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Saudi Telecom Issues $1.25 Billion Debut Sukuk

Banking - Published date: .

Saudi Telecom Company has issued $1.25 billion in international Sukuk. HSBC, JPMorgan, Standard Chartered as well as ... Read more

BlackRock And HSBC Launch Saudi Investment Funds

Banking - Published date: .

BlackRock and HSBC Global Asset Management have each launched exchange-traded funds in the past month that will track t... Read more

SWIFT Launches Integrated Payments Toolkit

Banking - Published date: .

SWIFT has launched an in-flight payment investigation and resolution service that is available in the cloud, in a signi... Read more

Noor Bank And Mastercard Launch SMEs Debit Card

Banking - Published date: .

Noor Bank has launched an SME World debit card in collaboration with Mastercard. Mufazzal Kajiji, the Head of Retail Ba... Read more

Abraaj Investor Hamilton Lane Among Several Warned About Fund

Banking - Published date: .

(Bloomberg) --Five months before the events that led to the collapse of Abraaj Group, the biggest in private equity his... Read more

A+ Ratings Affirmed For ADCB Following Merger With UNB And Al Hilal Bank

Banking - Published date: .

Fitch Ratings has affirmed its A+ long-term issuer default rating (IDR) on ADCB Group with a stable outlook, following ... Read more

Hyflux In Talks With UAEs Utico For SGD 400 Million Funds

Banking - Published date: .

(Bloomberg) --Singapore’s Hyflux, the water and power company battling for survival, said that it is in talks with UA... Read more

FAB Inaugurates First Branch In Saudi Arabia

Banking - Published date: .

First Abu Dhabi Bank (FAB) has inaugurated its first Saudi Arabia branch in Riyadh. HH Sheikh Tahnoun bin Zayed Al Nahy... Read more

UAEs SCA Forms Forensic Audit Committee On Drake And Scull

Banking - Published date: .

The UAE’s Securities and Commodities Authority (SCA) has formed a forensic audit committee to investigate Drake and ... Read more

SoftBank Mulls IPO For $100 Billion Saudi-backed Vision Fund

Banking - Published date: .

(Bloomberg) --Executives at SoftBank Group are weighing the idea of an initial public offering (IPO) for its Vision Fun... Read more

Former Abraaj CEO Granted $20 Million Bail By London Court

Banking - Published date: .

(Bloomberg) --Arif Naqvi, the founder of buyout fund Abraaj Group, was granted conditional bail of GBP 15 million ($20 ... Read more

Saudi Arabia Plans To Issue $3 - $5 Billion International Sukuk In Q3 2019

Banking - Published date: .

The Head of Saudi Arabia’s Debt Management Office (DMO) said that the Kingdom plans to issue between $3 and $5 billi... Read more

UAB Records AED 22 Million Increase In Q1 2019 Net Profit

Banking - Published date: .

United Arab Bank (UAB) has recorded AED 22 million net profits in Q1 2019 compared to AED 36 million the same period la... Read more

NBF Posts 15 Per Cent Increase In Q1 2019 Net Profit

Banking - Published date: .

The National Bank of Fujairah (NBF) has recorded a AED 167.6 million year-on-year growth in net profit, a 15 per cent i... Read more

Dubais Tristar Appoints BofA And Citi For IPO

Banking - Published date: .

(Bloomberg) –Dubai-based Tristar Group has appointed Bank of America Corporation (BofA) and Citigroup as advisers on ... Read more