ADIB arranges Dh1.55 billion financing for Zakher Marine
Abu Dhabi Islamic Bank (ADIB) has signed an agreement with Zakher Marine International Inc. to arrange a $420 million (Dh1.55…
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HSBC to refund UAE, Bahrain, Oman customers for excessive fees
HSBC will refund customers across five countries in the Middle East and North Africa for charging them excessive foreign currency…
Ajman Bank adopts SmartStream’s Corona
Ajman Bank adopts SmartStream’s Corona. Headquartered in the UAE Emirate of Ajman, the bank is a leading provider of…
ICD to raise up to $1.2 bln in Islamic financing -CEO
The private sector arm of the Jeddah-based Islamic Development Bank plans to tap Islamic capital markets to raise as much…
Qatar, Abu Dhabi and Dubai: New centre of the sporting world?
Where once, sport looked west for investment and inspiration, now it looks east. The oil-rich billionaires of the Gulf…
Finance: Egypt's small borrowers have big potential
A new law permitting non-bank for-profit lending institutions may unleash a revolution in microfinance by allowing more actors and innovators…
Growth in EM hedge fund investment slows
The latest HFR emerging markets hedge fund industry report reveals that hedge fund capital invested in emerging markets posted only…
NBK awarded by VISA
Al Khader said, “NBK is committed to providing its customers with the best banking products and services by building on…
Kuwait's appeals court cuts insider trading fine against Al Ahli Bank chairman
Kuwait's Court of Appeal has reduced a fine against the chairman of Al Ahli Bank on alleged insider trading charges…
Investors respond positively to sukuk bond in Dubai, Abu Dhabi
Investors conferences on sukuk bonds were held on Monday with the inaugural conference held in Abu Dhabi in the morning…
UAE banks close to resolving credit bureau liability issue
Authorities see the recently-opened Al Etihad Credit Bureau as a safeguard against a repeat of the credit bubble that undermined…
NBAD to hire 400 employees worldwide
The National Bank of Abu Dhabi (NBAD) is set to hire 400 people in its wholesale division across the world…