Moody's assigns Counterparty Risk Assessment to 16 UAE banks
Moody's Investors Service has assigned Counterparty Risk Assessments (CR Assessments) to 16 banks in the United Arab Emirates (UAE). It…
Investment Banking
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Al Jaber seeks new terms for $4.5bn restructured debt
Abu Dhabi-based conglomerate Al Jaber Group is talking with banks to refinance around $4.5 billion of debt it restructured last…
Dar opens MCB branch in Dubai
Finance Minister Mohammad Ishaq Dar has inaugurated a branch of MCB Bank in Dubai heralding its first wholesale banking operations…
AIIB to play vital role in Asian infrastructure sector: Qatar
The Asian Infrastructure Investment Bank is expected to play a vital role in providing the investment needed to develop the…
Doha Bank raises QR2bn Tier 1 capital boost bond
Doha Bank, Qatar’s fifth-largest bank by assets, said yesterday it raised QR2bn ($549mn) through a capital-boosting bond, the latest Gulf…
Public perception of Israeli banks is not accurate
Governor of the Bank of Israel Karnit Flug says Israeli banks' profits are not excessive. "I know that some…
ADIB launches Tamkeen Women in Leadership Program
Abu Dhabi Islamic Bank has announced the launch of the Tamkeen Women in Leadership Program, a leadership training program dedicated…
Jordan signs pact to create Asian bank for investment
Minister of Planning and International Cooperation, Imad Fakhoury, Monday signed an agreement to establish the Asian Infrastructure Investment Bank in…
Bank of America Merrill Lynch wins 'Best M&A House in the UAE'
Bank of America Merrill Lynch has been recognised as the 'Best M&A House in the UAE' at the 2015 Euromoney…
Israel secures cooperation deal with Latin America's largest investment bank
In a move opening new business opportunities for Israeli firms, the Ministry of Economy on Monday inked a deal stipulating…
Emirates Investment Bank sitting on more cash, trims bond holdings
Emirates Investment Bank has trimmed its holdings in fixed income space and are sitting on a fifth of its portfolio…
Banque Misr celebrates 95th anniversary
This year marks the 95th anniversary of the establishment of the first Egyptian bank to be created solely with Egyptian…