Company News

KFH-Bahrain inks financing deal with Ibn Khuldoon

(Trade Arabia - 6/25/2018 7:25:00 AM)

Kuwait Finance House – Bahrain (KFH-Bahrain), a top Islamic banking services provider, will finance the construction of new buildings at Ibn Khuldoon National School, following the recent agreement signed between the two parties.

The signing ...

Fitch upgrades outlook of Doha Bank to stable

(Gulf Times - 6/24/2018 8:35:00 AM)

Fitch Ratings has upgraded the outlook of Doha Bank from negative to stable and affirmed the long-term Issuer Default Ratings (IDR) at ‘A’, it was announced in a statement.

“The upgrade to stable follows the revision of the Qatari sovereign’s ...

Bahrain Islamic relaunches premium banking services

(Trade Arabia - 6/24/2018 7:50:00 AM)

Bahrain Islamic Bank (BisB) has announced the relaunch of its Al Thuraya Premium Banking Services with a selection of new unique features tailored to cater to the needs of High Net Worth Individuals (HNWIs) as part of its ongoing commitment to the ...

Barwa Bank and International Bank of Qatar in advanced merger talks

(The Peninsula - 6/21/2018 8:01:00 AM)

Qatari lenders Barwa Bank and International Bank of Qatar are in advanced talks to merge after discussions for a three-way merger with another bank collapsed last week, sources told Reuters on Wednesday.

The proposed merger between the two ...

Aldar picks Marriott to manage Abu Dhabi luxury hotel

(Trade Arabia - 6/21/2018 7:35:00 AM)

Aldar Properties, a leading developer in Abu Dhabi, UAE, said it has signed up global hospitality giant Marriott International to manage one of its most strategically located hotels on Yas Island.

The move comes as part of Aldar's active asset ...

SABIC takes part in IFA Conference in Berlin

(Saudi Gazette - 6/20/2018 8:47:00 AM)

SABIC participated in the 86th annual conference of the International Fertilizer Association (IFA) in Berlin on June 18-20 as the Gold sponsor to underline the vital role played by the company in meeting the global demand for high-quality agri-nutrient ...

Air Arabia appoints advisors to evaluate future of Abraaj investment

(The National - 6/20/2018 8:40:00 AM)

Air Arabia, the Sharjah-based low-cost carrier, said it appointed advisors to protect its investment in ailing private equity firm Abraaj Group, which last week filed for provisional liquidation.

Dubai-listed Air Arabia, which holds an ...

Bank Muscat wins Best Trade Finance Provider in Oman award

(Oman Daily Observer - 6/20/2018 7:48:00 AM)

Bank Muscat, the flagship financial services provider in the Sultanate, has won the ‘Best Trade Finance Provider in Oman’ award by Deutsche Bank. The bank won two awards for its Global Trade Services and Global Financial Institutions departments in ...

Bank ABC wins CBB nod for share price liquidity

(Trade Arabia - 6/20/2018 7:40:00 AM)

Bank ABC, a leading player in the region’s banking industry, said it has obtained approval from the Central Bank of Bahrain (CBB) to appoint a market maker for enhancing the liquidity of its share trading on the Bahrain Bourse.

This arrangement ...

Emirates NBD signs Amwal for clearing services

(Trade Arabia - 6/20/2018 7:37:00 AM)

Emirates NBD, a leading bank in the region, has announced that UAE-based Amwal Brokerage has signed up as trading member to avail the bank’s settlement and clearing services.

Following approval by the Securities and Commodities Authority (SCA) ...