Merger of FGB, NBAD completed
The UAE market regulator, Securities and Commodities Authority, has issued a certificate completing the merger of First Gulf Bank and…
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Saudi Binladin creditors agree to $1.1bln financing extension
Saudi Binladin Group’s (SBG) creditors have agreed to extend by two years a 4 billion riyal ($1.1 billion) Islamic credit…
Islamic finance aims for easier sukuk investment with proposed new standards
Two top standard-setting bodies are proposing new guidelines for Islamic bonds that could increase investment in the instruments by making…
Three European development banks, EU launch $151 mln green economy facility in Egypt
The European Bank for Reconstruction and Development, along with Agence Française de Développement, the European Investment Bank and the European…
RAKBANK launches enhanced digital banking platform called RAKBANK beyond
The Bank’s digital transformation, RAKBANK Beyond, is designed to provide end users with features such as heightened security, maximum convenience,…
Qataris own 3 times more of London than the Queen
UK-based business magazine Property Week teamed up with Datscha, a commercial property data company, to reveal which companies own the…
Deutsche Securities Saudi Arabia appoints Tamim Jabr as Chief Executive Officer
Effective immediately, Jabr takes over from Jamal Al Kishi, who as previously announced has become Chief Executive Officer for Deutsche…
Dubai has highest number of self-made Gulf billionaires – report
Dubai is the preferred location for the Gulf’s super-rich with 12 billionaires located in the UAE emirate, according to the…
More UK firms eye Dubai expansion post-Brexit
Emerging markets are becoming increasingly attractive to UK businesses, with 75 percent eyeing Dubai as an overseas business location to…
ASAR acts as Kuwait legal counsel on dual-tranche $8 bn issuance
Al Ruwayeh & Partners, Kuwait's leading and most prominent corporate law firm, and one of the region's top tier law…
Saudi Binladin creditors agree to $1.1 bln financing extension
Saudi Binladin Group’s creditors have agreed to extend by two years a 4 billion riyal ($1.1 billion) Islamic credit facility…
NBAD, FGB said to pick investment banking team for merged bank
National Bank of Abu Dhabi PJSC and First Gulf Bank PJSC picked a new investment banking team as Abu Dhabi’s…