Abu Dhabi lender posts 15% rise in Q1 net profit

Abu Dhabi lender posts 15% rise in Q1 net profit

Abu Dhabi Commercial Bank says it made $260m in the first three months of the year

Dubai gov't plans to sell sukuk of at least $500m

Dubai gov't plans to sell sukuk of at least $500m

Document from lead managers says benchmark-sized US dollar sukuk will have lifespan of 15 years

Developer secures $258m loan for Fairmont hotel in Abu Dhabi

Developer secures $258m loan for Fairmont hotel in Abu Dhabi

Abu Dhabi Commercial Bank says it has agreed to provide loan to National Investment Corp for hotel project

Saudi Arabia's home finance firm may launch by year-end

Saudi Arabia's home finance firm may launch by year-end

Bidaya aims to raise low levels of home ownership in the Gulf kingdom, says founding sponsor

Gulf consortium agrees $500m deal to buy Dubai oil services firm

Gulf consortium agrees $500m deal to buy Dubai oil services firm

Gulf-based investors expect to close transaction to buy Natioinal Petroleum Services during Q2

Qatar's GIS reports 39% surge in net profit

Qatar's GIS reports 39% surge in net profit

Gulf International Services says performance mainly boosted by robust growth of drilling subsidiary

Bahrain's Investcorp says to acquire US-based firm

Bahrain's Investcorp says to acquire US-based firm

Investment company agrees deal for Cincinnati-based accessories brand Totes Isotoner Corp

Arab banks ramp up expansion as global rivals start to retreat

Arab banks ramp up expansion as global rivals start to retreat

Western banks, such as HSBC and Barclays, have merged or sold operations in the region

Abu Dhabi Islamic Bank posts 20% rise in Q1 net profit

Abu Dhabi Islamic Bank posts 20% rise in Q1 net profit

Abu Dhabi's largest Islamic lender meets expectations after making $111m in three months to March 31

Kuwait central bank warns against rising gov't spending

Kuwait central bank warns against rising gov't spending

Governor says Kuwait's rising public spending is preventing sustainable economic development


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