UAE’s Dana Gas Says to Use Proceeds of Sale of Egypt...
United Arab Emirates-based Dana Gas said on Thursday it plans to use proceeds from the sale of its Egyptian assets to pay down its...
Kuwait to Review Feasibility of Bahrain’s Ahli United Bank Takeover
Kuwait’s finance minister has asked its sovereign wealth fund to review the feasibility of the takeover of Bahrain’s Ahli United Bank by its subsidiary...
Covid-19 Pandemic Elevates Need to Consolidate Islamic Banks
The liquidity crunch faced by the banks in the Gulf Cooperation Council (GCC) countries due to the financial crisis fuelled by the Covid-19 pandemic...
Oman Arab Bank Gets Regulatory Nod for Alizz Bank Merger
Oman Arab Bank is set to proceed with its merger with Alizz Islamic Bank after securing regulatory approval for the deal from the Central...
Aldar Teams Up with Banks to Offer Low Interest Rate Home...
Aldar Properties is partnering with banks in Abu Dhabi to offer home finance at low interest rates at some of its developments in the...
Turkey’s Banking Watchdog Announces New Asset Ratio to Boost Lending
Turkey’s banking watchdog announced Saturday new regulations to push private banks to give more credit and purchase government bonds to support the economy during...