Investments of UAE banks in Saudi Arabia and Egypt exceed $24 billion
The Central Bank of the United Arab Emirates announced that the value of investments by UAE banks in Saudi Arabia…
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QIB Launches 2019 Summer Campaign for Visa cardholders
Qatar Islamic Bank – in collaboration with Visa– is celebrating the festive season by announcing the return of its annual…
QNB recognised as Middle East and Africa region's largest bank
QNB Group continued its outstanding achievements by “topping” the Middle East and Africa region, on the Banker magazine’s Top 1000…
UAE approves 13 sectors eligible for up to 100% foreign ownership in bid to spur investment
The United Arab Emirates will allow up to 100 percent foreign ownership of some companies operating in 13 sectors, including…
QSE gains for fourth straight session on strong buy support
The Qatar Stock Exchange on Tuesday continued to gain for the fourth straight session on strong buying interests, especially within…
UAE indices little changed amid summer lull
The UAE’s benchmark indices were little changed on Tuesday amid a summer lull that saw trade values dwindle as investors…
Saudi Aramco to restart preparations for Mega IPO
Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, months after putting the planned…
Egypt United Bank Stake Sale Advances as Advisers Bid for Role
Egypt’s biggest investment banks, including EFG Hermes Holding Co. and CI Capital Holding, are vying to manage the sale of…
Swiss FINSA and what it means to Middle East investors
Dr. Martin Liebi, Attorney-at-Law at PricewaterhouseCoopers Legal, Zurich, explains how Switzerland’s upcoming Financial Services Act affects financial service providers and…
First banking M&A wave in GCC subsides but UAE still ripe for consolidation, says S&P
The recent wave of mergers and acquisitions in the GCC banking sector is losing momentum, however, the UAE – the…
Trial starts for Franco-Israeli man accused in carbon credits scam
The trial of a French-Israeli dual national accused of involvement in a huge tax fraud involving carbon credits known as…
Kuwait's Burgan Bank sells $500 mln in bonds to boost capital
Kuwait’s Burgan Bank is set to raise $500 million in capital-boosting bonds offering investors a 5.75% yield, a document by…