Thursday 29 September 2016
 
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Ahli Bank finalising three-year loan of $180m

Qatar's Ahli Bank is completing a three-year club loan financing expected to be in the region of $180 million, said two banking sources with direct knowledge of the situation. The loan, launched in the market at the end of August, is self-coordinated, said the sources, meanin

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Saudi cbank to inject $5.33bn into banking system

Saudi Arabia's central bank said on Sunday it has decided to inject around SR20 billion ($5.33 billion) in time deposits into the banking system to boost financial stability. It has introduced two new maturity periods for repurchase agreements aiming to help boost financial s

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DGCX’s INR Quanto Futures wins innovation award

Indian Rupee Quanto futures contract of the Dubai Gold and Commodities Exchange (DGCX) has been recognised as the Most Innovative New Contract in the Currency category at this year’s Futures and Options World (FOW) Awards Asia, the derivatives industry’s leading awards.

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Compareit4me secures $2.4m investment

Compareit4me.com, a leading financial comparison website in the Middle East, has received a total of $2.4 million in investment through its latest round of bridge funding. The sum more than doubled the $1 million that the company set out to achieve, taking the total amount that i

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Man ‘conned investors into paying $235,000’

An alleged conman has been accused of duping more than 30 Bahrain-based investors out of almost BD90,000 ($235,000), reported the Gulf Daily News, our sister publication To read further, please visit

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Goldman Sachs ‘cutting 30pc of Asia jobs’

Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters. The Wall Street bank is reducing the number of bankers working on mergers an

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World Bank eyes capital markets to boost loans for poor

The World Bank division that lends to the world's poorest countries is preparing to raise billions of dollars from capital markets next year after winning top-tier, first-ever credit ratings from Moody's Investors Service and Standard and Poor's. The World Bank said o

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‘Risks remain for EMEA emerging market banks’

Banks in emerging markets of the GCC countries, Nigeria, Russia, South Africa, and Turkey will stay under pressure for the remainder of 2016 and 2017, according to a new report from S&P Global Ratings. "The operating environments in these emerging banking markets are suf

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