billion last month, mainly due to a drop in non-resident money, said the UAE…
ACWA Power increases credit facility to $159.9m
Saudi Arabia-based water and project developer ACWA Power said Sunday it has increased its 2015 revolving credit facility by 600…
Iran hints at ending rial’s dual exchange rate system
Iran’s central bank is signaling that it will loosen its grip on the rial in an effort to end a…