Emirates NBD raises $1.76 bln in an oversubscribed rights issue
Emirates NBD Bank ENBD.DU raised 6.45 billion dirhams ($1.76 billion) by issuing new shares after the capital call was oversubscribed…
Retail Banking
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Loans: Business and retail credit demand in UAE to pick up
Banks and financial institutions in the UAE expect a further pick in credit demand and loan off-take in the fourth…
Saudi Arabia doubles the amount banks can lend for Aramco IPO
SAUDI ARABIA'S central bank doubled leverage limits for retail investors looking to buy shares in oil giant Saudi Aramco, according…
SABB and HSBC complete first blockchain trade transaction in Saudi Arabia and Bahrain
SABB and HSBC have for the first time used blockchain technology in Saudi Arabia and Bahrain to finance international trade.…
Noor Bank raises AED646 million for Rasmala long income fund
Noor Bank has raised AED646 million for the Rasmala Long Income Fund (“the Fund”), the first Islamic finance instrument to…
KIB appoints Deputy General Manager of Wholesale Banking
Kuwait International Bank recently appointed Hesham Ahmad Al-Mubaraki as Deputy General Manager of Wholesale Banking – Head of Domestic Commercial…
Burgan Bank record one of the strongest third quarters
Raed Al-Haqhaq, Burgan Bank Deputy Group CEO and CEO-Kuwait, stated that Q3’19 was one of the strongest third quarters for…
NBK-Egypt reports KD 30 million in net profits
NBK-Egypt – a member of NBK Group – reported EGP 1.666 billion in net profits (KD 30 million) for 9M2019…
United Arab Bank records loss in 9 months
The United Arab Bank listed on the Abu Dhabi Securities Exchange reported an AED 63 million net loss during the…
Abu Dhabi Islamic Bank to discuss raising foreign ownership limits
Abu Dhabi Islamic Bank joined the likes of Emirates NBD and First Abu Dhabi Bank in looking at increasing foreign…
QIIB successfully issues ‘Additional Tier 1 Perpetual Sukuk’ of $300mnNovember
QIIB has announced the successful issuance of Additional Tier 1 Perpetual Sukuk of $300mn, which will be listed on the…
United Arab Bank Chooses Finastra to Power Digital Transformation
Finastra announced, during Finastra Universe Dubai, that it has signed a transformative deal with United Arab Bank. The bank…