Tuesday, July 23, 2019
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Banking & Finance

Emirates NBD Gets Key Approval for Turkey Denizbank Deal

(Bloomberg) -- Emirates NBD received a key regulatory approval taking Dubai’s biggest lender a step closer to completing its purchase of Turkey’s Denizbank, two...
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Bank Muscat best positioned to weather tight liquidity conditions: Moody’s

According to the latest report by Moody’s Bank Muscat is best positioned among local banks to weather the tight liquidity conditions Bank Muscat exhibits...
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Second Merger Wave May Hit UAE Lenders

(Bloomberg) -- Banks in the United Arab Emirates may go through a second wave of consolidation as lenders seek to improve profitability and tackle...
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10 Things People in Finance Should Never Say

(Bloomberg Opinion) -- At a recent event in New York City, I chatted with a money manager whose presentation had impressed me. At least,...
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Dubai Islamic Bank Board Recommends Buying Local Competitor

(Bloomberg) -- Dubai Islamic Bank PJSC is proceeding with plans to acquire a smaller local rival as the United Arab Emirates’ biggest Islamic lender...
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Mashreq Bank to implement the E-mortgage system from DLD

Dubai Land Department (DLD) has signed a license agreement with Mashreq Bank, one of the first banks operating in the UAE, for the use...
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Bitcoin Jumps Toward $9,000 in Best-Performing Month Since 2017

(Bloomberg) - Bitcoin jumped as much as 10% on Monday to almost breach $9,000 as it extended the best one-month rally since before the token’s...
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Sustained Growth

Shahin Mohammed Al Balushi, CEO of Taageer Finance, talks about his company’s performance, future plans and the challenges facing Oman’s leasing industry    Can you...
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Saudi Central Bank Fines 16 Banks Including Emirates NBD

(Bloomberg) -- Saudi Arabia’s central bank fined 16 financial institutions, including the kingdom’s largest banks, for violating "responsible finance principles."Read more: Saudi Banks Set for...
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Dubai Islamic hires HSBC for Noor Acquisition

(Bloomberg) -- Dubai Islamic Bank PJSC hired HSBC Holdings Plc to advise on its possible acquisition of smaller rival Noor Bank PJSC, according to...
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