Middle East Stocks Mostly Gain, Egypt Rises to 8 Yr High in Record Volume on Foreign Buying
MidEast shares mostly rose, with Egypt jumping to an eight year high in record volume. Foreign investors were net…
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Fitch affirms ratings for five Bahraini banks
The Outlooks on the banks' Long-Term IDRs are Stable except GIB's which is Negative. A full list of rating actions…
Kuwait: IMF calls for more critical reforms
The International Monetary Fund has warned that “further subsidy reform is critical” in Kuwait because the country’s “fiscal and external…
Qatar and China will strengthen strategic relationship
Qatar organized “Made in China” exhibition at Doha Exhibition and Convention Centre going to be held on 15th to 18th…
Man Group closes Dubai office, to serve Middle East from UK
Man Group, the world's biggest listed hedge fund, plans to close its office in the Dubai International Financial Centre and…
Noor Bank closes AED 850 million Syndicated Islamic Financing Facility for Ajman Bank
Noor Bank, a leading Shari’ah compliant bank in UAE, was mandated for the second time to act as the Initial…
Abu Dhabi Rallies on Bank merger speculation; Saudi, Egypt rebound
Abu Dhabi bank shares surged on Wednesday because of renewed speculation that the government might merge more banks as part…
Banking giant HSBC strikes deal to sell its Lebanon business to Middle East lender Blom Bank
Banking giant HSBC has struck a deal to sell its Lebanon business to Middle East lender Blom Bank. The…
Middle East Shares Advance, Abu Dhabi Jumps on Speculation of More Bank Mergers
MidEast stocks rose, with Abu Dhabi rallying on renewed speculation the government might merge more banks as part of an…
Federal Bank to expand overseas footprints
Federal Bank, a leading Indian private sector banks, opened its second UAE representative office in Dubai as part of a…
GFH appoints Hammad Younas as head of investment management
GFH, the Bahrain based financial group, today announced the appointment of Mr. Hammad Younas as Head of Investment Management. In…
Sharjah Islamic Bank wins the 'Best Professional Practices Award for Internal Audit in the Private Sector' for the 2nd Consecutive Year
Sharjah Islamic Bank was presented the ‘Best Professional Practices in Internal Audit in the Private Sector’ award under the “Governance,…