Saudi sovereign wealth fund in bank talks for debut loan
Saudi Arabia’s sovereign wealth fund is in talks with global banks to borrow between $6bn and $8bn, marking the first…
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Banks weigh on Saudi and Dubai, as Qatar rebound continues
Shares of blue chip banks and petrochemical companies weighed on the Saudi stock market on Tuesday, while Qatar's benchmark index…
Stellar approved as ‘Sharia Compliant’ by the Central Bank of Bahrain: XLM/USD resumes the uptrend
The Central Bank of Bahrain is reported to have approved one of the top ten cryptocurrency projects, Stellar.org as Sharia…
Arun Hari appointed Group Chief Risk Officer at Gulf International Bank
Gulf International Bank is pleased to announce that Arun Hari has been appointed as Group Chief Risk Officer as of…
Lebanese and Iraqi authorities bust fraud ‘mafia’ that targeted Beirut bank
An Iraqi fraud network that blackmailed a Lebanese bank, claiming ownership of millions of dollars of funds, has been uncovered…
Al Hilal Bank partners with Abu Dhabi Global Market to promote Islamic finance
Al Hilal Bank has announced a new partnership with the Abu Dhabi Global Market, the International Financial Centre in Abu…
Funds' confidence in UAE equities returning, bullish on Kuwait
Fund managers' confidence in United Arab Emirates stock markets is returning after being damaged by the planned liquidation of Dubai-based…
QFB announces half year financials results
Qatar First Bank, a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange, has released…
GCC bonds, sukuk issuance rises 10%
The aggregate primary issuance of bonds and sukuk by Gulf Cooperation Council entities, including central bank local issuances and GCC…
Emirates NBD debunks myths on hiring people of determination
Emirates NBD, one of the leading banking groups in the region, convened a panel discussion to debunk myths among UAE…
Credit Suisse applies for Saudi banking licence
Tidjane Thiam, the chief executive of Credit Suisse, has travelled to Saudi Arabia to personally apply for a full banking…
Founder of Middle East's Abraaj faces fresh criminal action
Arif Naqvi, the founder of Abraaj, the Middle East's largest private equity firm, is facing fresh criminal charges over accusations…