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Last Updated: Thu, Apr 24 2014 | 4:41 AM |
Qatar's largest Islamic lender posts 8% rise in Q1 net profit
Banking & Finance»

Qatar's largest Islamic lender posts 8% rise in Q1 net profit

Wednesday, 23 April 2014 8:54 PM

Masraf Al Rayan beats analysts' expectations after making $118m in the first three months of the year

UAE's First Gulf Bank posts 27% rise in Q1 net profit
Banking & Finance»

UAE's First Gulf Bank posts 27% rise in Q1 net profit

Wednesday, 23 April 2014 6:40 PM

UAE banks in general have recorded impressive growth in the first quarter, continuing the trend from 2013

Dubai says new sukuk to open door for issues by state firms
Banking & Finance»

Dubai says new sukuk to open door for issues by state firms

Wednesday, 23 April 2014 5:46 PM

Department of Finance says Dubai drew $2.3 billion of investor demand for the $750 million issue

Dubai Holding unit to prepay $555m facility ahead of schedule
Banking & Finance»

Dubai Holding unit to prepay $555m facility ahead of schedule

Wednesday, 23 April 2014 4:26 PM

Dubai Holding Commercial Operations Group says it will make payment on May 13 from available funds

Saudi Telecom Co said to pick banks for debut sukuk
Banking & Finance»

Saudi Telecom Co said to pick banks for debut sukuk

Wednesday, 23 April 2014 2:43 PM

Sources say Gulf's biggest telecom operator has chosen three banks to arrange the transaction

Kuwait's Al Madina seeks protection as losses widen
Banking & Finance»

Kuwait's Al Madina seeks protection as losses widen

Wednesday, 23 April 2014 1:47 PM

Islamic investment firm says it is uncertain of its ability to continue as going concern

Oman gov't raises $530m from Omantel stake sale
Banking & Finance»

Oman gov't raises $530m from Omantel stake sale

Wednesday, 23 April 2014 1:46 PM

Government's holding in telecom operator will drop to 51% after offloading 19% stake

Abu Dhabi lender posts 15% rise in Q1 net profit
Banking & Finance»

Abu Dhabi lender posts 15% rise in Q1 net profit

Tuesday, 22 April 2014 6:55 PM

Abu Dhabi Commercial Bank says it made $260m in the first three months of the year

Dubai gov't plans to sell sukuk of at least $500m
Banking & Finance»

Dubai gov't plans to sell sukuk of at least $500m

Tuesday, 22 April 2014 4:32 PM

Document from lead managers says benchmark-sized US dollar sukuk will have lifespan of 15 years

Developer secures $258m loan for Fairmont hotel in Abu Dhabi
Banking & Finance»

Developer secures $258m loan for Fairmont hotel in Abu Dhabi

Tuesday, 22 April 2014 3:11 PM

Abu Dhabi Commercial Bank says it has agreed to provide loan to National Investment Corp for hotel project

Saudi Arabia's home finance firm may launch by year-end
Banking & Finance»

Saudi Arabia's home finance firm may launch by year-end

Tuesday, 22 April 2014 2:02 PM

Bidaya aims to raise low levels of home ownership in the Gulf kingdom, says founding sponsor

Gulf consortium agrees $500m deal to buy Dubai oil services firm
Banking & Finance»

Gulf consortium agrees $500m deal to buy Dubai oil services firm

Tuesday, 22 April 2014 2:02 PM

Gulf-based investors expect to close transaction to buy Natioinal Petroleum Services during Q2

Qatar's GIS reports 39% surge in net profit
Banking & Finance»

Qatar's GIS reports 39% surge in net profit

Tuesday, 22 April 2014 2:01 PM

Gulf International Services says performance mainly boosted by robust growth of drilling subsidiary

Bahrain's Investcorp says to acquire US-based firm
Banking & Finance»

Bahrain's Investcorp says to acquire US-based firm

Tuesday, 22 April 2014 2:01 PM

Investment company agrees deal for Cincinnati-based accessories brand Totes Isotoner Corp

Arab banks ramp up expansion as global rivals start to retreat
Banking & Finance»

Arab banks ramp up expansion as global rivals start to retreat

Tuesday, 22 April 2014 9:39 AM

Western banks, such as HSBC and Barclays, have merged or sold operations in the region


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