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EToro Launches Islamic Accounts For Online Financial Trading

Banking - Published date: .

eToro has launched Islamic accounts for online financial trading on its 24-hour online trading platform. The company st... Read more

UAE's Majid Al Futtaim Set To Raise $600 Million In Green Sukuk

Banking - Published date: .

UAE-based Majid Al Futtaim (MAF) is set to raise $600 million in green Sukuk, reported Reuters. The price guidance for ... Read more

Turkish Central Bank Temporarily Tightens Policy To Bolster Lira

Banking - Published date: .

(Bloomberg) --Turkey’s central bank has stepped in to tighten the supply of liras last week by raising borrowing cost... Read more

Jordan's Challenging Operating Environment Constrains Banks' Ratings

Banking - Published date: .

Fitch Ratings said that the operating environment in Jordan is stabilising but remains challenging for banks. The ratin... Read more

Al Hilal Bank Inaugurates Paperless Account Opening App

Banking - Published date: .

Al Hilal Bank (AHB) has launched its paperless account opening app called Ahlan, enabling new customers to open an acco... Read more

Australia's Macquarie Capital Downsizes In The Gulf Operations

Banking - Published date: .

Australia’s Macquarie is scaling back in the Middle East by downsizing its operations in the UAE and is giving up an ... Read more

Arabian Centres To Raise SAR 2.8 Billion After Pricing IPO At Bottom Of Range

Banking - Published date: .

Saudi-based Fawaz Alhokair Group’s Arabian Centres is set to raise as much as SAR 2.8 billion ($747 million) after pr... Read more

APICORP Signs $75 Million Murabahah Financing Facility With Alfanar

Banking - Published date: .

The Arab Petroleum Investments Corporation (APICORP) has signed a five year $75 million Murabahah financing facility wi... Read more

Bahrain To Receive $2.3 Billion From Gulf Allies In 2019

Banking - Published date: .

(Bloomberg) --Bahrain said it will receive about $2.3 billion this year from a five-year support package provided by it... Read more

CBK Rejects Warba Bank Merger With KMEFIC

Banking - Published date: .

Kuwait’s Warba Bank said that the Central Bank of Kuwait (CBK) has rejected its proposed acquisition of a controllin... Read more

Bahrain Mulls First Bond Issuance Since $10 Billion Lifeline

Banking - Published date: .

(Bloomberg) --Bahrain is planning to return to international bond markets this year for the first time since the Kingdo... Read more

Abu Dhabi Launches AED 535 Million Venture Capital, Start-up Fund

Banking - Published date: .

The Abu Dhabi Investment Office (ADIO) has launched the AED535 million Ghadan Ventures Fund to grow Abu Dhabi’s vent... Read more

TAQA Plans To Acquire Two North American Oilfield Services Companies

Banking - Published date: .

Saudi Arabia’s Industrialisation and Energy Services Company (TAQA) plans to acquire two companies in the North Ameri... Read more

Abraajs Naqvi Fails To Pay $20 Million Bail, Remains In Jail

Banking - Published date: .

(Bloomberg) --Arif Naqvi, the Abraaj Group founder caught up in a US fraud probe, is still being held in UK jail days a... Read more

EIBFS, Al Etihad Credit Bureau Partner To Boost Financial Literacy In UAE

Banking - Published date: .

The Emirates Institute for Banking and Financial Studies (EIBFS) has signed an MoU with Al Etihad Credit Bureau (AECB) ... Read more