Guidance set on $533m GIB note
Bahraini lender Gulf International Bank has set guidance of 72.5 basis points over the three-month Saudi interbank lending rate on…
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ABK Appoints Ex-Head Of Gulf Bank As CEO
Michel Accad has been appointed chief executive of Kuwait’s Al Ahli Bank a stock market statement said on Thursday, the…
Mitsui and sovereign wealth funds of Qatar, Abu Dhabi and Oman keen to buy stake in Petronet
Japan's Mitsui and cash-rich sovereign wealth funds of Qatar, Abu Dhabi and Oman are keen to buy Asian Development Bank's…
UAE strengthens enforcement against money laundering
The UAE has taken steps to clear up concerns about money laundering in the region with new rules clamping down…
Summer of discontent for UAE bankers disappointed by bonuses
Bonuses were a source of sadness and frustration for almost half of Middle Eastern finance employees last year, a survey…
Abu Dhabi's Senaat shelves IPO plans
Abu Dhabi government-owned General Holding Corporation has shelved plans for a stock market debut, four sources aware of the matter…
Bank Muscat's Islamic unit plans $300 mln dual-currency sukuk issue
The issue, which could carry tenors of between three and five years, would be part of a 500 million rial…
DIFC makeover to attract more asset managers
The Dubai International Financial Centre (DIFC) is encouraging more asset management firms to domicile funds there. While the DIFC…
The ILS Group's commitment to Middle East continues
The ILS Group is seconding a member of its Isle of Man business development team to its Dubai office for…
Dubai's DIB in talks for 40% stake in Indonesian lender
Dubai Islamic Bank, the largest sharia-compliant lender in the emirate, is in talks with a publicly-listed Islamic bank in Indonesia…
Oman, Spain sign agreements
MoUs cover defence, tourism, archives and double taxation — MUSCAT — Oman and the Kingdom of Spain signed a memorandum…
Ex-Mizrahi Banker Said to Be Indicted in U.S. Tax Fraud Case
Former Mizrahi Tefahot Bank Ltd. senior vice president Shokrollah Baravarian was indicted for helping U.S. customers conceal their assets from…