UAE’s Mashreq bank hires banks ahead of dollar bond sale
Dubai-based Mashreqbank has hired banks to arrange fixed income investor meetings ahead of a potential issue of five-year U.S. dollar-denominated…
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Bank Muscat's Asset Management Division Marks RO1bn Milestone
Bank Muscat’s private equity and asset management division marked a major milestone of crossing RO1bn assets under management. The…
Jordan's AJIB to release instant bank cards with Network Int'l
Arab Jordan Investment Bank (AJIB) was announced to be now cooperating with Network International for the immediate implementation of active…
2019: Good start for UAE businesses
With rates of expansion in output and new orders accelerating amid reports of stronger market demand in January, non-oil businesses…
UAE releases $496 million frozen funds, ending Kuwait dispute
A dispute between Dubai and Kuwait appeared to have ended on Tuesday as the United Arab Emirates’ central bank authorized…
Commercial Bank to issue ‘kangaroo’ bonds in 2019: Group CEO
Commercial Bank is looking to jumpstart 2019 by issuing around A$200mn to A$250mn ‘kangaroo’ bonds in the next coming months,…
Treasury to take over Turkey’s largest listed bank, Erdogan says
Turkish President Recep Tayyip Erdogan said the Treasury would take over Istanbul-based Isbank, sending the private lender’s shares plunging. …
ABK records KD 42.1m in net profit for 2018
Al-Ahli Bank of Kuwait, yesterday announced its financial results for the fiscal year ended 31st December, 2018. The Bank…
Lombard Odier to open in Abu Dhabi
Lombard Odier is poised to open a branch1 in Abu Dhabi, expanding its existing footprint in the United Arab…
Bank lending remains key financing tool in GCC: NBK
Bank lending is still a leading financing instrument for megaprojects in the GCC countries, general manager of foreign corporate, oil…
Liechtenstein-Based Crypto Fund Manager Receives Backing from Dubai Royal
Dubai royal and Emirates Group chairman Sheikh Ahmed bin Al Maktoum is backing Lichtenstein-based cryptocurrency fund manager Invao, according to…
CCAvenue.ae Wins Prestigious FinTech Accolade at the International Finance Awards
In recognition of the prominent role played by CCAvenue towards the evolution of digital payments in the U.A.E., the company…