Emirates Islamic fosters innovation in Islamic Finance
The bank recently organised an ‘Innovation Day’ where various internal teams shared and showcased their innovations with working prototypes, to…
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Ashurst acts on advising for major Jordan wind farm
Ashurst advised the lenders on the successful closing of the Fujeij wind farm project in Jordan, which reached financial close…
The UAE's retail banking industry has witnessed several interesting developments this year.
The slowdown in oil prices has impacted every aspect of the financial services sector, but the UAE's diversified economy and…
Alinma partners to renew their cards thru ATMs
Alinma Bank announced the launch of Alinma “MADA” Card and “Purchase Credit Card” replacement and renewal service, as well as…
Global events weigh on Dubai property market sentiment
The UAE property market is heavily reliant on expatriate and international buyers and is, therefore, vulnerable to international economic dips. …
Financial Policy Coordination Council holds third meeting
The Ministry of Finance organised the third and final meeting of the Government Financial Policy Coordination Council for 2016. …
Kuwait's NBK, KAMCO invited to participate in Kuwaiti sovereign bond issue
National Bank of Kuwait, the Gulf Arab state's largest commercial lender, and investment firm KAMCO said they had been invited…
Gulf Bank obtains investment licenses from CMA, Kuwait
Gulf Bank is proud to announce that it is the first Bank to officially obtain investment licenses from the Capital…
KFH Capital acquires office tower in US for $165 million
KFH Capital Investment Co, a subsidiary of Kuwait Finance House Group KFH Group, has announced the successful acquisition of an…
Saudi Budget 2017: Shrinking deficit, raising expenditure
Saudi Arabia has announced today its general budget for the fiscal year 2017 that shows its gross domestic product growth…
Emirates Development Bank approves Dh1.5b in loans for housing sector, SMEs
The Emirates Development Bank, approved an estimated budget of Dh1.5 billion for 2017 to finance housing loans for Emirati citizens…
Iran allows free foreign exchange at banks in move to unify rates
Iran authorised some banks on Saturday to deal in foreign exchange trading at a free market rate, the central bank…