Another amnesty scheme on the cards
The government is considering offering another amnesty scheme to the people who have stashed their money abroad in offshore companies…
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Four senior staff depart National Bank of Abu Dhabi – sources
Four top managers at National Bank of Abu Dhabi are leaving the bank ahead of a merger with First Gulf…
Big banks to shed 3,345 jobs
The six largest banks in Israel will spend a total of NIS 2.9 billion on early retirement programs over the…
Saudi sovereign fund buying stake in UAE utility firm
Saudi Arabia’s top sovereign wealth fund is buying a stake in UAE utility company Utico in a multi-million dollar deal,…
Oman Arab Bank completes perpetual bonds listing
Oman Arab Bank successfully concluded its issue of OMR-denominated Perpetual Bonds, raising OMR 30 million as Additional Tier 1 capital.…
United Bank signs partnership protocol with Suez Canal Economic Zone
Ashraf Elkady, chairperson of the United Bank of Egypt, and Ahmed Darwish, chairperson of the General Authority for the Suez…
Dubai's Shuaa Capital buys 14 percent stake in Bahrain's Khaleeji Commercial Bank
Shuaa Capital, a leading financial services firm in the UAE, has concluded a 14 per cent of ownership stake in…
Qatar Investment Authority to refinance Porta Nuova district’s debts
The Qatar Investment Authority intends to refinance their debts on Milano Porta Nuova and Varesine, the two complexes acquired in…
Ahlibank opens branch at Crowne Plaza Doha
Ahlibank has relocated its Al Mansoura branch to new premises at Crowne Plaza Doha – The Business Park, on Airport…
Individuals can get maximum SR3,215 in new banknotes, coins
The Saudi Arabian Monetary Authority has started distributing new Saudi currency banknotes and coins at its main branch in Jeddah.…
EDB approves $204m Emirati housing loans
The Emirates Development Bank has approved an estimated budget of Dh750 million, $204 million for 2017 to finance housing loans…
Meydan Group secures Dh1b financing from Adib
The master-developer Meydan Group has secured a Dh1 billion financing from Abu Dhabi Islamic Bank that would go to part-finance…