Abu Dhabi Sovereign Wealth Fund Picks Up Stake In KKR India NBFC
Private equity firm KKR said on Monday Abu Dhabi Investment Authority has bought a stake in KKR India Financial Services…
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CBB Issues Wholesale Banking License To Branch
The Central Bank of Bahrain announced that it has issued a license to Mashreqbank PSC to open a wholesale bank…
Union National Bank Is A Pillar Of The United Arab Emirates Economy
The financial services sector is an important part of the UAE economy, one that helps much of the region’s growth.…
New Startup Funding And Funds Unveiled At Egypt’s RiseUp Summit
In early December, regional entrepreneurs, investors and business executives gathered in downtown Cairo for the fifth edition of the annual…
Saudi banks prepare for riyal coins
Saudi banks have been advised to make the gradual transition from one riyal notes to one and two riyal coins…
CBE to receive EALB development plan by early 2018: EALB chairperson
The board of directors of the Egyptian Arab Land Bank will be presenting its development plan to the Central Bank…
Credit card details of many customers in UAE stolen
Credit card details of many UAE residents have been stolen and the central bank has asked financial institutions to inform…
GCC corporate, infrastructure sukuk outlook uncertain
Favourable market conditions supported the strong growth of corporate and infrastructure sukuk issuance across the GCC in the first nine…
Strong operating environment to support UAE banking sector
The UAE’s banking sector outlook for 2018 remain solid in the context of stable operating environment in the country, according…
Bahrain’s economy continued to outperform expectations in 2017
The Central Bank of Bahrain (CBB) yesterday affirmed that the economic situation in Bahrain remains robust supported by strong banking…
What is holding back corporate sukuk issuers in the GCC?
Amid the rising need for corporate and infrastructure financing in the GCC, only a few corporate and infrastructure entities currently…
Kuwait’s growth improving on projects
The economy continues to bounce back from a 2015 slowdown, which was induced by a fiscal adjustment in the wake…