UAE’s FGB lends $350 mln to Indonesia’s AKT
First Gulf Bank, United Arab Emirates’ lender, has announced providing a $350 million loan to one of Indonesian…
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Banks
Adnan Youssef: CBE Protects Egyptian Banks Against Financial Crisis
Adnan Youssef, Chairman of the Union of Arab Banks and President & Chief Executive of Al Baraka Banking Group,…
Oman’s Bank Muscat arranges $62.5m loan for Sampath Bank
Bank Muscat, Omani lender, successfully concluded a syndicated loan totaling $62.5 million for Sampath Bank in Sri…
Qatar’s Al Khaliji Offers New Structured Deposits
Al Khalij Commercial Bank (Al Khaliji), Qatari lender, has announced the launch of three new structured deposits…
Citigroup Expects $700m Charge As It Trims Stake In Akbank
Citigroup Inc. (C), the third-largest U.S. bank by assets, expects an impairment charge of $700 million in the…
AUB’s Alpha Mutual Fund is Approved By EFSA
Egyptian Financial Supervisory Authority (EFSA) has initially approved "Alpha" Fund to be launched by Ahli United…
BofA Tests A New Program to Convert Faltering Homeowners Into Tenants
Bank of America is testing pilot program that would help homeowners at risk of foreclosure by turning their…
Salameh: Some Parties Irked By Lebanese Banking Success
The Lebanese banking sector continues to command high confidence despite a campaign by some parties to discredit…
UAE Central Bank: Rate of Lending Growth “Reasonable”
The rate of bank lending growth in the United Arab Emirates is "reasonable," Central Bank Governor Sultan Nasser…
AAIB launches Tax Exempt Gozour Fund
Arab Africa International Bank (AAIB) has launched its newest mutual fund “Gozour” which is investing in fixed…