Markaz successfully closes a 5-year KD25 million bonds issue
Kuwait Financial Centre Markaz and Gulf Bank announced in a joint statement the successful completion of Markaz 5-year bond issue…
Retail Banking
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Indonesia and Egypt attract Saudi investors
Governor Sunjaya Purwadi Sastra of Cirebon, a port city in northern West Java, Indonesia said bilateral trade between Indonesia and…
Dubai's Shuaa buys stake in Bahrain's Khaleeji Commercial Bank
Dubai's Shuaa Capital bought a 14.01 percent stake in Bahrain's Khaleeji Commercial Bank on Sunday for 9.56 million dinars ($25.4…
Commerzbank joins peers in paring back services to Gulf
Commerzbank has told customers in the Gulf it will no longer process their transactions in euros, four Gulf banking sources…
Qatar banks have ‘more spare cash on hand’ now, says Samba
Excess deposits by Qatar’s banks at the Qatar Central Bank increased to $2.6bn in September from $1.9bn in August, Samba…
KIB appoints new General Manager of Commercial Banking
Kuwait International Bank has appointed Ahmad Abdulrazzaq AlKazemi as General Manager of the Commercial Banking Department. In his role,…
Qatari bank CBQ says takes full control of Turkey’s Alternatifbank
Commercial Bank of Qatar, the Gulf Arab state’s third largest lender by assets, said on Tuesday that it had completed…
KIB appoints Ahmad AlKazemi as GM of Commercial Banking
Kuwait International Bank announced that it has appointed Ahmad Abdulrazzaq AlKazemi as General Manager of the Commercial Banking Department. …
Kuwait's Warba Bank hires banks to arrange up to $250m sukuk
Kuwait's Warba Bank has mandated nine banks to arrange an Islamic bond, or sukuk, of up to $250 million that…
Dubai provides debt advice for expats
The government in the United Arab Emirates has a message for the many people who fled the country in the…
Filipino workers in Saudi to have their own bank in Riyadh
Filipinos residing in Saudi Arabia are set to open their own bank in Riyadh by the third quarter of next…
De-risking by big banks ‘hitting global trade’
Banks around the world are reducing their banking relationships with a focus on higher-risk countries, including in the region, resulting…