GCC firms 'should tap' non-bank options for funds
GCC businesses should explore alternative non-bank options available in the region to raise funds, rather than relying just on traditional…
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Investcorp acquires $400m US residential properties
Bahrain-based Investcorp said its US-based real estate arm has acquired three multifamily housing properties in New York, California, and Nevada…
QIB names board members for 2017-19
QIB annual general meeting has selected the following board members for the period 2017-2019, after the withdrawal of two board…
Qatar Islamic Bank gets nod to raise AT1 Capital Sukuk limit
Qatar Islamic Bank’s ordinary general assembly has given approval to increase the limit of the perpetual Sukuk from QR5bn to…
Saudi Arabia issues request for proposals for international sukuk – sources
Saudi Arabia has sent a request for proposals to banks for a planned U.S. dollar sukuk, or Islamic bond, two…
Nasdaq and Borse Dubai Sign Landmark Market Technology Deal
Nasdaq, Inc. and Borse Dubai today announced a new landmark agreement to bolster the technological infrastructure of Dubai's stock exchanges,…
Abu Dhabi financial law underscores transparency
A new law in Abu Dhabi is intended to ensure transparency and accountability in all of the city’s government work…
Ahli United Bank BSC net profit surges by 6.2% to $570.6 million
Ahli United Bank BSC reported a net profit attributable to its equity shareholders of $570.6 million for the year 2016,…
Bahrain taps 2028 dollar bond
The Kingdom of Bahrain announced on Tuesday a tap of up to $600 million, Dh2.2 billion of its existing 144…
Is It Time to Toast or Roast Rising Wine Prices?
Wine prices have been on a tear for 14 months, as measured by the Liv-ex 100 Fine Wine Index. …
Why you must mull buying property in Dubai this year
After an exacting year of 2016, the Dubai real estate market is expected to soften in 2017. However, Dubai prevails…
Tadawul appoints first female Chairperson
Al-Suhaimi is currently the Chief Executive of investment bank NCB Capital, and will continue in this role. Al-Suhaimi takes…