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Latest Kuwait Banking News

  • Markets get week off to sluggish start 11 May 2008 14:37 GMT
    ... Markets get week off to sluggish start SLOW START: Kuwait, Oman, Qatar and UAE indexes all fell as banks and developers drag on main indexes. (Getty Images) Gulf markets got off to a sluggish ...

  • Anticipation Grows for Mina Al Fajer Resort Ahead of Property Show 11 May 2008 14:12 GMT
    ... large share of the company’s flagship project. Banking on its previous successes in Dubai, Qatar, Bahrain ... Dubai, Qatar, Bahrain and most recently in Kuwait, Mina Al Fajer’s participation in Cityscape Abu ...

  • Fujairah on the spotlight in Cityscape Abu Dhabi 11 May 2008 12:27 GMT
    ... large share of the company’s flagship project. Banking on its previous successes in Dubai, Qatar, Bahrain ... Dubai, Qatar, Bahrain and most recently in Kuwait, Mina Al Fajer’s participation in Cityscape Abu ...

  • KIPCO wins Deal of the Year' award for sale of Wataniya Telecom 11 May 2008 11:09 GMT
    ... the leading British financial services magazine ‘The Banker’ – took place at the Ritz Carlton Hotel ... private sector sale in the history of Kuwait, the biggest cross-border deal within the and ...

  • Islamic Bank of Asia sees shift in investor attitudes 11 May 2008 10:48 GMT
    ... (GCC) investors, Muslim and non-Muslim, for Islamic banking products, as they seek new investment opportunities. IB ... business with several prominent companies, including three Kuwait-based companies – the International Leasing and Investment ...

  • 4. Citigroup aims to sell $400B of assets 11 May 2008 10:29 GMT
    ... efficient. Citi, hit hard by the subprime mortgage meltdown, said it has about $500 billion ... troubled or risky loans tumbled. That forced banks like Citigroup to slash the value of their ... $7.5 billion in Citigroup. In January, the Kuwait Investment Authority and Saudi Arabia's Prince Alwaleed bin ...

  • Global Expands in Egypt Acquires two Leading Financial Companies 11 May 2008 08:15 GMT
    ... receive the same high quality of investment banking services, which our regional investors have come to ... the regulation of the Central Bank of Kuwait. Its underlying foundation is to meet the ...

  • Dubai gains as global banks vie for Gulf wealth fund fees 11 May 2008 08:15 GMT
    ... Dubai gains as global banks vie for Gulf wealth fund fees Published: ... Alberto Verme, the co-head of its investment banking unit in London to Dubai, is the ... East’s wealthiest clients. Abu Dhabi Investment Authority, Kuwait Investment Authority and Qatar Investment Authority are ...

  • GCC defends dollar peg, single currency deadline 11 May 2008 08:15 GMT
    ... Dollar pegs in all Gulf states except Kuwait compel their central banks to track the US Federal Reserve - ... He said GCC finance ministers and central bankers would meet to review the 2010 currency ...

  • GCC rules out revaluation, peg to stay 11 May 2008 06:17 GMT
    ... Dollar pegs in all Gulf states except Kuwait compel their central banks to track the US Federal Reserve -- ... He said GCC finance ministers and central bankers would meet to review the 2010 currency ...

  • Dubai Group launches Dh1b retakaful firm 11 May 2008 05:27 GMT
    ... was completed through Dubai Group’s subsidiary, Dubai Banking Group — the global Shariah-compliant investment company. The ... highlighted by our Al Fajer investment in Kuwait. Through our strategic investments, we will continue ...

  • Malaysian fund sells RHB Capital stake to Abu Dhabi Bank 11 May 2008 04:32 GMT
    ... to become one of the top three banks in the Southeast Asian region by 2020. ... banks' regional position in the global Islamic Banking market," EPF chief executive officer Azlan Zainol ... last year, EPF beat two rivals, including Kuwait Finance House, to gain control of RHB ...

  • Citi Aims To Trim Fat 11 May 2008 04:32 GMT
    ... Citi was one of the first U.S. banks to re-enter the securities business as the Depression-era ... said it residential assets in the U.S. mortgage market to 20.0% below 2007 levels. The ... in stock to additional investors including the Kuwait Investment Authority and Prince ...

  • Hedge funds to put down roots in Middle East 10 May 2008 20:10 GMT
    ... access remains restricted to mutual funds. Only Kuwait offers futures equities contracts. A tenet of Islamic ... than remaining invested. Moreover, as global investment banks have flocked to the region, they have ... a month and has $50m under management. Bankers are calling for regulators to issue new ...

  • Global Investment House Kuwait Al Khalij Commercial Bank Initial Research Report- 10 May 2008 19:00 GMT
    ... Al Khalij Commercial Bank (Al Khaliji) was incorporated as ... Doha. Al Khaliji is engaged in commercial banking activities in accordance with its memorandum and ... first Islamic banking transaction with other international banks in a major financing for Barwa Real ...

  • Dubai Group in $300m ReTakaful JV 10 May 2008 11:49 GMT
    ... was completed through Dubai Group’s subsidiary, Dubai Banking Group - the global Shari’ah-compliant investment company. The ... highlighted by our Al Fajer investment in Kuwait. Through our strategic investments, we will continue ...

  • 1. Citigroup aims to sell $400B of assets 10 May 2008 11:37 GMT
    ... efficient. Citi, hit hard by the subprime mortgage meltdown, said it has about $500 billion ... troubled or risky loans tumbled. That forced banks like Citigroup to slash the value of their ... $7.5 billion in Citigroup. In January, the Kuwait Investment Authority and Saudi Arabia's Prince Alwaleed bin ...

  • Dubai Group launches reinsurance arm 10 May 2008 10:48 GMT
    ... was completed through Dubai Group’s subsidiary, Dubai Banking Group - the global Shariah-compliant investment company. The ... highlighted by our Al Fajer investment in Kuwait. Through our strategic investments, we will continue ...

  • Dubai Group launches world's largest reinsurance company 10 May 2008 10:48 GMT
    ... was completed through Dubai Group’s subsidiary, Dubai Banking Group - the global Shariah-compliant investment company. The ... highlighted by our Al Fajer investment in Kuwait. Through our strategic investments, we will continue ...

  • Dubai Group launches world's largest reinsurance company in joint venture... 10 May 2008 10:36 GMT
    ... was completed through Dubai Group’s subsidiary, Dubai Banking Group - the global Shari’ah-compliant investment company. The ... highlighted by our Al Fajer investment in Kuwait. Through our strategic investments, we will continue ...


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