Saudi Aramco CEO says SABIC deal would impact IPO timeline
Saudi Aramco has signaled another potential delay for the world’s largest initial public offering after it started talks this week…
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First state-owned Chinese financial firm sets up in Abu Dhabi
Abu Dhabi Global Market has announced the establishment of the first Chinese state-owned financial services firm to provide investment and…
Cerberus Capital walks away from offer for Abraaj funds
Cerberus Capital Management has pulled out of the bidding process for Abraaj Group’s asset-management platform after its offer was rejected…
First Bahrain announces appointment of new acting CEO
First Bahrain, the developer which owns or holds rights to over 1,000,000 square feet of land in the Gulf kingdom,…
Noor Bank rolls out new proposition for the affluent
Noor Wealth, a wealth management proposition by Noor Bank tailored to meet the personal and business financial needs of high-net-worth…
Turkish finance minister sees promising outlook for economic growth
Turkey is continuing its strong economic growth trend and the foundations of its economy are strong, new Finance Minister Berat…
United Arab Bank posts $22m H1 net profit
Sharjah-based United Arab Bank (UAB) reported net profits for the first six months of 2018 at Dh81 million ($22 million),…
Bahrain's Ithmaar Holding discloses exposure to embattled Abraaj Group
Bahrain's Ithmaar Holding has declared its exposure to private equity firm Abraaj Group, adding to the list of financial institutions…
Noor Bank strategy to become world class Sharia bank
Noor Bank after undergoing a recent management overhaul is working on a strategy to emerge as one among top ten…
UAE entrepreneurs face ongoing banking challenges, solutions proposed
A study from Dubai Chamber of Commerce and Industry conducted in coordination with the UAE Ministry of Economy, Council of…
Gulf Bank records an increase of 18 pct in net profit for H1, 2018
Gulf Bank K.S.C.P. announced its financial results for the first half of 2018. The Bank recorded a net profit of…
UAE based firm appoints CEO and VP in Hong Kong
UAE based Holborn Assets has announced the double appointment of a CEO and Vice President to lead its Hong Kong…