Bahrain’s Ithmaar Bank plans aggressive expansion in Pakistan

Dubai: Bahrain-based Ithmaar Bank plans to add more than 100 branches in Pakistan this year through its subsidiary Faysal Bank, to capitalise on the country’s low penetration rate of banking services, a senior executive said. Ithmaar Bank owns 66 per ... ( read original story ...)

Bahraini bank plans aggressive expansion in Pakistan

Al-Mutawa was speaking after Ithmaar Bank's parent company, Ithmaar Holding, listed on the Dubai Financial Market on Monday. The company is already listed in Bahrain and Kuwait. "The listing is good news for the company for growth capital and we are well ... ( read original story ...)

UAE-based real estate investment trust completes $210m deals

It said Abu Dhabi Islamic Bank has contributed 165 residential units located in ... "This is our second REIT in the UAE to achieve critical size and attract key institutional investors and we are very pleased with the support we have received from our ... ( read original story ...)

Abu Dhabi Commercial Bank Q4 net profit up 7%

Abu Dhabi Commercial Bank posted a 7 percent rise in fourth-quarter net profit ... Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox. ( read original story ...)

Aramco IPO seen transforming global stocks with $1.5trn value

“People focus on Aramco as being the key thing,” said Salman Bajwa, chief executive officer of Dubai-based Emirates NBD Asset Management ... economic and markets space. The Aramco IPO will be the confirmation that one phase of structural reforms ... ( read original story ...)

Dubai bank hires woman for top Saudi job amid social change

Emirates NBD Capital, the investment banking unit of Dubai’s biggest lender, joined Citigroup and Samba Financial Group in appointing a woman to lead its operations in Saudi Arabia as the kingdom embarks on unprecedented economic and social changes. ( read original story ...)

UAE, Saudi business confidence dips over VAT launch

Business confidence in the UAE and Saudi Arabia dipped ahead of the launch of VAT due to concerns over increased consumer costs, according to a new survey. The survey of global CFOs and finance professionals conducted by the Association of Chartered ... ( read original story ...)