All News Under "Banking" RSS ATOM

India Targets Saudi Investment In Building Strategic Oil Reserve

Banking - Published date: .

(Bloomberg) --India is seeking investment from Saudi Arabia to build emergency crude reserves that will act as a buffer... Read more

Saad Groups Debt Saga To Be Solved Under New Bankruptcy Law

Banking - Published date: .

A Saudi court has approved an application by Saad Group to have their case resolved through Saudi Arabia's new bankrupt... Read more

SWIFT Launches DLT E-voting Proof-of-concept

Banking - Published date: .

SWIFT has announced that it has a PoC on e-voting, using distributed ledger technology (DLT) to provide more efficient ... Read more

UAE To Continue Oil Output Adjustments Until Market Rebalances

Banking - Published date: .

(Bloomberg) --The UAE’s Minister of Energy and Industry has said that the Emirates will continue to adjust its oil pr... Read more

Alkhabeer Private Equity Acquires Three Schools In KSA And The UAE

Banking - Published date: .

Saudi-based Alkhabeer Private Equity has acquired 100 per cent equity stakes in Dubai-based Capital School and Khobar-b... Read more

Bank Of Beirut Partners With Omans SEZAD

Banking - Published date: .

Oman’s SEZAD has collaborated with Bank of Beirut in Oman to provide banking options and facilities to the investors ... Read more

DIFC Requests Companies To Align Their Articles With The New DIFC Regime

Banking - Published date: .

The Dubai International Financial Centre (DIFC) is calling upon has imposed an obligation upon DIFC companies to comply... Read more

ECI And RAKBANK Partner To Support SMEs Expansion

Banking - Published date: .

UAE’s Etihad Credit Insurance (ECI) has partnered with the National Bank of Ras Al Khaimah (RAKBANK) to assist local ... Read more

Saudi-backed Blackstone Infrastructure Seeks Minority Stake In Carrix

Banking - Published date: .

(Bloomberg) --Blackstone Infrastructure Partners is in talks to buy a minority stake in Carrix, the operator of ports a... Read more

Moodys Warns Of Geopolitical Risks In The GCC Region

Banking - Published date: .

Moody’s has affirmed its Aa2 issuer rating of the UAE, which is supported by the full backing of the Government of Ab... Read more

Pakistan Expects $2 Billion UAE Loan Soon

Banking - Published date: .

(Bloomberg) --Pakistan will soon get a $2 billion loan from the UAE as part of a package that will help boost its dwind... Read more

DIB Shareholders Approve $5 Billion Sukuk Issuance Programme

Banking - Published date: .

Dubai Islamic Bank shareholders have approved the Board of Directors to set up a $5 billion (AED 18.4 billion) Sukuk pr... Read more

Bahrains Economy On Track, Says IMF

Banking - Published date: .

The International Monetary Fund (IMF) has commended Bahrain’s sustained structural reforms, which are expected to sup... Read more

EIBFS Partners With PwCs Middle East To Offer Professional Certificates

Banking - Published date: .

The UAE’s Emirates Institute for Banking and Financial Studies (EIBFS) has collaborated with PwC’s Academy Middle E... Read more

Investcorps BBB Ratings Affirmed With A Stable Outlook

Banking - Published date: .

CI Ratings has affirmed Investcorp’s financial strength rating (FSR)at BBB, with a stable outlook. In a statement, th... Read more