Moody's and Fitch assign IBQ investment grade status
International Bank of Qatar has received investment grade credit ratings of "A2" and "A+" assigned by Moody's and Fitch respectively.…
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Libya investment fund seeks management right amid freeze
The head of the Libyan Investment Authority has launched a campaign to try to convince the world - and Libyans…
Saudi British Bank beats forecasts despite 1.71 pct Q2 net profit fall
Saudi British Bank , the kingdom's sixth-largest bank by assets, posted a 1.71 percent drop in its second-quarter net profit,…
QNB profit jumps 10%
QNB yesterday reported a 10% jump in net profit to QR5.6bn in the first six months of this year on…
Goldman Sachs, QNB said to lead Travelex buyout debt refinancing
Goldman Sachs Group and QNB have been hired to raise $1bn to refinance debt that a UAE-based entrepreneur used to…
UAE banks building provisions to fend off possible bad debts
ADIB's cushion against bad debts is slightly over two per cent of its total loan portfolio, higher than the required…
Dubai property market unlikely to see drastic correction – survey
Dubai’s property market is unlikely to see a severe correction similar to the one in 2008, a market intelligence survey…
Dubai property deals taking longer to complete, experts say
With Dubai’s property prices in cool-off mode, prospective buyers are in no hurry to seal the deal in the secondary…
Iraq to tap retail investors in $5 bln domestic bond offer
Iraq’s government plans a domestic issue of $5 billion worth of bonds starting in the fourth quarter of this year…
Saudi is said to be planning sale of local currency bonds
Saudi Arabia, the country with the world’s lowest debt-to-GDP ratio, is evaluating the sale of local currency bonds to bridge…
UAE bank ADIB targets acquisitions in 2016
Abu Dhabi Islamic Bank, which recently failed in its bid for Citigroup’s Egypt retail business, is targeting acquisitions in 2016…
Emirati businessman pledges over $1 billion to educate Arabs
A wealthy Emirati businessman says he is giving away a third of his assets, or more than a billion dollars,…