Friday, April 26, 2019

Emirates NBD May Save Up to $700 Million in Turkey Deal

(Bloomberg) -- Dubai’s biggest bank may save as much as $700 million in a deal to buy Turkey’s Denizbank AS after the lira slumped and...
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Abu Dhabi Said to Weigh Merger to Create Top Mideast Lender

(Bloomberg) -- Abu Dhabi is considering combining Abu Dhabi Islamic Bank with First Abu Dhabi Bank to create the Middle East’s largest lender, according to...
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National Bank Of Oman Closes 2018 With Solid Financial Results

National Bank of Oman (NBO) announced the distribution of 16% cash dividends for the year ended December 31, 2018, at its Annual General Meeting...
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Islamic Banking Poised for Growth in Oman: Khalid Al Kayed

At a media briefing held at the Headquarters of Bank Nizwa, Khalid Al Kayed, CEO, Bank Nizwa, highlighted the prospects for Islamic finance Oman....
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Apple Debuts Titanium Credit Card With Goldman, Mastercard

(Bloomberg) -- Apple and Goldman Sachs Group are joining forces in the consumer credit business, launching the Apple Card for iPhones. The card is tied to...
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Shuaa in Talks With Abu Dhabi Firm Amid Gulf Merger Wave

(Bloomberg) -- Dubai’s Shuaa Capital started talks for a potential combination with an Abu Dhabi entity, joining a stream of mergers in the Gulf’s...
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Oman Banking Sector Witnesses Reasonable Growth

Oman banking sector continued to witness reasonable growth and supported the economic diversification initiatives by meeting the credit needs of all segments in the...
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Abu Dhabi Is Said to Revive Sale of 1MDB Tarnished Falcon...

(Bloomberg) -- Abu Dhabi’s Mubadala Development Co. is reviving plans to sell Falcon Private Bank in Switzerland as it seeks to distance itself from the...
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Saudi Arabia’s New Rules Set to Raise Islamic Tax for Some...

(Bloomberg) -- Saudi Arabia set out new rules for the calculation of an Islamic tax on banks that’ll result in them paying between 10...
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Goldman Blacklisted in Abu Dhabi in Fresh Blow From 1MDB Scandal

An Abu Dhabi-controlled investment fund has halted new business with Goldman Sachs Group Inc., adding to the growing fallout for the U.S. bank from...
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