Three Themes Shaping GCC Financial Services
Governments in the GCC region know that a strong, resilient financial services sector is critical to economic development and reform. In 2019 there has...
Gulf Stocks Rise on Hopes of Easing of U.S.-Iran Tensions, Aramco...
Gulf stocks were trading higher in early trade on Thursday, led by a 1.7% surge on the main Saudi index, on signs that tensions...
Dubai Islamic Mortgage Provider Amlak Achieves 95% Approval for Debt Restructuring
Shariah-compliant real estate financier Amlak has achieved 95% approval on its debt restructuring terms, it said on Wednesday (Jan 8). The remaining 5% represents...
Bahrain’s Sovereign Wealth Fund Mumtalakat Hires Banks for Dollar Sukuk
Bahrain’s sovereign wealth fund Mumtalakat has hired banks to arrange fixed income investor meetings ahead of a potential issue of U.S. dollar-denominated sukuk, or...
Kuwait Finance House-Bahrain Honours “Fursan Baytik” Employees for Q3 2019
Kuwait Finance House–Bahrain, one of the leading Islamic banks in the Kingdom of Bahrain and a major contributor to the development of the Islamic...
Saudi Construction Materials Company Al Kathiri Holding Renews Islamic Banking Facility...
Saudi construction materials company Al Kathiri Holding has amended and renewed its Shariah-compliant banking facility agreement with the National Commercial Bank.
The value of the...