Global recognition for ICD’s strategic initiatives
The Islamic Corporation for the Development of the Private Sector (ICD) has been awarded the accolade of ‘Excellence in Development…
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Abu Dhabi investments fuel banking recovery in Egypt
Investments by Abu Dhabi companies in Egypt are feeding a revival in the country’s corporate banking industry. After years…
IFFI's $500m sukuk priced
The International Finance Facility for Immunisation, for which the World Bank acts as treasury manager, has launched a $500 million…
Investment Bank EFG-Hermes Sees Expansion of Dubai IPOs
EFG-Hermes Holding SAE, the largest independent Arab investment bank, said it’s working on several mandates for initial public offerings in…
Egypt's EALB in Talks with 5 Gulf Firms to Market its Property Assets
Egyptian Arab Land Bank is currently negotiating with the major 5 UAE and Saudi Arabia firms in order to marketing…
Qatar calls for creating Common Islamic Market
Speaking on behalf of all Arab countries, Qatar's Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin…
Kuwait’s US$40bn investment on downstream projects
Kuwait National Petroleum Company plans to spend US$40bn until 2022 on downstream projects including a new refinery and a clean…
GFH planning to increase bank stake
Bahrain's Gulf Finance House plans to increase its stake in Khaleeji Commercial Bank to gain majority ownership, its chairman was…
Bank Leumi Said to Be Near $400 Million US Tax Settlement
Bank Leumi Le Israel (LUMI) BM is close to a $400 million settlement of federal and state investigations into whether…
Kuwait Finance House CEO resigns
Datuk Seri Abdul Hamidy Abdul Hafiz, the chief executive officer (CEO) of Kuwait Finance House (M) Bhd (KFH), has tendered…
Expo will add at least 1.5 percentage points per year to Dubai’s GDP
IMF projects Dubai’s growth to be a healthy 5.6 percent in next six years. The hosting of Expo 2020…
UAE banking system outlook stable: Moody’s
The outlook for the UAE banking system remains stable, unchanged from 2013, Moody’s Investors Service said in its latest report.…