Dubai-based Adeptio committed to takeover offer for Kuwait Food Co shares
Gulf investment group Adeptio plans to undertake a mandatory takeover offer of shares in Kuwait Food Co, it said in…
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Rasmala Investment Bank Limited Resolves Compliance Concerns with the DFSA
The Dubai Financial Services Authority has accepted an Enforceable Undertaking from Rasmala Investment Bank Limited, a company incorporated in the…
Abu Dhabi Commercial Bank reports nine month net profit of AED 3.153bn
Abu Dhabi Commercial Bank, ADCB, today reported its financial results for the nine month period ended 30th September 2016. …
Gulf Firms with Saudi outperforming on continued Optimism
Stock markets in the Gulf firmed in early trade on Sunday with one of the main property developers in Saudi…
QSE opens week on a flat note; index down for third session
Qatar Stock Exchange opened the week rather on a flat note; although gainers outnumbered losers by a narrow margin. …
€740m loan to support Egypt’s economy: European Investment Bank
Prime Minister Sherif Ismail and Minister of International Cooperation Sahar Nasr met with European Investment Bank vice president Dario Scannapieco…
Saudi record bond sale hands investors profit of $209mn
Investors who bought into Saudi Arabia";s record bond sale have made a profit of 209mn in just a day. …
Abu Dhabi Commercial Bank PJSC reports nine month 2016 net profit of AED 3.153 billion, third quarter 2016 net profit of aed 1.006 billion
Abu Dhabi Commercial Bank PJSC today reported its financial results for the nine month period ended 30 September 2016. …
UAE's Faisal Holding appoints Brett Schafer as Chief Executive Officer
Faisal Holding has announced the appointment of Mr. Brett Schafer in the role of Chief Executive Officer. As CEO…
Emirates NBD and UTI International to launch Islamic funds in India
Emirates NBD Asset Management has entered into a partnership agreement with UTI International, one of India’s largest money managers, to…
GCC Islamic banks among most efficient worldwide
Islamic banks in the Gulf Cooperation Council rank among the top 20 of most efficient Shariah compliant financial institutions worldwide,…
Riyadh's Record-Setting $17.5B Bond Issue Sets The Scene For Even More Middle East Debt Issuance
Saudi Arabia’s completion of a record $17.5 billion bond sale the largest ever by an emerging market sovereign could herald…