Kuwait: Reinforcing its position as one of the region’s leading financial institutions in asset management and investment banking, Kuwait Financial Centre “Markaz” announced that its Investment Banking team has won the “Best Investment Bank in Kuwait” award from Global Finance. This recognition marks Markaz’s 13th award from Global Finance, extending a track record of continued recognition […]
Dubai, UAE: RAKBANK has reported a record quarterly profit after tax of Dh1 billion for the first quarter of 2026, reflecting a 43% year-on-year increase, driven by strong balance sheet growth and a one-off gain from a business divestment. The bank’s performance was bolstered by a Dh473 million gain from the sale of its merchant […]
MANAMA, Bahrain: Singapore Gulf Bank (SGB) today announced the launch of its stablecoin mint and redeem service. Corporate and high-net-worth clients can now convert between fiat and stablecoins directly from their SGB accounts, enabling instant, 24/7 settlement without relying on traditional correspondent banking flows. To support the launch, in a banking industry first, SGB will waive […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has announced the successful execution of a USD 250 million syndicated term loan facility (“Project Radium II”) for Dar Global plc, the London-listed luxury international real estate developer. Dar Global plc, which is majority owned by Dar Al […]
Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has announced the results for the three months’ period ended 31 March 2026. Net Profit attributable to the Shareholders of the Bank amounted to QAR 986 Million for the three months’ period ended 31 March 2026. Total Assets of the Bank as at 31 March 2026 stands at QAR 224 […]
Abu Dhabi, UAE, Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reaffirmed its role as a key enabler of large-scale real estate development through its strategic partnership with Jubail Investment Company (JIC). The Jubail Island project, solely financed by ADIB from inception through to completion, reflects the Bank’s integrated approach to supporting landmark […]
Kuwait: Kuwait Financial Centre “Markaz” announced that it has won the “Best Local Investment Bank 2025” and “Best Asset Manager in Kuwait 2025” awards from EMEA Finance at the Middle East Banking Awards 2026 ceremony held recently in Dubai. The awards reflect Markaz’s leading position in the market and its role in providing investment solutions across […]
Landmark transaction highlights yet another significant achievement for Emirates Islamic in procuring long-term USD funding for the bank Dubai, UAE, Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has successfully concluded its USD 500-million, five-year Club Commodity Murabaha term facility. The landmark transaction highlights yet another significant achievement in securing long-term USD […]
One of the largest syndicated borrowings in the GCC region Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has successfully closed USD 2.25 billion in long-term financing. The transaction includes a USD 1.75 billion five-year sustainability-linked syndicated term loan (SLL) and a USD 500 million five-year […]
Abu Dhabi: First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has hosted a virtual AI Agentathon in collaboration with Presight and supported by Microsoft. The initiative brought together internal and external participants to develop AI-driven solutions addressing real business challenges across the Bank. The Agentathon […]