GCC sovereigns' 2020 outlook is negative, says Moody's
Moody’s Investors service said in a report that the outlook for sovereign creditworthiness in the Gulf Cooperation Council in 2020…
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World Bank Slashes MENA Growth Forecast Due to Geopolitical Tensions
The World Bank, on Wednesday, slashed the growth forecast for the UAE, GCC, and Middle East and North Africa (Mena)…
Bank scam gang arrested in UAE, stole thousands from residents
A gang of four phone fraudsters, who were able to steal Dh12,199 from residents' bank accounts, has been sentenced to…
Bahrain's sovereign wealth fund Mumtalakat hires banks for dollar sukuk
Bahrain’s sovereign wealth fund Mumtalakat has hired banks to arrange fixed income investor meetings ahead of a potential issue of…
Saudi Arabia 2020 budget
The Saudi government set an optimistic target for the country’s economic growth when the Cabinet approved the SAR 1.02 trillion…
Saudi Business Sector Promised With Attractive Investment Opportunities in Cyprus
The Saudi business sector focuses on bolstering partnership opportunities and trade and investment cooperation with Cyprus. A Cypriot diplomat…
AAOIFI grants compatibility of compliance certificate to iMAL Islamic financial software of Path Solutions
The Accounting and Auditing Organization for Islamic Financial Institutions carried out a rigorous process of testing the compliance of iMAL…
Clifford chance and AS&H advise on a $1.9bln refinancing package for Arabian Centres Company
Clifford Chance, together with Abuhimed Alsheikh Alhagbani Law Firm, have advised the joint lead managers and lenders on a US$1.9…
UAE’s Tabreed eyes new deals amid GCC expansion push
The National Central Cooling Company, also known as Tabreed, is looking to expand its presence in the Gulf markets, particularly…
Mashreq signs agreement with DIFC to provide Escrow account services to owners' associations
Mashreq, had announced that it has signed an agreement with Dubai International Financial Centre, which will enable the bank to…
Kuwait Finance House-Bahrain honours "Fursan Baytik" employees for Q3 2019
Kuwait Finance House–Bahrain, recently honoured another batch of employees under the ‘Fursan Baytik’ Employee Recognition programme in acknowledgement of their…
Al Salam Bank-Bahrain opens new Riffa branch in Al Raya Mall
Al Salam Bank-Bahrain officially opened its newest branch at Al Raya Mall in Riffa in the presence of the Executive…