Fed-driven GCC rate hikes may trigger ‘lower growth, higher borrowing costs’
The hardening of interest rates in the Gulf Cooperation Council, in view of the US Federal Reserve’s future policy stance…
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Kuwait's Warba Bank hires banks to arrange up to $250m sukuk
Kuwait's Warba Bank has mandated nine banks to arrange an Islamic bond, or sukuk, of up to $250 million that…
Dubai provides debt advice for expats
The government in the United Arab Emirates has a message for the many people who fled the country in the…
Arabian Centres CEO elected to MECSC Board
Khalid Suleiman Al Jasser, CEO of Arabian Centres, the leading developer, owner and operator of international standard shopping malls in…
ABank becomes full subsidiary of Commercial Bank
The Commercial Bank, one of the most important banks in the Gulf region and Qatar's first private bank, has purchased…
Filipino workers in Saudi to have their own bank in Riyadh
Filipinos residing in Saudi Arabia are set to open their own bank in Riyadh by the third quarter of next…
First Int'l Bank sells Swiss operations
First International Bank of Israel is liquidating its remaining international business, and will become the only one of Israel's five…
Barclays named “Wealth Manager of the Year” in the Middle East
For the third consecutive year, Global Investor, the leading international publication specialising in asset management, has named Barclays the ‘Wealth…
Deal-making to drive 2017 Middle Eastern banking fee fest
A Middle Eastern investment banking fee bonanza should extend into 2017, spurred by a combination of bond and share sales…
Dawn of financial technology in Islamic finance
Over the past decade, financial technology widely referred to as FinTech has grown primarily due to growing Internet access worldwide…
Franklin Templeton Sees 2017 Bright Spot in Mideast Stocks: Q&A
Equity markets in the Middle East, especially oil-producing Arab Gulf nations with dollar pegs, should perform better than other developing…
Islamic finance set for big lift from Iran
The Islamic finance industry is expected to get a significant lease of life from the opening of Iran’s economy which…