Turkey to grant new incentives for eligible investments on a project basis
Recent Development In an effort to reach Turkey's long-term macroeconomic targets of increasing Turkey's world trade share, ensuring the…
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Moodys: Qatar's Commercial Bank's strengthening capital and tighter lending will help moderate asset quality pressures
Qatar's third largest bank, The Commerical Bank, faces asset quality pressures but strengthening capital and tightening underwriting standards will support…
Dubai’s Arqaam Hires Mashreq Banker Hussain for Asset Management
Arqaam Capital Ltd., the Dubai-based investment bank focused on emerging markets, hired Abdul Kadir Hussain to set up and head…
Israel's IDB asks JPMorgan to seek buyer for Clal Insurance
Argentinian businessman Eduardo Elsztain, the controlling shareholder in Israeli conglomerate IDB Development Corp, said on Wednesday he has appointed JPMorgan…
Turkey's Agaoglu sees strong demand from Gulf investors
Turkish developer Agaoglu has said its foreign sales volume has reached $2 billion following the inauguration of its first international…
Boubyan Bank reports 18% growth rate in 2016
Kuwait's Boubyan Bank recently reported a net profit of $62.7 million with a growth rate of 18 percent during the…
Saudi Arabia Expected to Choose Aramco IPO Advisor
Saudi Arabian Oil Co. is said to be choosing an adviser from a list of boutique banks to help Aramco…
Abu Dhabi’s Mubadala fund loses $1.19 bln in first half of 2016
Abu Dhabi’s state-run Mubadala Development Co. wealth fund has announced it lost $1.19 billion in the first half of 2016.…
Sharjah Islamic Bank and Emirates Islamic list Sukuk on Nasdaq Dubai
The listings raised the total value of Sukuk listed in Dubai to $44.8 billion, reinforcing the emirate’s stature as the…
Mezzan Holding has a new group chief financial officer
Kuwait-based food and beverage company Mezzan Holding has named Fares Hammami as new group chief financial officer. Hammami served…
Turkish Central Bank Decreases Reserve Ratio Requirements Further
Recent development Committed to providing the markets with liquidity following in the wake of recent political and economic developments…
BRSA Incentivizing Energy Sector Debt Refinancing
The Turkish energy and banking sectors will receive a much needed bolster with the Banking Regulation and Supervision Authority’s (the…