Warba Bank acquires portfolio in US company – Investment worth $2 bln
Warba Bank, a leading bank in Kuwait, has announced the acquisition of equipment leasing portfolio managed by ATEL Capital Group,…
Investment Banking
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BankDhofar Successfully Closes US$250 Million Term Loan
BankDhofar has announced the successful closing of a $250 million, three-year term loan facility where Bank ABC, BNP Paribas, Commerzbank…
UAE's United Arab Bank appoints three to senior management positions
United Arab Bank P.J.S.C announces changes to its senior management team to support the bank's strategy of delivering value to…
Burgan Bank debuts US$350mn club facility
Kuwait’s Burgan Bank has signed an inaugural US$350mn, two-year club facility with a group of local and international relationship banks.…
Sharjah Islamic Bank wins award for internal auditing practices
The fifth Chief Audit Executive Conference recently honored Sharjah Islamic Bank (SIB) for its internal auditing practices. SIB was…
Pharos seeks to promote increased investment in 2016: Sherif Abdel Aal
Pharos Investment Banking plans to begin the new year with the finalisation of three acquisition deals, with a cumulative value…
HSBC snaps ties with Islamic Relief over 'terror' fears
HSBC has snapped banking ties with UK's largest government-funded Muslim charity, Islamic Relief, over alleged fears of terror funding. …
Emirates NBD wins prestigious titles
Emirates NBD, a leading bank in the region, has been named ‘Bank of the Year – UAE 2015’, and as…
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…
NCB capital named "Best corporate advisory" at "10th annual islamic business & finance" awards
NCB Capital , Saudi Arabia's leading provider of investment banking and wealth management services and largest asset manager, is announced…
Ahli United Bank listed in MSCI index
Bahrain-based Ahli United Bank has been included in the MSCI Frontier Markets Index, said the leading US-based provider of equity,…
DFSA Censures MAS Clearsight and Directs it to Compensate Investors
The Dubai Financial Services Authority (DFSA) has censured MAS Clearsight Limited (MAS) and directed MAS to pay compensation of USD3,200,000…