Credit insurer Coface expects easing in payment delays in Saudi Arabia
Payment delays in Saudi Arabia should ease gradually in 2017 after recent payouts by the government to companies, particularly builders,…
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Last plot of land in Dubai's JBR to get $272m luxury tower
Dubai Properties on Sunday awarded the main construction contract for the $272 million (AED1 billion) 1/JBR, a 46-storey luxury tower…
Gulf Bank announces Ahmad Al-Duwaisan as General Manager of Corporate Banking
In his new role, Al-Duwaisan will be managing Gulf Bank’s corporate banking division, and will be supporting senior management in…
Burgan Bank introduces new Visa Debit Cards to its Private and Premier
Burgan Bank, the second largest bank in Kuwait recently announced further expansion of its debit cards portfolio with the launch…
Recognition of Gulf Bank’s digital innovation continues with two awards from World Finance
Recognition of Gulf Bank’s digital innovation continues with two awards from World Finance Magazine an international bi-monthly print and online…
Ahead of merger, UAE banks NBAD, FGB finalise second-tier management
National Bank of Abu Dhabi and First Gulf Bank have picked the second level management team for the combined entity…
UAE reminds Pakistan of changed realities
The United Arab Emirates, historically close to all South Asian countries, is the latest among many traditional friends that is…
GCC VAT a test for Islamic Finance
The plan to introduce Value Added Tax in Gulf Cooperation Council member states could be a key test for the…
Kuwait’s Equate set to issue $750 million seven-year sukuk
Kuwait’s Equate Petrochemical will issue a $750 million, seven-year sukuk early next week, company representatives told investors on Sunday during…
Turkey moves billions in state assets to wealth fund for megaprojects
The Turkish government has ordered the transfer of billions of dollars in state assets to a sovereign wealth fund, in…
White & Case advises Investment Corporation of Dubai on $1 billion issuance of Trust Certificates
The trust certificates, which were issued in a single tranche maturing in 2027, were offered pursuant to Regulation S and…
Middle East-based Emirates NBD launches mobile app-based bank
UAE bank’s new account is based on a smartphone app that is designed to learn and adopt to customer preferences…