Trade Bank of Iraq looking to acquire a Turkish lender
State-owned Trade Bank of Iraq, which has about $20 billion (Dh73.46bn) in assets and focuses on trade finance, is looking…
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UAE Central Bank to support Invest Bank with 'all available liquidity facilities'
The UAE’s Central Bank (CBUAE) has pledged its support for the embattled Sharjah-based Invest Bank with “all available liquidity facilities”…
ABK wins The Asian Banker Credit Risk Management Award for 2018
Al-Ahli Bank of Kuwait (ABK), recently listed as one of the top 10 safest banks in the Middle East by…
Objectway mentioned in Gartner’s Market Guide for Digital Banking Platforms
Gartner’s Market Guide for Digital Banking Platforms references Objectway among 29 representative platforms for its eXtend solution. This is…
The Story of Malaysia’s 1MDB, the Scandal That Shook the World of Finance
Malaysia’s state-owned investment fund, 1MDB, was supposed to attract foreign investment. Instead, it has spurred criminal and regulatory investigations around…
Bank of Sharjah celebrates 45 years of achievements
On Thursday 13th December 2018, Bank of Sharjah celebrated at the Jumeirah Beach Hotel – Dubai its 45th anniversary and…
Qatar Fund building venture capital unit for US startups
Qatar's sovereign wealth fund, famous for investments in London's Shard and Tiffany & Co., is quietly expanding its venture capital…
Iraq’s new lender selects ICSFS for universal banking solution
The newly instated Hammurabi Commercial Bank in Iraq has selected the ICS Banks Universal Banking Software Suite by ICSFS, a…
ENBD launches facility for low-vision customers
Emirates NBD (ENBD), a leading bank in the Middle East region, has announced the introduction of Traveller HD, an assistive…
Alizz Islamic Bank Wins Award for 'Best Arabian Management Team'
Alizz Islamic Bank has been awarded the ‘Best Arabian Management Team’ award in 2018 edition of Arab Best Awards ceremony,…
Kuwait allows limitless foreign trade, ownership in bank shares
The Kuwaiti Ministry of Commerce and Industry announced that foreign investors will be allowed to own and trade in bank…
Dubai Investments unit said to hire HSBC, Citigroup for sukuk
Dubai Investments’ property unit hired HSBC Holdings and Citigroup to sell Islamic bonds early next year as it seeks to…