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Banking and Finance

Banking and Finance latest

Jordan Ahli Bank Completes Allocation of First Locally Issued Sustainability Bond, Showcases Economic, Social and Environmental Impact of Funded Projects
June 30th, 2026 - 07:44 GMT

Jordan Ahli Bank Completes Allocation of First Locally Issued Sustainability Bond, Showcases Economic, Social and Environmental Impact of Funded Projects

Jordan Ahli Bank has achieved a major milestone in its sustainability journey with the full allocation of Jordan’s first locally issued Sustainability Bond, reaffirming its commitment to advancing sustainable finance and supporting economic, social, and environmental development across the Kingdom. The USD 50 million bond was launched in 2024 in partnership with the International Finance Corporation (IFC), a member of the World Bank Group. Following the Shared Prosperity Framework, the Sustainability Bond financed 582 eligible projects across multiple industries in 10 governorates, delivering measurable economic, social and environmental benefits. The ...
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As per the law, most financial services are VAT exempt in the UAE. (Shutterstock)
April 4th, 2018 - 08:22 GMT

UAE Banks May Hike Fees to Offset Additional VAT Costs in 2018

Yousif Ali Mirza, Chief Executive Officer, CrediMax
April 4th, 2018 - 07:25 GMT

CrediMax and Mastercard Launch UEFA Champions League Campaign

Khalifa Fund will also participate in the various activities, which will be held on the sidelines of the forum, including ‘AIM Startup’.
April 4th, 2018 - 07:04 GMT

Khalifa Fund to Showcase 20 Projects at Annual Investment Meeting

Dr. Hussein Abusaaq, Chief Economist and Head of the Research and Economic Studies Unit
April 4th, 2018 - 06:40 GMT

KPMG Al Fozan & Partners Establishes New Economics Research Unit

A proposed Islamic investment megabank is likely to be launched in 2018, according to Islamic Development Bank spokesman Abdul-Hakim Elwaer. (Courtesy of Anadolu Agency)
April 3rd, 2018 - 11:07 GMT

Turkey, Muslim Countries to Launch Islamic Megabank in 2018

FAB celebrates successful first year.
April 2nd, 2018 - 10:16 GMT

First Abu Dhabi Bank Celebrates Successful First Year

The Percutaneous Nephroscope is the first of its kind to be made available in the kingdom of Bahrain which will enhance kidney stone removal without resorting to surgical procedures.
April 2nd, 2018 - 04:50 GMT

CrediMax Bahrain Donates to King Hamad University Hospital

As part of the second phase, the Boursa Kuwait Rulebook, which can be found on the website, will also be modified.
April 2nd, 2018 - 04:39 GMT

Boursa Kuwait Announces Second Phase of Market Development

Jasim Al Ali, CEO of FAB Properties
April 1st, 2018 - 06:58 GMT

First Gulf Properties Officially Launches as FAB Properties

This decision was issued following a series of market enhancements introduced by Tadawul and the Capital Market Authority (CMA) over the past two years.
March 29th, 2018 - 09:55 GMT

Saudi Stock Exchange Joins FTSE Global Equity Index Series

The bank closed the financial year 2017 confirming a strong financial and operational position locally and regionally.
March 28th, 2018 - 11:27 GMT

Burgan Bank Holds Annual General Assembly Meeting and 2018 Shafafiyah Forum

The Meeting Continued by Discussing the Agenda of the Ordinary General Assembly.
March 28th, 2018 - 10:19 GMT

Bahrain Islamic Bank Convenes Its Ordinary and Extraordinary Meeting for the Year 2017

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