The Saudi-owned television news channel Al Arabiya has shut its offices in Lebanon and dismissed 27 employees, two of its journalists said on Friday, in a sudden move that comes amid political tensions between Riyadh and Beirut.
Abu Dhabi's government-owned Al Hilal Bank has closed a $175 million Islamic loan transaction with three banks, sources aware of the matter told Reuters on Thursday.
The loan has a life span of two years, t
Bahrain-based Bank ABC said it has closed a $250 million syndicated term loan facility for Bank Sohar.
The three-year facility was signed on July 14 and will be used by Bank Sohar for general funding purposes, said a report in the
Royal Bank of Scotland (RBS) has closed its branch in Qatar with its country head departing, RBS told Reuters on Thursday, the latest step in its withdrawal from the Middle East.
Qatar has been one of the bank's more active ov
A decision to close sheesha cafes in Bahrain at midnight has sparked uproar among business owners and councillors.
However, the move taken last week by the Works, Municipalities and Urban Planning Affairs Ministry and Interior Min
Global insurer Zurich has reaffirmed its commitment to Bahrain's insurance market following concerns that the Swiss insurer was to close its operations in the kingdom.
Zurich is reducing the number of licences it holds in Bahr
Bank of Bahrain and Kuwait (BBK) has announced the closing of a bond issuance of $400 million.
The issuance of an international senior unsecured bond with a five-year maturity date targeted professional investors in the Middle Eas
Qatar National Bank (QNB) has closed syndication of a $3 billion, three-year unsecured term loan and will sign the deal on March 16, banking sources said.
Barclays Bank and HSBC are acting as coordinators on the deal, with Bank of
A decision to close an American-run school in Bahrain today (February 12) over security concerns has been criticised by MPs, who said it played into the hands of terrorists.
They also said a security alert issued by the US Navy sh
Gatehouse Bank, a London-based investment bank specialising in sharia-compliant products and services, has announced the closure of its first offshore real estate financing in St Helier, Jersey.
The bank provided £10 million