Oman's Bank Sohar and Bank Dhofar plan due diligence on proposed merger
Oman's Bank Sohar and Bank Dhofar have entered into a non-binding agreement on a proposed merger, the duo said, in…
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Two executives at Qatar-backed Uber arrested in France
French police have detained two executives from Uber for questioning as a government clampdown intensifies on the US-based taxi and…
Firm advises on $525m Barangaroo investment
Minter Ellison has advised one of the world’s largest sovereign wealth funds, Qatar Investment Authority, on its acquisition of a…
Saudi prince pledges $32-B fortune to charity
Saudi Arabia's billionaire Prince Alwaleed bin Talal on Wednesday pledged his entire $32-billion (28.8-billion-euro) fortune to charitable projects over the…
AIIB to play vital role in Asian infrastructure sector: Qatar
The Asian Infrastructure Investment Bank is expected to play a vital role in providing the investment needed to develop the…
UAE personal loans hit Dh1.3 trillion in one year
Personal borrowing in the UAE is again picking up with the amount of loans granted to UAE residents in the…
Germany's first interest-free Islamic bank opens in Frankfurt
Germany has opened its first Islamic bank representing a full range of banking services in accordance with the laws of…
Bank of China marks bond listing on Nasdaq Dubai
Tian Jun, general manager, Bank of China Abu Dhabi Branch, yesterday (July 1) rang the market-opening bell to celebrate the…
Standard Chartered Appoints Meletiou CEO for Iraq Operations
Standard Chartered appointed Andreas Meletiou chief executive officer for its Iraq operations effective yesterday, according to a spokesman for the…
Doha Bank raises QR2bn Tier 1 capital boost bond
Doha Bank, Qatar’s fifth-largest bank by assets, said yesterday it raised QR2bn ($549mn) through a capital-boosting bond, the latest Gulf…
Saudi-based APICORP picks 4 banks for international sukuk issue
Saudi Arabia-based Arab Petroleum Investments Corp (APICORP) has mandated four banks for a debut international sukuk issue this year, according…
Arab-U.S. bank relations suffer despite good governance
Some Arab banks are facing difficulties in dealing with U.S. banks despite having fulfilled all international requirements on supervision and…