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Qatar shows ‘remarkable resilience’ post-blockade, says Doha Bank CEO
(Gulf Times - 30/09/2018)

Qatar has demonstrated “remarkable resilience” since the June 2017 economic blockade by implementing a series of legislative reforms, including achievements in finance and infrastructure development, according to Doha Bank CEO Dr R Seetharaman. At the

Bank Muscat to host 4th edition of technology conference on Oct 2
(Oman Daily Observer - 30/09/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’ and commitment to innovation in banking convenience, is organising the 4th edition of the Technology Evolution conference on

NBK holds seminar on Boursa Kuwait upgrade
(Arab Times - 30/09/2018)

Dr Husayn Shahrur, Managing Director of the MENA Asset Management Division at NBK Capital, today presented on Kuwait’s upgrade and subsequent inclusion to FTSE Russell’s emerging market index.<br/><br/> His presentation focused on three main

AUB wins prestigious award from CFI
(Arab Times - 30/09/2018)

Ahli United Bank (AUB) announced that it has won the ‘Best Governance Bank in Kuwait 2018’ award from Capital Finance International Magazine. The award, which was granted by Capital Finance International, a leading business and financial services

Doha Bank seminar on Qatar’s resilience
(The Peninsula - 27/09/2018)

Governor of the Qatar Central Bank, H E Sheikh Abdulla bin Sauod Al Thani (second left), with Doha Bank Chairman Sheikh Fahad bin Mohammad bin Jabor Al Thani (second right), Managing Director Sheikh Abdul Rehman bin Mohammad bin Jabor Al Thani (left) and

NBO’s $500m EMTN issuance oversubscribed
(Oman Daily Observer - 27/09/2018)

National Bank of Oman (NBO) has successfully issued five-year senior unsecured $500 million notes as part of its updated and up-sized $1.5 billion Euro Medium-Term Note (EMTN) programme.<br/><br/> Unique to Omani financial institutions, the Bank

Bank Muscat hosts Sri Lankan central bank chief
(Oman Daily Observer - 26/09/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’ and commitment to partnership in promoting banking excellence, hosted a banking delegation from Sri Lanka led by Dr Indrajit

ADIB to open subscription for new shares
(Gulf News - 25/09/2018)

Abu Dhabi Islamic Bank (ADIB) said it will open subscription for its new shares on September 25 until October 9.<br/><br/> The bank received approval from its shareholders last month to raise Dh1 billion through a rights issue to meet regulatory capital

Commercial Bank customer wins ‘dream holiday package’
(The Peninsula - 25/09/2018)

As part of Commercial Bank commitment to constantly reward clients for their loyalty, the Commercial Bank presented a dream holiday package to Krishna Srinivisan, the winner of this year’s Commercial Bank International Spend Campaign who will enjoy a

ABK prices highly successful $300mn Tier-1 perpetual bond
(Arab Times - 25/09/2018)

Al Ahli Bank of Kuwait K.S.C.P. (“ABK”) priced a highly successful $300 million bond, marking the first international capital markets issuance out of Kuwait in 2018. The instrument, issued to further boost ABK’s eligible Tier-1 capital has a call date of

CBD and PwC in digital innovation pact
(Gulf News - 24/09/2018)

Commercial Bank of Dubai (CBD) and PwC Middle East, recently signed an agreement on an innovation programme that will help the bank in its objective to become default digital and in providing an exceptional customer experience by collaborating with

Ahlibank recognised ‘Best Bank in Asset Quality’ in Qatar
(The Peninsula - 24/09/2018)

Ahlibank has been awarded “Best Bank in Asset Quality” in Qatar at the New Age Banking Summit 2018 awards ceremony. The event was organised by UMS Conferences with the support of Qatar Central Bank and Qatar Financial Centre Regulatory

QNB revises up oil price forecast to $72 for 2018
(The Peninsula - 20/09/2018)

QNB has revised up its forecasts for average annual oil prices to $72/b for 2018 from $69/b and to $69/b in 2019 from $66/b. Both demand and supply factors, however, suggest a tilt towards lower prices in 2019 as global demand cools and infrastructure

