RAK Hospitality concludes Dh880m debt deal
RAK Hospitality Holding Concludes AED 880 Million Debt Transaction with Mashreq and Arab Bank. Facility will be used for…
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Emaar records robust growth in Q1 2015
• Revenue for the first three months of 2015 is AED 3.013 billion (US$ 820 million), 26% growth over Q1…
Union National Bank wins the International Award "Golden Mercury"
UNB CEO Mr. Mohammed Nasr Abdeen was recently awarded the prestigious International Award - Golden Mercury, from the Europe Business…
Aseel Islamic Finance appoints new CEO
Fatima Qasimi has been appointed as the Chief Executive Officer of Aseel Islamic Finance . Ms. Fatima joins Aseel…
Bahrain real GDP growth reaches 4.5% in 2014
Bahrain's real GDP growth reached 4.5 percent in 2014, according to the latest Bahrain Economic Quarterly issued by the Bahrain…
HSBC's exit from Turkey's retail banking market no easy task
HSBC faces a tough task selling its loss-making retail arm in Turkey, where it has been hamstrung by tough competition…
Saudi Arabia to lead global Islamic banking growth
Saudi Arabia is expected to dominate the asset growth in the Islamic banking industry over the next five years, according…
NBAD Launches WECAfrica & Asia Frontier Market Fund
The National Bank of Abu Dhabi (NBAD) has launched the "West-East Corridor (WEC) Africa & Asia Frontier Market Fund",a foreign…
Sharjah Islamic Bank celebrates listing of AED1.84 billion Sukuk on Nasdaq Dubai
Mohammed Abdulla, Chief Executive Officer of Sharjah Islamic Bank, rang the opening bell to celebrate the listing of an AED1.84…
Bahrain Central Bank Puts Bank, Insurer Into administration
Bahrain’s central bank said it has placed two Iran-linked companies, Future Bank and Iran Insurance Co, into administration to protect…
Jafza posts 17% jump in new companies in 2014
Jebel Ali Free Zone, the flagship Free Zone of Dubai and trade and logistics hub for the wider Middle East…
Mashreq Bank expands in Egyptian retail banking market
As part of the bank’s expansion plans, Mashreq Bank plans to increase staff amongst other initiatives to amplify the bank’s…