All News Under "Banking" RSS ATOM

KIA Restructures Its Portfolio On Signs Of Global Economic Weakness

Banking - Published date: .

The Kuwait Investment Authority (KIA) began increasing its exposure to bonds and cash two years ago to boost liquidity ... Read more

Kuwaits PIFSS Approves KFH And Bahrain Ahli United Bank Merger

Banking - Published date: .

Kuwait’s Public Institute for Social Security (PIFSS) has initially approved the merger of Kuwait Finance House (KFH)... Read more

DEWA Awards AED 1.4 Billion Hatta Power Project To Strabag Dubai Consortium

Banking - Published date: .

Dubai Electricity and Water Authority (DEWA) has awarded the Strabag Dubai, Strabag as well as Andritz Hydro and Ozkar ... Read more

SoftBank To Lend Employees Up To $20 Billion For Its Second Vision Fund

Banking - Published date: .

Saudi Arabia-backed SoftBank Group plan to lend as much as $20 billion to its employees to buy stakes in its second ven... Read more

The UAE To Play A Lead Role In Investing In Zimbabwe

Banking - Published date: .

The UAE Ambassador to Zimbabwe, Mahash Saeed Salem Mahash Al Hameli, said that his country will play a leading role in ... Read more

Network International Reports A 5.1 Per Cent Increase In H1 2019

Banking - Published date: .

Network International, which listed on the London Stock Exchange in April, has reported net income of $43.8 million in ... Read more

Dubai Issues Around 15,000 New Business Licences In H1 2019

Banking - Published date: .

The Department of Economic Development’s (DED) Business Registration and licencing (BRL) sector issued 14,737 new lic... Read more

Turkish Military Pension Fund In Talks To Acquire British Steel

Banking - Published date: .

Oyak Group, the manager of Turkey’s military pensions fund has entered exclusive talks to acquire British Steel, the ... Read more

Turkeys Ziraat Bank Halts Business With Venezuela Amid US Sanctions

Banking - Published date: .

Ziraat Bank, Turkey’s largest bank by assets, has stopped offering services to Venezuela’s Central Bank in wake of ... Read more

Turkey Plugs Bleeding Budget With Large Central Bank Transfer

Banking - Published date: .

The Turkish government plugged its deteriorating finances in July with an outsized cash infusion from the central bank,... Read more

Oman Issues $3 Billion International Bonds

Banking - Published date: .

Oman raised $3 billion with its first foray in the international debt markets this year after receiving strong demand f... Read more

Central Bank Of Jordan Rate Cuts Positive For Banks' Asset Quality

Banking - Published date: .

Moody’s said that it expects the Central Bank of Jordan (CBJ) to further lower the main interest rate in the next 12-... Read more

GCC Countries Fiscal Reform Progress To Remain Slow And Uneven

Banking - Published date: .

Moody’s said that although policy measures have slowed fiscal deterioration linked to lower oil prices in the GCC, mo... Read more

Bank Of Sharjah Plans US-dollar Denominated Bond Sale To Repay Debt

Banking - Published date: .

Bank of Sharjah plans to issue US dollar-denominated bonds later this year to help the UAE lender repay existing debt, ... Read more

Turkey Central Bank Removes Chief Economist

Banking - Published date: .

Türkiye Cumhuriyet Merkez Bankası (TCMB) has made the biggest overhaul to its senior management in recent years, a mo... Read more