Markets looking for leadership, says Emirates NBD investment strategist
The European problem refuses to go away and there is no JP Morgan. Over the last three weeks, two large…
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HSBC fully automates transactions for businesses
HSBC announces that it has launched HSBC Connect for its corporate customers in Kuwait. A highly advanced internet banking proposition,…
UAE Firms May Go On Credit Card Strike
Restaurants and shops may soon refuse to accept premium credit cards in retaliation to a rise in commission fees from…
Investcorp signs $504 mln debt refinancing deal – sources
Bahrain-based investment company Investcorp has signed up to a $504 million-equivalent loan aimed at refinancing debt due in 2013, with…
Bank of Bahrain and Kuwait Conducts Crisis Management Exercise
Bahrain's pioneer in Retail and Commercial Banking, the Bank of Bahrain and Kuwait, conducted its third Crisis Management Simulation Exercise…
UAE banks violating blank cheque regulations
Some UAE banks are flagrantly violating rules that prohibit them from taking blank cheques from customers who apply for personal…
Emirates Islamic Bank offers home finance in Manazil Towers in Sharjah
Emirates Islamic Bank’s package for Manazil Towers features up to 85 per cent finance in variable rate options starting from…
Successful Launch of the Bahrain International 10-year USD Bond Issue
The Central Bank of Bahrain (CBB) announces the successful launch of the latest development bond issuance of the Government of…
Barwa Bank plans sukuk issuance by 2013
Qatar’s Barwa Bank plans to issue a sukuk by 2013 and is eyeing a share listing over the longer term,…
Glencore to meet with Qatari wealth fund as Xstrata merger hangs in balance
In a shock announcement last night, Qatar Holdings, Xstrata’s second-biggest shareholder with 10.4pc, said that, while it saw “merit in…
HSBC launches new product for Kuwait firms
HSBC said it has launched a highly-advanced internet banking proposition, HSBC Connect to automate transactions for the large and mid-…
Kuwait cbank issues new guidelines on banks governance
“Within the effort aimed at keeping up with the latest in international banking supervisory criteria meant to bolster governance criteria…