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Gulf Finance to sell stake in Khaleeji

Esam Janahi, chairman of Bahrain-based Gulf Finance House, has said the firm expects to sell its... Read full article »
Bahrain: Tuesday, March 30 - 2010 at 09:19

Arab Bank to pay cash dividend

The board of directors of Jordan-headquartered Arab Bank has approved the distribution of 200... Read full article »
Jordan: Monday, March 29 - 2010 at 09:23

National Bank of Kuwait gets OK to raise Boubyan stake

The Central Bank of Kuwait has given its approval to the National Bank of Kuwait to increase its... Read full article »
Kuwait: Monday, March 29 - 2010 at 09:11

Qatar Islamic inks French bank MoU

Qatar Islamic Bank has announced the signing of a memorandum of understanding with Banque... Read full article »
Qatar: Sunday, March 28 - 2010 at 10:56

UAE banking assets total $414bn

A recent report by research firm Prime Holdings has said that the banking sector in the UAE still... Read full article »
United Arab Emirates: Sunday, March 28 - 2010 at 10:53

GIB plans SR3bn bond issue

Saudi-owned Gulf International Bank (GIB) plans a SR3bn ($800m) bond issue in April to fund its... Read full article »
Saudi Arabia: Sunday, March 28 - 2010 at 10:35

Noor Islamic Bank inks escrow services with Rera

UAE-based Noor Islamic Bank has signed an agreement with Dubai's Real Estate Regulatory Agency (... Read full article »
United Arab Emirates: Saturday, March 27 - 2010 at 13:47

Egypt's NBD to offer $45m rights issue in April

Egypt's National Bank for Development (NBD) is launching its $45.45m rights issue in April,... Read full article »
Egypt: Saturday, March 27 - 2010 at 09:39

Banque Saudi Fransi raises $650m in EMTN

Banque Saudi Fransi has announced it has raised $650m (Dhs2.38bn) in a euro medium-term note (... Read full article »
Saudi Arabia: Thursday, March 25 - 2010 at 11:11

NBAD ETF fund to begin trading on ADX

The National Bank of Abu Dhabi's (NBAD) exchange-traded fund will begin trading on the Abu Dhabi... Read full article »
United Arab Emirates: Thursday, March 25 - 2010 at 11:08

Mashreqbank to freeze salaries, says report

Employees of UAE-based Mashreqbank will not receive any bonuses or salary increases in 2010,... Read full article »
United Arab Emirates: Wednesday, March 24 - 2010 at 09:20

Kuwait issues treasury bonds worth $346m

Kuwait's central bank said yesterday it issued 100 million dinars ($346m) of one-year treasury... Read full article »
Kuwait: Tuesday, March 23 - 2010 at 10:21

Saudi bank to expand into Jordan

Saudi-based Al-Rajhi Bank has received approval from Jordanian authorities to start banking... Read full article »
Jordan: Tuesday, March 23 - 2010 at 09:56

Bahrain's Venture Capital posts $11m profit in '09

Bahrain-based Venture Capital Bank has posted $11m in net profit for 2009, while total income... Read full article »
Bahrain: Tuesday, March 23 - 2010 at 09:54

Standard Chartered names new CEO for Middle East

London-based Standard Chartered has appointed V. Shankar as chief executive officer for the... Read full article »
Middle East: Monday, March 22 - 2010 at 09:57