Monday 25 September 2017

Qinvest buys stake in Barcelona marina

Qinvest, Qatar's leading private investment group and one of the region’s most prominent Islamic financial institutions, has announced its investment in OneOcean Port Vell, a world-class marina in Barcelona,  Spain. The investment was made through its wholly-owned


Bank ABC celebrates launch of branch in UAE

Bahrain-based Bank ABC, a leading international banking group in the Mena region, today celebrated the official launch of its branch in the Dubai International Financial Centre (DIFC) in Dubai. The bank’s clients and counterparties attended a reception to mark the event.


AIG unveils first Islamic M&A insurance policy in Mena

American International Group, advised by global law firm Norton Rose Fulbright, has placed the first Shariah-compliant insurance policy in the Middle East and North Africa region (Mena) for merger and acquisitions activity. AIG offers a range of market-leading Islamic insurance s


Kuwait's Alafco closes $300m murabah facility

Kuwait's Aviation Lease and Finance Company (Alafco) said it has successfully closed an agreement for a three-year syndicated Murabaha facility for $300 million. The transaction has been advised by KFH Capital Investment Company with participation from Kuwait-based Warba Bank


Term deposits in UAE banks rise by $5.4bn

Medium and long-term deposits in UAE banks increased by Dh19.9 billion ($5.4 billion) by the end of the first seven months of 2017, bringing to Dh210 billion the total deposits held the banking sector, a growth of 7 per cent over the corresponding period last year. Medium and lon


UBF launches threat intelligence sharing platform

The UAE Banks Federation (UBF), comprising 48 member banks operating in the UAE, has launched its first Information Sharing and Analysis Center (ISAC), powered by Anomali, provider of market-leading threat intelligence platforms. It will initially bring together 13 banks’ c

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