All News Under "Banking" RSS ATOM

EIBank Appoints Imad Bou Khouzam As Interim CEO

Banking - Published date: .

Emirates Investment Bank (EIBank) has appointed Imad Bou Khouzam, currently Chief Financial Officer as interim Chief E... Read more

UAE Cabinet Restructures Emirates Development Bank Board

Banking - Published date: .

The UAE Cabinet has restructured the Board of Directors of the Emirates Development Bank (EDB), according to local news... Read more

EIA Boosts Du Holding With $630 Million Stake

Banking - Published date: .

The Emirates Investment Authority (EIA) has acquired a $630 million stake in du from Mamoura Diversified Global Holding... Read more

A3 Ratings Affirmed For Dubai Islamic Bank

Banking - Published date: .

Moody's Investors Service has affirmed its A3 long and short term foreign and local currency issuer ratings of Dubai Is... Read more

SABB And Alawwal Bank Have Merged To Create Saudis Third-largest Lender

Banking - Published date: .

Saudi British Bank (SABB) and Alawwal have merged their businesses after receiving regulatory and shareholder approvals... Read more

NBK Launches Full Metal NFC-enabled Visa Credit Card

Banking - Published date: .

National Bank of Kuwait (NBK) and Visa have launched the first full metal NFC-enabled credit card in Kuwait and will b... Read more

Three Abraaj Executives Charged In US Fraud Investigation

Banking - Published date: .

(Bloomberg) --Three additional former executives of the Abraaj Group were charged in New York in a fraud investigation ... Read more

Saudi Arabia Seeks To Balance Global Crude Markets Before 2020

Banking - Published date: .

(Bloomberg) –The Saudi Energy Minister said that the Kingdom is working to balance global oil markets this year. The ... Read more

Exxon Mobil, SABIC To Start Construction Of Petrochemical Plant In Texas

Banking - Published date: .

ExxonMobil and SABIC have announced that they will proceed with the construction of a chemical facility and a 1.8 milli... Read more

ADNOC, OCI In Talks To Combine Mideast Fertiliser Assets

Banking - Published date: .

(Bloomberg) --Abu Dhabi National Oil Company (ADNOC) and Dutch’s OCI are in advanced talks to combine their Middle Ea... Read more

Moody's Downgrades Turkey, Finance Ministry Challenges Move

Banking - Published date: .

Moody's Investors Service (Moody's) has downgraded the Government of Turkey's long-term issuer ratings to B1 from Ba3 a... Read more

Emirates NBD Partners With SAS To Enhance Customer Services Through AI

Banking - Published date: .

The UAE’s Emirates NBD has partnered with SAS to use data to ensure optimisation and reallocation of resources, autom... Read more

ICD Signs Financing Agreement With Uzbekistans Trustbank

Banking - Published date: .

The Islamic Corporation for the Development of the Private Sector (ICD) has signed a $7 million loan agreement with Tru... Read more

Sharjah Islamic Bank Mulls US Dollar-denominated Sukuk Issuance

Banking - Published date: .

UAE’s Sharjah Islamic Bank (SIB) is expected to issue US dollar-denominated Sukuk by the end of June to boost its Ti... Read more

Saudi Arabia To Supply China With More Oil

Banking - Published date: .

(Bloomberg) –Saudi Arabia is willing, for now, to satisfy Chinese requests for extra crude as supplies are squeezed ... Read more