Commercial Bank of Dubai purchases Dh3bn loan portfolio from UK lender RBS
Commercial Bank of Dubai has announcedit has agreed to acquirea corporate loan portfolio worth approx. AED 3 billion from Royal…
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RBS sells $817m of UAE company loans to Dubai bank
Royal Bank of Scotland has sold around AED3 billion ($816.8 million) of loans belonging to companies in the United Arab…
Former Consul General of Egypt Joins Cedrus Investments
Former Consul General of Egypt in Hong Kong SAR and Macao SAR, Mr. Mohamed Fahmy, is joining Cedrus Investments as…
Israel applies to become founding member of China development bank
The Israeli government has submitted its application to become a founding member of a controversial Chinese-led development bank, in a…
Five CEOs from Bahrain named in top 100 list
Five chief executives of Bahrain's marquee companies, including three banks, have been recognised among Top 100 CEOs ranked by TRENDS…
Salameh: CMA to license online stock trading
The Capital Market Authority will issue licenses for the launch of online stock and currency trading, Central Bank Governor Riad…
Central Bank of Bahrain launches new liquidity tool
As part of ongoing efforts towards the development of Islamic banking and promoting liquidity management for Islamic retail banks, the…
Saudi retail sector remains strong despite oil volatility
NCB Capital , a major wealth manager in the region and the largest asset manager in the Kingdom, has issued…
Moody's affirms Saudi Arabia's Aa3 rating on strong fiscal buffers
Moody's long-term and short-term country ceilings for bonds and for bank deposits for Saudi Arabia are unaffected by this rating…
Gulf banks join regulatory capital party
Middle Eastern banks are taking advantage of cheap borrowing costs to optimise their capital structure even though countries in the…
HSBC Enhances Card Security for Online Transactions
HSBC Bank Middle East Limited successfully implemented 3D Secure Service for MasterCard and Visa cards, enhancing security for customers in…
Japan looks for growth and influence from Islamic finance boom
Japan is the latest global financial hub to start making inroads into Islamic finance, a move that could help strengthen…