Natixis approved to issue Letters of Credit for trading on DME
Dubai Mercantile Exchange and Natixis have announced that Natixis has been approved to issue Letters of Credit for trading on…
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Removal of subsidies likely to impact Bahrain's real estate market, says Cluttons
Plans by the Bahraini government to remove fuel and utility subsidies are likely to have a long term impact on…
Fiscal Buffers And Banks' Liquidity Easing External Shocks – Governor, UAE Central Bank
Monitoring and anticipating possible risks, while building on the lessons learned from the financial crisis, remains a priority for the…
UAE Islamic finance continues to outpace conventional banking: Fitch
The UAE's Islamic finance sector has continued to outpace the UAE's conventional banking sector's growth in 2015. The six…
Saudi property company Alandalus to launch IPO
Saudi Arabiaís Alandalus Property Co. will launch an initial public offering in mid-December, the market regulator said in a statement,…
HSBC cuts UAE retail, commercial bank jobs – source
HSBC has cut jobs in its retail and commercial banking units in the United Arab Emirates as the bank prepares…
Deutsche Bank appoints Head of Commodity Trade Finance EMEA
Deutsche Bank’s Global Transaction Banking business has appointed William Calame as Head of Commodity Trade Finance for the Europe, Middle…
National Bank of Abu Dhabi raises $200 mln via 2-year note
National Bank of Abu Dhabi, the largest bank in the United Arab Emirates by assets, has issued a $200 million…
UAE Banks Federation Board sets agenda for 2016
The Board of Directors of the UAE Banks Federation, a professional body representing 49 member banks operating in the UAE,…
Turkey: Mostly Used Islamic Finance Instrument: Murabaha
The term "Islamic finance" refers to the financing system that follows Shariah. Compliance with Shariah is different from the traditional…
Riyadh Edrees elected chief of Meezan Bank's BoDs
The newly appointed Board of Directors of Meezan Bank held their 72nd Board meeting on Thursday November 19th to consider…
Gulf banks rush to loan market on liquidity squeeze – sources
A number of Gulf banks are in the process of raising loan financing for themselves to help counteract a liquidity…