Kuwait's Burgan Bank has chosen banks to arrange meetings with investors ahead of a potential issue of a capital-boosting bond, a document from lead managers said on Thursday, in what would be the first such debt sale from a Kuwaiti entity.
JPMorgan Chase & Co is investigating a possible cyber attack and working with law enforcement authorities to determine the scope, a company spokeswoman said on Thursday morning.
The bank was taking additional steps to safeguar
The earnings of Kuwaiti companies were flat, despite a solid performance by banks during the first half of the year, on the back of an improving operational environment and reduced provisioning, boosted overall earnings an offset weakness in oth
Bahrain has hired four banks including Citigroup, Gulf International Bank and Standard Chartered to arrange a new sovereign bond issue expected to be launched before the end of the year.
The government bonds are highly prized by financi
Doha Bank’s chief executive officer (CEO) won the ‘Life Time Achievement Award’ at a summit in India recently.
The Global Summit 2014 on Business Excellence, under the theme ‘Business excellence through Boa
Switzerland's Bank Sarasin mis-sold $200 million of investment products to Kuwait's prominent Khorafi family, a court at Dubai's financial centre found on Thursday in a ruling that could set a precedent for similar disputes in the re
The price rise in Abu Dhabi’s residential real estate does not pose a serious risk to the emirate’s banks as the industry is not reliant on leverage but backed by stinger fundamentals, said a report.
According to the l
Shares in troubled Turkish Islamic lender Bank Asya were temporarily removed from the Istanbul stock exchange on Thursday in a further blow to a bank caught in the middle of a damaging political feud.
The Istanbul bourse said the
The new Suez Canal project will cost about 60 billion Egyptian pounds ($8.4 billion), funded by debt certificates to be issued "in about a week", Egyptian Prime Minister Ibrahim Mehleb said on Thursday.
The "Suez Ca
Bahrain-based Gulf Finance House (GFH), an Islamic investment bank, has posted a 152 per cent rise in consolidated net profit to $10.6 million for the first half ended June 30, compared with $4.2 million for the prior year period.