All sectors return to activity in Bahrain says CBB data
Bahrain’s key economic indicators are consistent with the return to activity of all economic sectors in the Kingdom and demonstrate…
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Saudi Central Bank’s net foreign assets fall for third month in a row
Saudi Central Bank’s net foreign assets fell 1.2 percent in February, according to data published on its website. Net foreign…
Barrows Hotel Enterprises starts offering high yield Bond Structures to Institutional Investors
Barrows has started offered Bond structures to Institutional Investors on behalf of contracted developers. Stricter banking regulations and higher…
First Abu Dhabi Bank to buy Egypt’s EFG Hermes
UAE lender First Abu Dhabi Bank has set the wheels in motion for the purchase of a 51 percent stake…
Qatar plans to invest $5 billion in Egypt: Egypt cabinet
Qatar plans to invest $5 billion in Egypt in the coming period, Egypt said, as the North African nation’s economy…
Central Bank of Bahrain issues revised collective investment undertakings regulations
The Central Bank of Bahrain (“CBB”) has conducted a comprehensive review of its Collective Investment Undertakings (“CIU”) regulations governing the…
EU states freeze $130 million worth of Lebanese assets
Authorities in three European countries have frozen more than $130 million in assets linked to an investigation into money laundering…
Muzn Islamic Banking records 24% rise in net profit
Muzn, National Bank of Oman’s Islamic Banking window, has released its financial results for 2021, recording a strong performance with…
Abu Dhabi sovereign fund pausing Russia investments, CEO says
Abu Dhabi's Mubadala Investment Company is pausing investments in Russia, which represent less than 1% of its portfolio, because of…
Sharjah Islamic Bank wins the Dubai Service Excellence Program award
Sharjah Islamic Bank picked up the award for Best Service Performance Brand in the service sector, at the twenty-eighth session…
Al Baraka Bank covers $40.93mln of Palm Hills’ sukuk issuance
Al Baraka Bank Egypt has contributed EGP 750 million to the coverage of the issuance of EGP 3.251 billion sharia-compliant…
CBB treasury bills oversubscribed
This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 127%. The bills, carrying a maturity…