Falling reserves and inflows have led to a shortage of foreign exchange in Lebanon, disrupting the financial system
It raises Dar Al-Arkan’s total sukuk value listed on Nasdaq Dubai to $2bn
Saudi Arabia accounted for 54 per cent of the UAE’s total banking investment
Enness’ DIFC office was fined for carrying out activities outside the scope of its licence
Egypt’s second-largest state-owned lender will use the debt to finance small-and-medium-size enterprises, among other purposes
The launch will enable Chinese tourists to transact seamlessly with Network International’s merchant network in the UAE via their WeChat mobile wallet
Saudi British Bank, which is 29 per cent owned by HSBC, completed the acquisition of Alawwal Bank last year to create the kingdom’s third-largest lender
Of Saudi Arabia’s 33 insurance companies, 10 made a loss last year, with the bulk of profits being earned by two companies — Bupa Arabia and Tawuniya
Abu Dhabi Islamic Bank is seeking to save about Dhs500m by cutting jobs and closing branches
The highest ranking entries from the world of finance in Gulf Business’ annual Arab power list 2020
The ‘KYC Blockchain Consortium’ will facilitate faster and more secure exchange of digital customer data and documents through the blockchain technology
Egypt’s programme to offer stakes in state-run firms is part of a broader plan to revive the economy
Starting on Monday, February 17, Middle East Airlines will only accept foreign currency payments
The bank’s total income amounted to Dhs13.68bn in 2019, up 17 per cent from Dhs11.73bn in 2018
The bank’s group net revenues for 2019 grew 2.5 per cent to Dhs5.91bn compared to Dhs5.769bn in 2018
The bank offered a three-year £450m ($583m) note at a yield premium of 98 basis points over UK gilts
Abu Dhabi Islamic Bank is reportedly planning to close local and international branches
The PIF has invested in companies such as Tesla Inc. and Uber Technologies Inc.
The new coronavirus is hurting economic expansion as airlines cancel flights and factories look elsewhere for components they would have bought from China
Former Prime Minister Saad Hariri requested the World Bank and IMF for assistance to address the country’s financial woes
The lender will focus on corporate financing, treasury and capital markets and trade finance
Former CEO Khaled Sifri, who joined the bank in 2008, resigned from his role in May 2019
NMC shares have fallen more than 70 per cent since the Muddy Waters report came to light
Ian Jakovljevic will join Saudi Arabia’s STV as chief development officer next month
At least nine banks from the UAE have reportedly initiated legal action against defaulters in India to recover around $6.9bn
The UAE-based bank dismissed hundreds of employees in recent weeks across several divisions
Carla DiBello, an entrepreneur friend of the reality television star, is advising PIF on the proposed acquisition of the soccer team
Jadwa owns a 42 per cent stake in Abu Dhabi-based United Eastern Medical Services LLC
The Bahraini investment firm posted net income worth $48m for H1 FY20, slipping 17 per cent compared to $58m for H1 FY19