Posts Tagged ‘Bank’
Masraf Al Rayan, one of the leading Islamic banks in Qatar, has launched its $1.1 billion Al Rayan GCC Fund.
It has appointed Al Rayan Investment as fund manager of the Sharia-compliant value fund, which will take a medium to long-term perspec
Bahrain’s Ahli United Bank said it has acquired a 40 percent stake in Libya’s United Bank for Commerce & Investment (UBCI) through a capital hike.
Financials
The Bahraini lender has invested $53.8 million in the acquisition, AUB s
Shares of Bank of Rajasthan on Tuesday nosedived 12 per cent on the Bombay Stock Exchange after the market regulator SEBI said that the bank’s promoters have fraudulently hiked their stake in the entity.
After a weak opening, the shares plung
Deutsche Bank lowered its price target on Aldar Properties’ stock to Dh5 from 7.10 dirhams, citing increased uncertainties on Yas Island receivables and the nature of future government support for the developer.
Separately, Citigroup raised its
Fitch Ratings has today affirmed the National Bank of Abu Dhabi’s (NBAD) Long-term Issuer Default Rating (IDR) at ‘AA-’ with a Stable Outlook. Fitch has affirmed NBAD’s Short-term IDR at ‘F1+’, Support Rating at ‘1′ and Support Rating Floor at ‘AA-’. The
The UAE Government should come out with schemes to encourage mergers in the banking system, Union of Arab Banks (UAB) Chairman Adnan Ahmed Yousif said yesterday.
The UAE has more than 50 banks but only one merger, between Emirates Bank Internat
Masraf Al Rayan, one of the leading Islamic banks in Qatar, has launched its $1.1 billion Al Rayan GCC Fund.
It has appointed Al Rayan Investment as fund manager of the Sharia-compliant value fund, which will take a medium to long-term perspec
Fitch Ratings has affirmed Saudi Hollandi Bank’s (SHB) long-term Issuer Default Rating (IDR) at ‘A-’ with a stable outlook, short-term IDR at ‘F2′, Individual Rating at ‘C’, Support Rating at ‘1′ and Support Rating Floor at ‘A-’.
The affirmati
Bahrain’s Ahli United Bank said it has acquired a 40 percent stake in Libya’s United Bank for Commerce & Investment (UBCI) through a capital hike.
Financials
The Bahraini lender has invested $53.8 million in the acquisition, AUB s
IDBI Bank hoped to raise $250-300 million (Rs 1,680 crore)through a medium-term note (MTN) programme, but would wait until market conditions were more favourable, said Executive Director and Group Head (retail banking) RK Bansal.
“We are cons
