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Commercial Bank of Qatar negotiating sale of UAB stake
(CPI Financial - 29/09/2017)

Qatar’s Commercial Bank (CBQ) is in talks to sell its 40 per cent stake in Sharjah-based United Arab Bank (UAB). In a statement to the Qatar Stock Exchange, CBQ said it has agree to grant a third-party purchaser a 90-day period of exclusivity. The

Emirates NBD issues A$200 mln bond, ANZ is lead manager
(Reuters - 28/09/2017)

Emirates NBD, Dubai’s largest lender, has raised a 200 million Australian dollar ($156.3 million) bond with ANZ as sole lead manager, ANZ said on Thursday. The senior unsecured kangaroo bond has a 10-year maturity and a 4.85 percent annual coupon. The

QINVEST bullish on Turkey, bets on EM equities
(The Peninsula - 28/09/2017)

QINVEST, Qatar’s leading investment group, is set to reinforce its presence in Turkey. Amidst a raft of global market challenges, the prominent Qatar-based Islamic financing investment bank, is betting on Emerging Market equities, Europe and other

Bank Muscat joins hands with Majid Al Futtaim for Mall of Oman project
(Oman Daily Observer - 28/09/2017)

Bank Muscat, the flagship financial services provider in the Sultanate, and Majid Al Futtaim Properties signed a term finance agreement for the Mall of Oman project. Anticipated to open in 2020, the Mall of Oman will be the largest shopping mall in the

Mashreq Bank boosts security
(Press Release - 27/09/2017)

Mashreq Bank, a leading financial institution in the United Arab Emirates, has tapped Diebold Nixdorf to streamline in-branch cash cycle management with the implementation of teller automation technology at selected UAE branches. In combination with

Qatar's Commercial Bank in talks to sell United Arab Bank stake
(Reuters - 27/09/2017)

Qatari’s third-biggest lender, Commercial Bank, is in talks to sell its $217 million stake in Abu Dhabi-listed United Arab Bank, joining several Qatari companies exiting the United Arab Emirates (UAE) due to a widening Gulf rift. The potential buyer is a

Bank Sohar closes OMR100m bond issue
(Times of Oman - 27/09/2017)

Bank Sohar’s OMR100 million bond issue, which closed subscription recently, was oversubscribed. The bank had offered up to 100,000 perpetual bond, Additional Tier I Capital Instruments on a private placement basis, at a price of OMR1,000 per capital

Abu Dhabi Commercial Bank’s Ratings Affirmed, with a ‘Stable’ Outlook
(Press Release - 26/09/2017)

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of Abu Dhabi Commercial Bank (ADCB) at 'A'. The Bank's strong capital adequacy ratio (CAR),

Jamal Bin Ghalaita named ‘Islamic Bank CEO of the Year’
(Press Release - 26/09/2017)

Jamal Bin Ghalaita, CEO of Emirates Islamic, was honored as the ‘Islamic Bank CEO of the Year’ at the Global Islamic Finance Awards (GIFA) 2017. The award recognizes the strategic drive of Emirates Islamic to become one of the leading Shari’a compliant

Bank Albilad announces 1st Half 2017 cash dividend distribution
(Tadawul - 26/09/2017)

The Board of Directors of Bank Albilad has decided on 05/01/1439H corresponding 25/9/2017 the distribution of dividend to the shareholders for the first half of the year 2017 as following: 1.Total amount of distribution of dividend SAR 180 Millions

The $101 Million syndicated Murabahah financing facility for BIsB
(CPI Financial - 26/09/2017)

Speaking at the signing ceremony, Bahrain Islamic Bank’s Chief Executive Officer, Mr. Hassan Jarrar, stated. “We are pleased with the positive response from our partner banks in Bahrain, the region and Europe.” Bahrain Islamic Bank B.S.C. (BisB) has

Commercial Bank looks to Asia funding in next few months
(Gulf Times - 26/09/2017)

