Cyprus property opens avenues to EU residency
Known as a favourite tourist destination with its idyllic beaches and crystal-clear Mediterranean waters, Cyprus has also attracted attention for…
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Abu Dhabi Fund Loses Crisis-Related Arbitration Against Citigroup
Citigroup Inc. has prevailed in the latest arbitration pursued by Abu Dhabi Investment Authority over the sovereign wealth fund’s $7.5…
Ezz Al-Arab named chairperson of FEB for three more years
The board of directors of the Federation of Egyptian Banks chose Hisham Ezz Al-Arab for the chairmanship of the federation…
US's Citi bank applies for capital markets licence in Saudi Arabia- sources
Citigroup has formally applied for a licence to conduct capital markets business in Saudi Arabia, two sources familiar with the…
Discount Bank 2016 profit up 21% to NIS 961m
Israel Discount Bank reported a net profit of NIS 905 million for 2016 today, 21% more than in 2015. …
Accenture launches upgraded banking technology platform at NCB
The highly complex project which took approximately two years to complete, was part of NCB’s NextGen programme, also undertaken with…
Commercial Bank’s long-term foreign currency and financial strength ratings lowered
The downward revision in the FSR is due to weakening asset quality, tight liquidity metrics, albeit that some are better…
Citi applies for capital markets licence in Saudi Arabia
Citigroup has formally applied for a licence to conduct capital markets business in Saudi Arabia, two sources familiar with the…
Japan's Mitsubishi UFJ bank optimistic on Saudi project finance, Aramco IPO role
Mitsubishi UFJ Financial Group expects double-digit growth in its project finance business in the Middle East in 2017, driven partly…
Turkish Riviera attracts high net worth travelers from the Gulf
At the heart of the Turkish Riviera, stunning Bodrum is an alluring seaside escape for Arabian Gulf-based travelers, according to…
UAE Bank credit to industrial sector grew 190 percent in 10 years
The UAE bank credit to the industrial sector grew by 190 percent to AED70 billion over the past decade, accounting…
GCC banks see decline in profits for first time since 2008: Report
The impact of the decline in oil prices has hit the banking industry. Due to a severe increase in…