Qatar's Doha Bank picks banks for conventional bond issue -sources
Doha Bank, Qatar's fifth largest lender by assets, has picked banks for a conventional bond issue, banking sources said on…
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Saudi fund says no plan to cut local equity holdings
Saudi Arabia’s Public Investment Fund, the country’s main sovereign wealth fund, said it had no plan to sell stakes in…
Ahli United Bank selected as second safest Islamic bank in Kuwait in 2016
Ahli United Bank Kuwait has been selected as the “Second Safest Islamic Bank in Kuwait 2016”, and the fourth across…
AUB named ‘Best Private Bank in Bahrain 2016’
Ahli United Bank has been named “Best Private Bank in Bahrain” at the prestigious Global Private Banking Awards 2016 ceremony…
Industrial and Commercial Bank of China /ICBC/ celebrates listing of a 400 million USD bond on Nasdaq Dubai
Wang Hongbo, Executive Vice President of China Foreign Exchange Trade System, rang the market opening bell on 13 Nov 2016…
Gulf banks could lose access to dollar clearing, UAE c.banker warns
Commercial banks in the Gulf could lose their ability to have dollar trades cleared through the US banking system, increasing…
Saudi central bank: hopes money rates to keep falling, not worried by U.S.
The Saudi Arabian central bank hopes interbank money rates SAIBOR= continue to fall, central bank governor Ahmed al-Kholifey told a…
CMA collaborates with WB in holding sukuk conference
The Sukuk Conference, titled “Sukuk Market – Challenges and Opportunities” organized by the Saudi Capital Market Authority in collaboration with…
Saudi 'comfortable' with foreign reserves level: central ban
Saudi Arabia has a "very comfortable" level of foreign reserves, the central bank chairman said on Monday, despite a drawdown…
Noor Bank closes $231.5 million Islamic loan for UAE's Ajman Bank
Noor Bank has closed the syndication of an 850 million dirham ($231.5 million) Islamic loan for United Arab Emirates-based Islamic…
Bahrain's Gulf International Bank requests proposals for dollar bond issue -sources
Gulf International Bank has asked banks to submit proposals to arrange a potential U.S. dollar denominated bond issue, banking sources…
UAE employee’s unlimited contract not subject to penalty
I have been in the UAE for seven months and know that if I want to resign I have to…