Abu Dhabi’s ADNH signs Dhs1.6bn loan to fund acquisition of Dubai hotels
Abu Dhabi National Hotels (ADNH) has signed a Dhs1.6bn ($435m) loan facility with First Abu Dhabi Bank to acquire a…
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Ghana: Police confirm arrest of wanted businessman in Dubai
The Ghana Police Service has confirmed the arrest of Nana Appiah Mensah, the Chief Executive Officer of Menzgold, a Ghanaian…
Investment Minister Nasr lauds investment opportunities in Egypt
Egypt's Investment Minister Sahar Nasr says business opportunities in Egypt are promising, assuring investors about a friendly climate that is…
Middle East bond rush shunned by Oman before $6.2bn debt push
Oman’s government is in no hurry to follow its peers across the Middle East who kicked off the year by…
Top Mideast Banker Pay Slashed by Up to a Quarter Amid Slowdown
Salaries for top banking and finance professionals in the Middle East have been slashed by as much as a quarter…
Progress in the Saudi Islamic finance industry
The Islamic banking industry have shown a far higher level of resilience than conventional banking during international financial crises over…
Employment pact for Filipino workers kicks in
The agreement on the employment of Filipino workers in Kuwait comes into force today after being ratified Deputy Prime Minister…
It’s Getting Foggy Out There by Gary Dugan
Fed Chairman adds to the fog around Fed policy direction The muddled US policymaking doesn’t bode well for when…
Saudi bank Al Rajhi in merger talks for its Malaysian unit with another lender
Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, said it is in talks for a potential merger of its…
NBE signs 3 agreements worth 25 million euros to finance EPAP III
The National Bank of Egypt and board directors of three major companies have signed three agreements, worth 25 million euros,…
BDB appoints new head of banking
The Bahrain Development Bank has announced the appointment of Raed Yousif Bukannan as Head of Banking. He will be…
RippleNet surpasses 200 customers with 13 financial institutions joining recently
Thirteen new financial institutions are joining the RippleNet network, making it to have more than 200 customers to date. …