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 […]
The Abu Dhabi Commercial Bank (ADCB) has been granted permission to open a subsidiary bank in the Republic of Kazakhstan, following approval by the country’s authority for the regulation and development of the financial market. ADCB will act as the sole shareholder of the subsidiary bank, according to a government announcement, offering banking services, including […]
Muscat, Oman – Dynatrace (NYSE: DT), the leading AI-powered observability platform, today announced that Bank Muscat, the Sultanate of Oman’s largest bank by market share, has deployed the Dynatrace® platform to build the country’s first enterprise Command Center in the banking sector, that will strengthen operational resilience and accelerate incident response across critical digital banking services. […]
ABU DHABI – The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 3.65%. This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. The CBUAE has also decided to maintain the […]