(Bloomberg) — Dubai Islamic Bank, the United Arab Emirates’ biggest Islamic lender, is considering buying its smaller rival Noor Bank, people with knowledge of the talks...
(Bloomberg) — Dubai’s biggest bank may save as much as $700 million in a deal to buy Turkey’s Denizbank AS after the lira slumped and economic growth...
(Bloomberg) — Abu Dhabi is considering combining Abu Dhabi Islamic Bank with First Abu Dhabi Bank to create the Middle East’s largest lender, according to people with...
National Bank of Oman (NBO) announced the distribution of 16% cash dividends for the year ended December 31, 2018, at its Annual General Meeting (AGM) held...
At a media briefing held at the Headquarters of Bank Nizwa, Khalid Al Kayed, CEO, Bank Nizwa, highlighted the prospects for Islamic finance Oman. Al Kayed...
(Bloomberg) — Apple and Goldman Sachs Group are joining forces in the consumer credit business, launching the Apple Card for iPhones. The card is tied to Apple...
(Bloomberg) — Dubai’s Shuaa Capital started talks for a potential combination with an Abu Dhabi entity, joining a stream of mergers in the Gulf’s financial industry....
Oman banking sector continued to witness reasonable growth and supported the economic diversification initiatives by meeting the credit needs of all segments in the economy. The...
(Bloomberg) — Abu Dhabi’s Mubadala Development Co. is reviving plans to sell Falcon Private Bank in Switzerland as it seeks to distance itself from the 1MDB money...
(Bloomberg) — Saudi Arabia set out new rules for the calculation of an Islamic tax on banks that’ll result in them paying between 10 percent to...
