Moody's Investors Service has today downgraded the bank financial strength rating (BFSR) of Commercial Bank of Kuwait (CBK) to D+ from C-. At the same time, Moody's has also downgraded CBK's long-term global local currency (GLC) and foreign currency

Bahrain-based BBK will issue a bond "any time the market permits", the bank's chief executive said on Monday, having held investor meetings last week. The meetings in Asia and Europe were arranged by HSBC, Deutsche Bank and Citigroup with a view to a

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced the launch of a two-year Islamic Certificate linked to the RBS Crescent Dynamic Middle East 2 Strategy. This US dollar-denominated certificate is issued by the Royal Bank of

Emirates NBD said customers applying for personal or priority banking products or services at its branches in the Burj Khalifa area, will get an opportunity to win a “Stay for two” at the Jal Fujairah Resort and Spa. The special customer promotion which

Emirates NBD, a leading bank in the region, announced today the launch of the Emirates NBD Dnata MasterCard Platinum Card. The new product is the only credit card in the UAE that guarantees customers a 10 per cent reward on all purchases at Dnata Travel,

Dubai Islamic Bank (DIB) thinks it has a sweet deal for its customers – personal loans backed by sugar. The country’s oldest Islamic institution is offering the first Sharia-compliant personal loan in the Arab world. Under Sharia, or Islamic law, a bank

Capital Intelligence (CI) has affirmed National Bank of Kuwait’s (NBK) Foreign Currency Long-term rating of 'aa-' and its Foreign Currency Short-term rating of “a1+'. The outlook for all ratings remains stable. In addition, the bank’s Financial Strength

Capital Intelligence (CI), the international credit rating agency, today announced that it has affirmed National Bank of Kuwait's (NBK) Foreign Currency Long-term rating of 'aa-' and its Foreign Currency Short-term rating of 'a1+'. In addition, the

Bahraini retail and commercial banking institution, BMI bank (BMI) recently hosted a one day seminar for its private banking customers entitled 'Macro economy & capital market investment opportunities in Oman' at the Sheraton Bahrain. The seminar, held

Qatar Islamic Bank SAQ, the Gulf state’s biggest Shariah-compliant lender, plans to sell as much as $750 million of bonds in its first Islamic debt offering, according to the company’s chief executive. Talks with rating service providers have been

Kuwait Finance House (KFH) signed a deal with the Turkish Airlines to lease three Airbus A320-200 aircrafts for 7 years, where Alafco will finance the purchase and lease of the aircrafts, in addition to managing the deal on behalf of KFH. Such a step

Dubai Islamic Bank (DIB) expects to reach 1 million customers and open 10 new branches by the end of 2010 as the company targets growth in its retail business, a senior executive said on Wednesday. Speaking on the sidelines of a product launch in Dubai,

The National Bank of Abu Dhabi (NBAD) has opened a new branch in Al Quoz on Sheikh Zayed Roads industrial area. NBAD’s branch network in the UAE consists of 104 branches in the UAE, with 12th branches in Dubai. "Expanding our branch network is an