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...
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...
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...
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....
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...
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...
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...
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...
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...
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...