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BNP Paribas Inaugurates New Branch Office At ADGM

Banking - Published date: .

 BNP Paribas has officially opened its branch office in the Abu Dhabi Global Market (ADGM), expanding its existing foo... Read more

SIB Approves Distribution Of Cash Dividends For 2018

Banking - Published date: .

Sharjah Islamic Bank’s Board of Directors has approved a distribution of eight per cent cash dividends for the shareh... Read more

ADNOC Signs $4 Billion Pipeline Network Investment Deal With BlackRock And KKR

Banking - Published date: .

Abu Dhabi National Oil Company (ADNOC) has entered a $4 billion midstream pipeline infrastructure partnership with KKR ... Read more

Three Omani Banks Ratings Lowered Following Sovereign Rating Action

Banking - Published date: .

CI Ratings has lowered Ahli Bank (AB), Bank Muscat and National Bank of Oman’s long-term foreign currency rating (FCR... Read more

Bahrain Bourse Joins United Nations Sustainable Stock Exchanges

Banking - Published date: .

Bahrain Bourse has joined the United Nations Sustainable Stock Exchanges (SSE) initiative to promote sustainable and tr... Read more

Saudi Aramco Plans To Build $10 Billion Refinery With Chinese Partners

Banking - Published date: .

(Bloomberg) --Saudi Aramco has agreed set up a joint venture with two Chinese firms to build a $10 billion refining and... Read more

Saudi Alhokair's Mall Business Unit Malls $1 Billion From IPO

Banking - Published date: .

Saudi Arabia shopping malls operator Arabian Centres Company is expecting to raise $1 billion from a public share lis... Read more

GCC Insurance Markets Outlook Revised To Stable

Banking - Published date: .

AM Best has revised its outlook on the insurance markets of the GCC to stable from negative. In a report, AM Best sta... Read more

Kuwaiti Islamic Banks Show Resilient Asset Quality, Fitch

Banking - Published date: .

Kuwaiti Islamic banks’ asset-quality metrics remain solid but concentration remains their biggest risk, according to ... Read more

Oman Cuts Borrowing Plans As It Turns To Asset Sales

Banking - Published date: .

(Bloomberg) --Oman plans to slash its borrowing requirements for 2019 by as much as 70 per cent and rely on asset sales... Read more

AXA Gulf Appoints Regional Regulatory And Business Affairs Director

Banking - Published date: .

AXA Gulf has appointed Issam Mouslimani as the Regional Regulatory and Business Affairs Director – a newly created ro... Read more

Turk Eximbank Signs $381 Million Syndicated Murabahah Facility

Banking - Published date: .

Turk Eximbank has secured a $381 million Murabahah loan from an international banking consortium under the leadership o... Read more

Saudi Aramco Mulls Investing In India's Reliance Industries

Banking - Published date: .

Saudi Aramco is in talks with India’s Reliance Industries for possible investments and is seeking other opportunities... Read more

Warba Bank Acquires Ahli United Banks Stake In KMEFIC

Banking - Published date: .

Warba Bank has signed a sale and purchase agreement with Ahli United Bank to acquire shares in Kuwait and Middle East F... Read more

Alkhabeer REIT Secures SAR 420 Million From Al-Rajhi Bank

Banking - Published date: .

Saudi-based Alkhabeer Capital said that Alkhabeer REIT has secured SAR 420 million with Al-Rajhi Bank to finance REIT g... Read more