Sunday 28 August 2016
 
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GFH aims to buy control of Bank Al Khair

Bahrain-based Islamic investment bank GFH Financial Group (GFH) has signed a memorandum of understanding to buy a majority stake in Bank Al Khair, a Bahraini lender with a presence in several countries, GFH said on Monday. GFH did

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Abu Dhabi's NBAD to launch ME's first green bond

The National Bank of Abu Dhabi plans to start an investor roadshow next week to issue a benchmark-sized green bond, the proceeds of which would be used to invest in renewable energy, sources familiar with the matter said on Thursday.

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Bank Muscat, Ministry of Tourism host social media icon

Bank Muscat, in association with the Ministry of Tourism, is hosting renowned social media personality Sheikh Majed Al Sabah on a unique ‘Discover Oman’ programme. During the week-long stay, Sheikh Majed will explore O

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Ahli United raises stake in Iraq bank

Ahli United Bank (AUB), Bahrain's largest lender, has raised its stake in Commercial Bank of Iraq to 64.71 percent, according to a stock exchange statement. AUB purchased a 10 percent stake in Commercial Bank of Iraq, AUB said

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NBAD, FGB win approval to set up $175bn bank

Leading Abu Dhabi lenders National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) said its boards of directors have recommended merging the two banks with the deal expected to be completed in the first quarter of 2017. The mer

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Gulf Bank reinforces new electronic cheque clearing system

Customers of Kuwait's Gulf Bank who print their cheques through external vendors have been advised to discontinue the practice at the earliest and only print cheques through authorised vendors. The new advisory comes in line w

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Mashreq CEO of investment unit resigns

Mashreq, Dubai's third-biggest bank by assets, said on Thursday the chief executive of its investment unit, Abdul Kadir Hussain, has resigned. Hussain, who was chief executive of Mashreq Capital and Mashreq's head of asset

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Abraaj acquires minority stake in Turkish bank

The Abraaj Group, a leading investor operating in global growth markets, today announced the acquisition, through one of its funds, of a minority stake in Fibabanka AS, one of the most prominent banks in Turkey. The investment fro

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OAB chooses SmartVista to boost card business

Oman Arab Bank (OAB) has selected BPC Banking Technologies’ SmartVista suite to enhance its payment business. This will enable the bank to meet its objective of having a modern platform to adapt to the changing retail banking market.

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Symantec says Swift heist linked to Philippines attack, Sony hack

Hackers who stole $81 million from Bangladesh's central bank have been linked to an attack on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures, cybersecurity company Symantec Corp said in a blog post on Thursday.

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