Moody’s Downgrades Three Lebanese Banks, Cites Political Uncertainty
Moody’s has downgraded Lebanon’s three largest banks by assets further into junk territory, reflecting the weakening creditworthiness of the Lebanese government as civil unrest...
NBK, KFH Arrange KD 350 Million 5-year Syndicated Facility for KPC
National Bank of Kuwait (“NBK”) and Kuwait Finance House (“KFH”) have co-arranged a five-year syndicated revolving loan and Murabaha facility at KD 350 million...
Total Assets of UAE Banks Rise to $820bn
The total assets of UAE-based conventional banks increased to about AED2.457 trillion ($670 billion) by the end of September, according to official figures from...
It is Time to Position Islamic Finance as Sustainability Leader
We live in an era where consumers, especially young people, demand that values and purpose are embedded into the work of businesses, employers and...
Islamic Fintech Important Tool to Meet Sustainable Development: QCB Governor
The Qatar Central Bank (QCB) attaches great importance to Islamic financial technology (fintech), which is a very important tool needed to meet long-term sustainable...
Two Manhattan Hotels to Refinance $98 Million of Debt with Kuwaiti...
Refinancing of a $98 million debt on two Manhattan hotels is likely to be facilitated by data showing the good performance of the properties...