Tag: Finance
Bahrain’s Al Salam Bank praised by KPMG for toping key performance...
According to a report by KPMG, Al Salam Bank-Bahrain (Al Salam Bank) has attained the highest reduction in non-performing financing (NPF) amongst fifty-five GCC...
Landmark Sukuk of Islamic Development Bank closed by Emirates NBD Capital
The investment banking arm of Emirates NBD, Emirates NBD Capital Limited, has successfully closed the Islamic Development Bank (IsDB)’s first-ever USD Sustainability Sukuk.
Emirates NBD...
ADIB helps its customers with extensions and discounts on payments
UAE's leading financial institution Abu Dhabi Islamic Bank (ADIB) has decided to extend its relief measures to help customers deal with the unique challenges...
Reviving Banks in UAE; 88% of TESS liquidity facility utilized by...
UAE's Apex bank, Central Bank of the UAE (CBUAE) has presented encouraging numbers stating that 88% of the $13.6 billion Targeted Economic Support Scheme...
Sign of Optimism and Trust; Sharjah Islamic Bank sells $500 million...
UAE-based fully Shariah-compliant bank, Sharjah Islamic Bank (SIB) has successfully sold a $500 million long 5-year Sukuk, with a profit rate of 2.85 percent...
OAB – Alizz Islamic Bank merger leads Oman’s financial sector consolidation
Oman's financial sector is witnessing another set towards consolidation as Oman Arab Bank (OAB) and Muscat-based Alizz Bank have entered into a consensus to...
Saudi Arabia’s Amlak International proceeds with IPO plans on Tadawul
Saudi Arabian non-bank real estate finance company, Amlak International for Real Estate Finance has expressed its interest to proceed with an initial public offering...
China permits American Express to operate through a Joint Venture
China’s central bank, The People’s Bank of China (PBOC) has provided final permission to a network clearing license for an American Express (AMEX) JV...
