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Middle East funds say bullish on stocks, but split on Kuwait

Middle East fund managers are strongly positive toward fixed income in the region because of expanding international bond issuance and they also plan to increase their equity holdings, a monthly…

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French firm plans Abu Dhabi base for Sharia-compliant aircraft finance

French investment and financial services firm Natixis is working on setting up an aircraft investment platform in Abu Dhabi Global Market (ADGM), a financial free zone, offering Sharia-compliant financing options,…

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Union National Bank Q4 profit up 29%

Union National Bank, 50 percent owned by the Abu Dhabi government, on Tuesday posted a 29 percent rise in fourth-quarter net profit, missing analysts’ forecasts. The fifth largest lender in…

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Date set for launch of UAE’s new $181bn mega bank

The merger of the National Bank of Abu Dhabi and First Gulf Bank will be official from April 1, with shares in the new company trading from the next day,…

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