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Alliance Housing renamed Al Ahli

Oman's Alliance Housing Bank has formed a strategic tie-up with Bahrain-based Ahli United Bank,... Read full article »
Bahrain: Tuesday, December 04 - 2007 at 12:50

First Gulf signs $825m club loan

UAE-based First Gulf Bank has signed a $825m five-year syndicated club loan with a number of... Read full article »
United Arab Emirates: Tuesday, December 04 - 2007 at 06:53

Chinese banks block Iran trade

Chinese banks have stopped issuing loans to Iranian businesses as US led pressure to cut trade... Read full article »
Iran: Monday, December 03 - 2007 at 16:37

EII buys into Caparol

Emaar Industries and Investments (EII) has acquired a majority stake in Caparol, the Dubai arm of... Read full article »
United Arab Emirates: Monday, December 03 - 2007 at 16:15

New $1bn bank for Bahrain

The Islamic Chamber of Industry and Commerce is to establish the Al Emaar Bank in Bahrain with a... Read full article »
Bahrain: Monday, December 03 - 2007 at 10:13

Qafco confirms expansion project

The Qatar Fertiliser Company (Qafco) has confirmed that it has awarded Italy's Snamprogetti and... Read full article »
Qatar: Monday, December 03 - 2007 at 09:50

Daewoo lands $610m Qatar deal

South Korea's Daewoo Engineering and Construction Company has said it has been handed a 'letter... Read full article »
Qatar: Monday, December 03 - 2007 at 08:42

ING studies banks

ING Wholesale Banking has initiated research coverage of 13 of the region's banks, including the... Read full article »
United Arab Emirates: Monday, December 03 - 2007 at 07:46

Satlub to the KAEC

The Saudi Total Lubricants Company (Satlub), a joint venture between Total and the Al Zahid... Read full article »
Saudi Arabia: Saturday, December 01 - 2007 at 15:23

ADCB sells $544m bonds

The Standard Chartered Bank (StanChart) has arranged the sale of $544m worth of bonds for the Abu... Read full article »
United Arab Emirates: Saturday, December 01 - 2007 at 07:56

ITFC January launch

The International Islamic Trade Finance Corporation (ITFC), a member of the Jeddah based Islamic... Read full article »
Saudi Arabia: Saturday, December 01 - 2007 at 07:25

Portuguese bank to operate in DIFC

Espirito Santo Financial Group, the Portuguese banking group announced that its subsidiary, ES... Read full article »
United Arab Emirates: Thursday, November 29 - 2007 at 14:48

New term for Egypt CB governor

Farouk el-Okdah, governor of the Central bank of Egypt has been appointed to a second four-year... Read full article »
Egypt: Thursday, November 29 - 2007 at 07:00

Bahrain grants licence to HDFC

The Central Bank of Bahrain has granted a licence to India's second largest private sector... Read full article »
Bahrain: Wednesday, November 28 - 2007 at 10:20

CEO of DIB unit quits

Dubai Islamic Bank has announced that Aref A Kooheji, Chief Executive Officer of Millennium... Read full article »
United Arab Emirates: Wednesday, November 28 - 2007 at 08:25
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