QIB wins two awards at New Age Banking Summit
(The Peninsula - 20/09/2018)

Qatar Islamic Bank (QIB), country’s leading Islamic bank, received two awards from New Age Banking & Finance Awards 2018, as part of the seventh edition of New Age Banking Summit Qatar which was supported by Qatar Central Bank, and Qatar Financial Center

Al Hilal Bank successfully closes $500m sukuk
(The Gulf Today - 20/09/2018)

Al Hilal Bank, rated A2 by Moody’s and A+ by Fitch has successfully closed a $500 million 5-year Senior Sukuk. The transaction, under Al Hilal Bank’s new management team, marks the first Senior Public Sukuk from the UAE since April 2018, and re-opens the

Al Ahli Bank of Kuwait prints $300 million perpetual bond
(Arab Times - 20/09/2018)

Al Ahli Bank of Kuwait has issued $300 million in perpetual bonds, according to a bank document seen by Reuters. Perpetual bonds are similar to an equity instrument in the fact that they have no maturity. The Kuwaiti lender, rated A2 by Moody’s and A+ by

Alizz Islamic inks pact with Takaful Oman
(Times of Oman - 19/09/2018)

Reinforcing its position as one of Oman's most innovative Islamic banking institutions, Alizz Islamic Bank signed a Memorandum of Understanding (MoU) with Takaful Oman, the Sultanate’s first full-fledged Islamic insurance provider, to add

Bank Muscat al Wathbah Academy begins new session
(Oman Daily Observer - 18/09/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its vision ‘To serve you better, everyday’ and commitment to strengthen support to small and medium enterprises (SMEs), has enrolled new batches at al Wathbah Academy

Emirates NBD expands Saudi branch network
(Trade Arabia - 17/09/2018)

Emirates NBD, a leading banking group in the Middle East, has expanded its presence in Saudi Arabia with the opening of its branch in Khobar in the Eastern Province. Emirates NBD now covers three key regions in Saudi Arabia with presence in Riyadh,

ADIB raises $750 million in sukuk
(The Gulf Today - 16/09/2018)

Abu Dhabi Islamic Bank (ADIB), announced that it has successfully raised $750 million of additional Tier 1 through a perpetual sukuk that complies with Basel III regulatory framework issued by the Central Bank of the UAE.<br/><br/> ADIB, which is rated

Bank ABC and AFS to hold third FinTech Forum
(Gulf News - 13/09/2018)

Bank ABC and AFS (Arab Financial Services) announced that the third Middle East & Africa FinTech Forum, the region’s premier fintech conference, will be held at the Ritz Carlton Hotel in Bahrain on February 20-21, 2019, under the patronage of the Central

FAB wins prestigious award for third year running
(Gulf News - 13/09/2018)

The First Abu Dhabi Bank (FAB) has been named ‘Most Innovative Investment Bank from the Middle East’ for the third consecutive year, at The Banker’s prestigious 2018 Investment Banking Awards.<br/><br/> Andy Cairns, FAB’s senior managing director and

ADIB sets eligibility date for Dh1b rights issue
(Gulf News - 10/09/2018)

Abu Dhabi Islamic Bank (ADIB) said on Sunday it has set September 12 as the eligibility date for its Dh1 billion rights issue instead of September 13 due to the public holiday on that day.<br/><br/> This makes the last day to purchase shares to be

GIB plays key role in $253m Byrne Equipment Rental sale
(Trade Arabia - 09/09/2018)

IB Capital, the investment banking arm of Gulf International Bank (GIB), said it had acted as the financial advisor to Al Tala’a International Transportation Company (Al Tala’a or Hanco) on the SR930 million ($253 million) sale of Byrne Equipment Rental

Bank Muscat and SAS recognised for Best Data Analytics initiative
(Oman Daily Observer - 06/09/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, and SAS, leader in business analytics software and services, have been awarded for Best Data Analytics Initiative, Application or Programme in the Middle East for 2018 at the Asian

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