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ADIB And Al Baraka Banking Group Sign MoU To Expand Network

Banking - Published date: .

ADIB has signed an MoU with Bahrain’s Al Baraka Banking Group for a correspondent banking arrangement that provides c... Read more

A3 Ratings Affirmed For Sharjah, Outlook Negative

Banking - Published date: .

Moody's has affirmed its A3 long-term issuer ratings of Sharjah, changing the outlook to negative from stable. The emir... Read more

Bankers Question Whether Saudi Aramco IPO Deal Is Worth The Effort

Banking - Published date: .

Some banks, which worked on the Saudi Aramco deal for more than two years before the oil giant put it on hold, are havi... Read more

StanChart Whistle-blower Says US Missed Billions In Trade

Banking - Published date: .

Standard Chartered’s transactions with Iran were worth tens of billions of dollars more than previously known, a whis... Read more

Emirates Islamics H1 2019 Net Income Up 39 Per Cent

Banking - Published date: .

Emirates Islamic Bank, the Shari’ah compliant arm of Emirates NBD Group, has reported a net profit of AED 673 million... Read more

IMF Lauds Saudi Arabias Fiscal Reforms

Banking - Published date: .

The International Monetary Fund (IMF) has encouraged the Saudi authorities to build on their fiscal reforms, including ... Read more

DP World Lists $1.3 Billion Sukuk And Bond On Nasdaq Dubai

Banking - Published date: .

The UAE’s DP World has listed its $1 billion Sukuk and a $300 million conventional bond on Nasdaq Dubai. In a stateme... Read more

DMCC Partners With DED To Introduce Dual Licencing Scheme

Banking - Published date: .

DMCC has signed an MoU with the Department of Economic Development (DED) to collaborate on the licencing of companies i... Read more

First Abu Dhabi Banks Q2 2019 Net Profit Up Five Per Cent

Banking - Published date: .

First Abu Dhabi Bank (FAB) has recorded a net profit of AED 3.2 billion in Q2 2019, a five per cent increase boosted by... Read more

FAB Proposes Removing Foreign Ownership Cap

Banking - Published date: .

First Abu Dhabi Bank’s (FAB) Board of Directors has proposed removing a limit on the foreign ownership limit in its s... Read more

DIB Records A 13 Per Cent Increase In Net Profit In H1 2019

Banking - Published date: .

Dubai Islamic Bank (DIB) has reported a net profit of AED 2.75 billion in H1 2019, a 13 per cent increase compared to ... Read more

Bank Dhofar Partners With Indias ICICI Bank

Banking - Published date: .

Bank Dhofar has signed an MoU with India’s ICICI Bank to facilitate instant remittances to India which now takes up t... Read more

Emirates NBD Posts 49 Per Cent Increase In Net Profit In H1 2019

Banking - Published date: .

Dubai-based Emirates NBD has posted a 49 per cent surge in H1 2019 net profit, owing to the lender’s gains from the s... Read more

Lebanese Delegation Requested Saudi Aid, Says Former Premier

Banking - Published date: .

A delegation of three former Lebanese premiers asked Saudi Arabia for financial assistance to help shore up their count... Read more

Shell Oman, Bank Muscat Partner To Offer Contactless Card Payments

Banking - Published date: .

Shell Oman has partnered with Bank Muscat to provide contactless card payments in the Sultanate. The bank seekss to sta... Read more