Abu Dhabi's Al Hilal Bank seeks rating, to issue sukuk in Q3
Abu Dhabi government-owned Al Hilal Bank plans to issue a debut Islamic bond worth $500 million in the third quarter…
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Qatar First Bank new name of Qatar First Investment Bank
After four successful years since establishment Qatar First Investment Bank, Qatar's first independent Shari'ah compliant bank regulated by QFC Regulatory…
UAE bank assets soar Dh129bn
The combined assets of UAE banks surged by more than Dh129 billion through 2012 to maintain the country’s position as…
Terra Venture Partners raises $20m for new fund
Terra Venture Partners has announced the first $20 million closing for its new fund, for which it plans to raise…
Leeds United for sale again as Gulf owners boast about ‘bargain buy’
Bahrain-based Gulf Finance House have given notice on their plans to sell Leeds United just three months after taking over…
Dubai’s DMCC Launches Islamic Commodity Trade Platform
Dubai's government-owned commodities centre is launching a sharia-compliant commodity trading platform which Islamic banks in the Gulf could use to…
Qatar bank to buy majority stake in Turkey’s Alternatifbank
Commercial Bank of Qatar has agreed to buy a 70.8 per cent stake in Turkish lender Alternatifbank, underscoring Gulf Arab lenders’…
Standard Chartered planning expansion from Dubai
Standard Chartered is planning a further regional expansion as the bank seeks to build on growing trade between emerging markets.…
Moody's maintains negative outlook for Bahrain's banking sector
Moody's Investors Service announced that it has maintained its negative outlook for Bahrain's banking system, due to challenging operating environment…
London Stock Exchange eyes IPOs from Gulf in 2013
The London Stock Exchange is expecting to see “a couple” of initial public offerings (IPOs) on the bourse from companies…
Dubai Bank chairman to answer to fraud claims
Dubai Bank chairman Hassan Zubeidi has been granted the chance to answer to allegations of fraud levelled against him by…
HSBC Trims 2013, 2014 Gold Forecasts, Retains Bullish View
HSBC Monday trimmed its outlook on gold prices for this year and next, but reiterated its bullish view on the…