Aviva lists Turkish JV at $747m valuation
Aviva has successfully listed its Turkish joint venture at a value of $747m - the country's biggest initial public offering…
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KAMCO announces its third quarter financial results
KAMCO - KIPCO Asset Management Company today reported itsthird quarter financial results for the period ending30 September 2014. The…
DIB turnaround leaves little room for doubt
When Dubai Islamic Bank , the largest Islamic bank in the UAE by assets reported 111 per cent growth in…
Kuwaiti bank CBK says concerns over buyer cash behind bond cancellation
Commercial Bank of Kuwait said on Monday it cancelled its 120 million dinar ($412.7 million) capital-boosting bond last week over…
Mumtalakat Hires Banks For Potential Dollar Sukuk Issue
Bahraini sovereign fund Mumtalakat (BBB from S&P/Fitch) has hired BNP Paribas, Deutsche Bank, MUFG and StanChart to arrange a series…
A Subsidiary of the Emirates Sovereign Wealth Fund Acquires a 5.1% Stake in Palm Hills Developments
Aabar Investments PJS, headquartered in Abu Dhabi, UAE-has acquired a 5.1% stake in Palm Hills Developments , a company listed…
Eureeca Crowdfunding Platform Hit with SEC Cease & Desist for Solicitation Violations
Eureeca, a Dubai based investment crowdfunding platform, ran afoul of the Securities and Exchange Commission as a Cease and Desist…
‘Smart Wallet’ tops UAE Banks Federation agenda
The Board of Directors of the UAE Banks Federation, a professional body representing 49 member banks operating in the UAE,…
UAE Banks Profit Up 25% In First Nine Months Of 2014
The UAE banks recorded a rise of 25 per cent in profits during the first nine months of 2014, the…
Seychelles Central Bank takes control of beleaguered BMIO bank
Scarcely three weeks after the announcement that relations between the Bank of Muscat International Offshore (BMIO) and its correspondent bank…
Waha Capital 9M 2014 net profit increases to AED 1.6 billion
For the third quarter of 2014, the company recorded a net profit of AED 301.2 million, up from AED 107.1…
Tadhamon International Islamic Bank appoints new CEO at Tadhamon Capital BSC
Tadhamon International Islamic Bank , a Sharia'a-compliant Bank licensed by the Central Bank of Yemen, has announced management changes in…