Banks body holds board meeting
The Board of Directors of the Oman Banks Association (OAB) held a meeting recently at the Oman Banks Association head…
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CBQ to raise funds from Asian market
Qatar’s third-largest lender, Commercial Bank of Qatar (CBQ), is considering borrowing money on the Taiwanese bond market, its group chief…
Modi’s ambitious infrastructure fund NIIF to get up to $5 to 10 bn first investment; know details here
Ending a hiatus since it was launched more than two years ago, the much-touted National Investment and Infrastructure Fund (NIIF)…
SaudNew round of GCC bank mergers in the offing
GCC's banking sector is expected to see a new round of mergers and acquisitions in the wake of the latest…
UAE central bank withdrawal of excess cash from banking system signals recovery, analysts say
The UAE Central Bank reduced banking sector liquidity for a second consecutive month in August, a move analysts believe signifies…
The $101 Million syndicated Murabahah financing facility for Bahrain Islamic Bank closed
Bahrain Islamic Bank B.S.C. has successfully closed a debut $101 million one-year Syndicated Murabahah Financing Facility. The Facility, which…
Mashreq Bank Accelerates Branch Automation Journey With Diebold Nixdorf Technology and Software
Mashreq Bank, one of the first banks in the Middle East and a leading financial institution in the UAE, has…
Winner of inaugural IFN Law Award for FinTech
Islamic Finance News has announced that international law firm Simmons & Simmons has been awarded the 2017 IFN Law Award…
Global Finance names QIB ‘safest Islamic bank in Qatar’
Qatar Islamic Bank has been recognised by Global Finance as “The Safest Islamic Bank in Qatar” and “one of the…
Shari Arison to sell half of her stake in Bank Hapoalim to US investors
Heiress, businesswoman and philanthropist Shari Arison has signed a memorandum of understanding with North American investment firms and institutional investors…
Startup forms partnerships with key Saudi institutions to boost MENA start-up funding
Dawood Al Shezawi Chief Executive Officer of AIM Startup, has signed a Memorandum of Understanding with Osama Ashri, Head of…