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HSBC Holdings, Europe’s biggest bank, is winding up some of its activities in certain countries found in the Middle East and North Africa. The bank is also limiting its activities in certain areas because it wants to boost its profitability. Read more
A billion dollar bond has been launched by Qatar National Bank (QNB) and it is due to mature in February 2018. The launching will be its second debt markets foray this year. The bond came in with stricter guidance because Read more
Abu Dhabi Islamic Bank (ADIB) is considering a sale to boost its core capital ratios ahead of an investors meeting on Wednesday. It’s the largest sharia-compliant lender by market value in Abu Dhabi and rarely issue sukuks. A source at Read more
After two years of absence in the sukuk market, the board of the Qatar Islamic bank (QIB) has approved the issuance of another sukuk program. According to a released statement, an amount of $1.5 billion has been given the green Read more
The chief executive of Turkish airports operator TAV Havalimanlari Holding, sani Sener, said they are hoping to conclude to obtain the purchase of the remaining 35% of its Havas ground handling services unit soon. Mr. Sani Sener however hinted that Read more
According to a Reuters report, the void left by European financial institutions in UAE’s loan market is being filled by the local banks and they are reaping the fruits despite the conditions entitled to such a venture in the country. Read more
One of Saudi Arabia’s largest construction companies has issued an Islamic bond widely known as Sukuk in a move to enlarge its operations. The bond which is issued by the Saudi Binladin Group Sukuk limited in the Kingdom is $266.6 Read more
The United Arab Emirates has handed a 90-day notice to Barclays following its role in a scandal in England. Barclays is obliged to leave the rate-setting panel for interbank lending because the notice is mandatory. Barclays has of late manifested Read more
Oman’s Ministry of commerce and Industry has taken the decision to stop the merger of HSBC Oman and Oman International Bank (OIB). The decision will temporarily stop the merger because an India-based businessman has raised issues against HSBC via a Read more
The last time Qatar knocked at the doors of the global debt markets was in last November with a $5 billion conventional multi-tranche bond. It made use of the investors search for safe heavens even though there were degrees of Read more