Middle East and North Africa

Middle East and North Africa

ADIB’s Shareholders Approve Proposed Rights Issue

ADIB’s shareholders have approved a proposal by the bank’s Board of Directors to raise capital through a AED 1 billion rights issue. The capital plan...

Bank Muscat Highlights Role of Renewable Energy Resources

Bank Muscat, the flagship financial services provider in the sultanate, in line with its vision ‘To serve you better, everyday’ and commitment to partnership...

Qatari Issuers Raise $19.97Bn, Lead GCC Bonds and Sukuk Market in...

Qatari issuers led the GCC aggregate bonds and sukuk market in the first half of this year, raising a total of $19.97bn, according to...

Bahrain’s GFH Financial Group Pays Off $200m Sukuk

Bahrain-based GFH Financial Group has announced that it has paid the entire amount of its $200 million sukuk, which was originally drawn in 2007,...

UAE’s Top 4 Banks’ Net Profits to Remain Steady

Higher net interest income and lower provisions drove profits higher for the four largest banks in the UAE in second-quarter 2018 with profitability likely...

MARC Affirms Its AAAIS Rating on Aman Sukuk’s Islamic MTN Programme

MARC has affirmed its AAAIS rating on Aman Sukuk Berhad’s (Aman) Islamic Medium-Term Notes (IMTN) programme of up to RM10.0 billion with a stable...