Qatar’s third-largest lender, Commercial Bank, is considering borrowing money on the Taiwanese bond market, its group chief executive told Reuters. The plan to tap Asian markets is because Qatari banks have been locked out of Saudi Arabia, the UAE, Egypt

Mashreq Bank partners with Diebold Nixdorf
(Gulfnews - 26/09/2017)

Mashreq Bank has partnered with Diebold Nixdorf to streamline the bank’s in-branch cash cycle management processes by implementing automation technology across select UAE branches. A statement on Monday said that the cash recycling systems coupled with

ADGM Partners with ADIB to enhance Abu Dhabi’s fintech ecosystem
(CPI Financial - 25/09/2017)

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, today marked a new partnership with Abu Dhabi Islamic Bank (ADIB), a leading financial institution, to seek opportunities to collaborate and consult on initiatives to

QIB named as safest Islamic bank in Qatar
(The Peninsula Qatar - 25/09/2017)

Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank has been recognised by Global Finance as the safest Islamic Bank in Qatar and one of the safest Banks in the Middle East and Emerging Markets. Also, marking new additions to its list of achievements,

Brand survey reveals loyalty levels among UAE banks
(Arab News - 22/09/2017)

Emirates NBD inspires more customer loyalty than other UAE banks and has the highest trust levels in the country according to a new report released on Thursday. The Bank Brands Customer Loyalty Market Research report, published by London-based Brand

Banque Saudi Fransi announces the Resignation of a Board Member
(Tadawul - 21/09/2017)

Banque Saudi Fransi announces that BSF Board Member, Mr. Francois Jean MARION (non executive) has resigned from the Board of Directors on 20/9/2017 for personal reasons. <BR Mr. MARION resignation has been accepted on 21/9/2017 with effect from

Emirates NBD most trusted lender in UAE
(The National - 21/09/2017)

Emirates NBD, Dubai’s biggest bank by assets, is the most trusted local lender in the UAE and has the most loyal customers, according to a survey by Brand Finance Banking. Bank clients surveyed by Brand Finance Banking, based in the UK, found that 74.6

CBB Sukuk Al-Salam Securities Subscribed by 100%
(Biz Bahrain - 20/09/2017)

The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, Sukuk Al-Salam, has been subscribed by 100%. Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries a

ABC Bahrain generates over 1 million business referrals in 2017
(Trade Arabia - 19/09/2017)

The Arabian Business Community (ABC) Bahrain has reached a record 1 million business referrals to companies on its Bahrain Database so far this year, it was revealed today. “The portal has generated over 1,046,000 visits to companies registered on the

NCB first Saudi bank to join SWIFT GPI
(Gulfnews - 19/09/2017)

SWIFT said on Monday that Saudi Arabia’s National Commercial Bank (NCB) has signed up for its global payments innovation (GPI) service. “The shift towards real-time payments is a global phenomenon, changing the shape of payment systems in the Middle

Bank Muscat hosts environmental awareness workshop
(Oman Daily Observer - 19/09/2017)

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its ‘Let’s Do More’ vision and commitment to partnership in sustainable development, kicked off a series of environmental awareness workshops for students to highlight

National Commercial Bank first Saudi Arabian bank to join SWIFT gpi
(Press Release - 18/09/2017)

SWIFT announces today that Saudi Arabia’s National Commercial Bank (NCB) has signed up for its global payments innovation (gpi) service. The bank is the first in the country to join forces with over 100 leading banks globally. SWIFT gpi dramatically

Bank ABC celebrates launch of branch in UAE
(Trade Arabia - 18/09/2017)

Bahrain-based Bank ABC, a leading international banking group in the Mena region, today celebrated the official launch of its branch in the Dubai International Financial Centre (DIFC) in Dubai. The bank’s clients and counterparties attended a reception

QInvest invests in Spanish marina OneOcean Port Vell
(Gulf Times - 18/09/2017)

QInvest, Qatar's leading private investment group and one of the region’s most prominent Islamic financial institutions, has invested in and is a shareholder in OneOcean Port Vell in Barcelona, Spain. The investment was made through its wholly-owned