Business Blog

Saudi bank merger outlook to be clear by end-Q1: central bank chief

Proposed merger of Saudi British Bank (SABB) and Alawwal Bank will become clear by the end of the first quarter of 2018.

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UAE's Dana Gas sukuk drop after settlement talks fail to yield settlement

Prices of about $700mln of sukuk issued by United Arab Emirates energy producer Dana Gas fell by around three points on Thursday.

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Dubai Islamic Bank weighs capital-raising in 2018- CEO

Dubai Islamic Bank plans to raise capital in 2018 to help support an expected double-digit rise in loan growth.

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Saudi businessman Mulhem released in anti-corruption probe: sources

It wasn't known on what terms Mulhem was released, or what allegations he faced

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Head of Islamic finance body AAOIFI resigns

Saudi-born Merah took the role in September of 2014, helping oversee the most significant overhaul of AAOIFI's activities

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Mideast factors to watch on January 28

Oil buoys Gulf markets, Qatar and Saudi lead
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