Abu Dhabi's ADCB Quarterly Profit Drops 11% On Cost Of Funds
Abu Dhabi Commercial Bank combined with local rivals Union National Bank and Al Hilal Bank to create the Gulf region's f... Read more
DIFC Bucks Global Trend With Double-digit Growth In Companies
Malaysia's Maybank Islamic Berhad, Cantor Fitzgerald and Australia's Atlas Wealth Management were among the financial fi... Read more
Dubai's DSA Investments May Join Bid For Mines Once Owned By Guptas, Glencore
The venture would be between Orchid Mining, a unit of DSA, and Nehawu Investment Holdings Read more
UAE Islamic Banks See Slower Financial Growth
Fitch Ratings predicts asset-quality metrics for Islamic banks in the UAE will remain under pressure for 2019 Read more
KIPCO Raises Over $312 Million From Rights Issue
Issue saw a 17 percent oversubscription for 452,748,662 ordinary shares Read more
Saudi's Qiddiya In Talks With Investors To Fund Entertainment, Sports City
CEO Michael Reininger says Qiddiya is looking at joint ventures, land leasing and privatisation to fund the project Read more
Revealed: How Healthy Is The UAE's Banking Sector?
New research says UAE banks are generating healthy earnings despite tougher economic conditions in Q1 Read more
Zain KSA Agrees $600m Murabaha Facility
Deal to refinance existing $600 million facility with Commercial and Industrial Bank China Read more
UAE Banking Giant Quits Qatar Amid Regulatory Dispute
First Abu Dhabi Bank has notified the Qatar Financial Centre Regulatory Authority that it will relinquish its Qatar Fina... Read more
Ex-UBS Banker Said To Lead Bid For Abraaj Funds
Sources say boutique investment firm founded byYassine Bouhara is bidding to buy funds managed by the collapsed Abraaj G... Read more
DIFC-based Finance Firm Has Licence Suspended By Regulator
Dubai Financial Services Authority stops Rasan Capital Limited from operating for 12 months Read more
UAE Social Media Payments App Zbooni Secures New Funding
Zbooni says funding has been committed by Chalhoub Group and B&Y Venture Partners Read more
Saudi Banking Sector Shows Strong Growth
Latest KPMG report reveals increase in net profit and total assets Read more
Moody's Warns Of 'funding Squeeze' In Oman
Ratings agency says the risk of a slow and progressive erosion in government deposits is on the rise Read more
Dubai's GuestReady Seeks Growth After Securing New Funding
GuestReady Group, a short-term rental management company, says it plans to use funds to fuel growth in GCC, Europe and A... Read more