Kuwait's Investment Dar confident about debt-for-assets deal
Kuwait's Investment Dar remains on track to agree the bulk of a 813 million dinar ($2.8 billion) debt restructuring plan…
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Oman's Bank Nizwa aims for 2015 merger with United Finance Co
Omani Islamic lender Bank Nizwa hopes to complete a merger with United Finance Co in 2015 as it aims for…
Qatari banking sector loan book drops 1.4% in January
Pulled down by the public sector, Qatari banking sector’s loan book decreased by 1.4% month-on-month (MoM) in January, QNB Financial…
Oman's BankDhofar working with two advisers for raising its capital
BankDhofar is working with National Bank of Abu Dhabi (NBAD) and Standard Chartered as it studies options for raising its…
Standard Chartered signs deal with Marhaba
Standard Chartered Bank has announced a partnership with Marhaba Bahrain after signing a deal that offers all Standard Chartered Platinum…
ETI Gets $1bn Funding in Six Months
Ecobank Transnational Incorporated, the parent company of the Ecobank Group has raised about $ 1billion in the last six months…
Al Baraka Banking Group plans to issue Sukuk in Jordan
Al Baraka Banking Group’s 66.01 per cent-owned subsidiary Jordan Islamic Bank is the oldest of the four Islamic banks in…
UAE bank bonds dominate Gulf as companies absent
For the first time since 2009, the number of Gulf corporate bond sales this year is zero. Banks have been…
Riyad Bank, MasterCard jointly launch rebranded Riyad Bank debit card
Riyad Bank and MasterCard have partnered together to launch a new range of MasterCard debit cards for the Bank's customers,…
Qatar's ETF to help pace of foreign fund inflow
A flurry of foreign money is expected to propel Qatar Exchange with the launch of its debut Exchange Traded Fund.…
Oasis Capital reports net income of $13.2m
Oasis Capital, a Bahrain-based investment firm, has reported net income of $13.2 million for last year. The company said…
Coface & Oman Insurance enter partnership to offer credit insurance solutions
Coface, global credit insurance leader and Oman Insurance Company, the Dubai-based leading insurance provider in the UAE, have signed a…