All News Under "Banking" RSS ATOM

ECI, Emirates NBD Partner To Boost UAE Businesses

Banking - Published date: .

Etihad Credit Insurance (ECI) has signed an MoU with Emirates NBD’s Corporate Banking division to provide export in... Read more

Noor Bank Raises AED 500 Million For Azimuts Fixed Maturity Fund

Banking - Published date: .

Noor Bank has partnered with Azimut to launch US-dollar Islamic fixed maturity plan (FMP) in the UAE under a Dubai Inte... Read more

Erdogan Dismisses Central Bank Governor, Replaces Him With His Deputy

Banking - Published date: .

Turkish President Recep Tayyip Erdogan has unexpectedly removed Murat Cetinkaya as central bank governor, reported Bloo... Read more

Saudi-based Kingdom Holding Hires New Head Of International Investments

Banking - Published date: .

Prince Alwaleed bin Talal’s Kingdom Holding has hired Deutsche Bank’s Chief Executive Officer in Saudi Arabia as He... Read more

UAEs Etihad Rail Seeks Around $3 Billion In Financing

Banking - Published date: .

Etihad Rail is seeking a financial adviser to raise as much as $3 billion to build the second stage of a rail network i... Read more

Dubai's Limitless Seeks To Delay Debt Repayments For Third Time

Banking - Published date: .

Dubai-based developer, Limitless, has asked banks to delay debt repayments for the third time as the ongoing slump in p... Read more

Egypt Slashes Fuel Subsidies To Ease Pressure On State Finances

Banking - Published date: .

The Egyptian government has slashed fuel subsidies as part of an economic overhaul backed by the International Monetary... Read more

Saudi Arabia And Kuwait Make Breakthrough In Neutral Zone Oil Talks

Banking - Published date: .

Saudi Arabia and Kuwait are close to commencing oil production from the neutral zone shared by the neighbouring nations... Read more

Infosys Finacle Leads Digital Banking Engagement Platforms

Banking - Published date: .

The Forrester Wave’s Digital Banking Engagement Platforms Q3 2019 report said that Infosys Finacle leads in digital b... Read more

Actis Set To Acquire Abraaj Groups Abraaj Private Equity Fund IV

Banking - Published date: .

Actis has received investor approval to take over two funds which were being managed by Abraaj Group, clearing a major ... Read more

UAEs Al Jaber Agrees To Second Restructuring Of $1.5 Billion

Banking - Published date: .

Abu Dhabi-based Al Jaber Group has agreed with banks to restructure $1.5 billion of debt for a second time after sluggi... Read more

IMF Warns Against Lebanons $7.3 Billion Plan To Cut Debt Costs

Banking - Published date: .

The IMF has said that Lebanon’s central bank risks undermining its credibility if it agrees to a government proposal ... Read more

Abu Dhabi Commercial Bank To Cut Around 2,000 Jobs After Merger

Banking - Published date: .

Abu Dhabi Commercial Bank (ADCB), which completed a three-way merger earlier this year, may cut about 2,000 jobs as the... Read more

Riyad Bank Approves Restructuring Al Kathiri Holdings Islamic Facility

Banking - Published date: .

Riyad Bank has approved the restructuring of Al Kathiri Holding Company’s Shari’ah-compliant credit facility agreem... Read more

DAE Signs New $440 Million Unsecured Revolving Credit Facility

Banking - Published date: .

Dubai Aerospace Enterprise (DAE) has signed a new long-term unsecured revolving credit facility with First Abu Dhabi Ba... Read more