Middle East Millennials lead the way globally in entrepreneurship
A major new international report1 from HSBC Private Bank reveals that the Middle East is home to the highest proportion…
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Saudi Arabia to hold out bond mandate prospect to banks
Saudi Arabia is holding out the prospect of a role in its first international sovereign bond to banks that participate…
Moody's takes rating actions on 26 GCC banks
Of the 26 GCC banks affected, the long-term ratings and/or the Counterparty Risk Assessments of 25 banks domiciled in Bahrain…
Standard Chartered goes global with 'bank on an iPad'
Standard Chartered is to equip staff worldwide with an iPad-based sales and service tool that "brings the bank" to the…
Iranian billionaire Babak Zanjani sentenced to death for embezzlement
A court in Iran has sentenced to death Iranian businessman Babak Zanjani and two accomplices for embezzlement, the judiciary has…
Dubai Islamic Bank wins record nine accolades at Islamic Finance News Awards
Dubai Islamic Bank, the largest Islamic Bank in the UAE, announced today that it has won a record nine accolades…
UAE payments firm in talks with Iranian banks
Network International, the largest payments processor in the Middle East and Africa, could begin working with some of Iran's largest…
Global Banks Approach Israel Over Sale of Credit Card Units
Global investment banks have recently expressed interest in the sale process of Israel’s two biggest credit card businesses, according to…
Qatar-turning-to-international-debt-markets-to-shore up its finance,says Markaz
Qatar “is in talks” with banks about a sovereign sukuk issue, and is “looking to cover” a $12.8bn deficit by…
AUB acquires 40 percent shares of MEFIC Capital
Ahli United Bank Group, a pan GCC banking group, has obtained the necessary regulatory clearances to acquire 40 percent shares…
FGB announces 100% cash dividend for 2015 at Annual General Meeting
FGB, one of the leading banks in the UAE, successfully concluded its Annual General Meeting (AGM) today at the St.…
UAE Central Bank to put in circulation revised Dh200 note today
The Central Bank of the United Arab Emirates has announced that it will put a new Dh200 denomination currency note…