Saudi Hollandi to issue 1.4 bln riyal sukuk
Saudi Hollandi Bank plans to issue a 1.4 billion riyal ($373 million) private placement sukuk, or Islamic bond, it said…
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UAB launches new rewards programme
United Arab Bank (UAB), has launched a new rewards programme FlyWards for its customers. For a lower credit…
Private equity firm buys 6.6% of Jordan Dubai Islamic Bank
Jordan-based private equity firm Foursan Group has acquired a 6.6 per cent stake in Jordan Dubai Islamic Bank, making it…
Did Citigroup defraud billions from Abu Dhabi?
Wikileaks, the U.S. Embassy in Abu Dhabi sent a communication to the U.S. Secretary of State and U.S. Treasury on…
First Gulf Bank’s head of investment banking leaves
Ray Maurer, head of investment banking at First Gulf Bank (FGB), has left the Abu Dhabi-based lender after a short…
Nomura hires Cottle as EMEA fixed income chief
Latest in series of fixed income moves at Nomura as Cottle joins to head up European fixed income; new…
MidEast investors 'close to exit' on Leeds deal
Middle East investors are reportedly prepared to walk away from a deal to buy English football club Leeds United unless…
Hundreds swindled in Dubai property scam
Hundreds of Dubai residents are facing eviction after falling victim to a huge property scam in the emirate. …
Bankers top UAE salary scale – study
Despite media and political concerns in the US and Europe over bankers’ bonuses and salaries, the sector continues to dominate…
Noor Islamic Bank looks East
Dubai-based Noor Islamic Bank is turning to the East, as it seeks to expand its international footprint beyond the Middle…
SunGard identifies ten asset management trends affecting the fund management industry
Martin Boyd, president of SunGard’s asset management business said, “The lines between institutional asset managers and alternative investors are…
Qatar National Bank benefitting from Arab uprisings, expanding Middle East operations
Qatar National Bank is taking advantage of European banks’ downsizing by extending its Middle East reach through acquisitions, a…