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Banking and Finance

Banking and Finance latest

International Islamic Trade Finance Corporation (ITFC) Signs US$750 Million Framework Agreement with Djibouti to Finance Strategic Trade in the Horn of Africa
June 21st, 2026 - 05:12 GMT

International Islamic Trade Finance Corporation (ITFC) Signs US$750 Million Framework Agreement with Djibouti to Finance Strategic Trade in the Horn of Africa

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$750 million Framework Agreement with the Republic of Djibouti to guide trade finance cooperation between the two parties from 2026 to 2029. The agreement was signed on the sidelines of the IsDB Group Annual Meetings in Baku by H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance, in charge of Industry, and IsDB Governor for the Republic of Djibouti, and Eng. Adeeb Yousuf Al Aama, Chief Executive Officer, ITFC. Under ...
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While remittances to India from the GCC is a given considering the huge Indian population, remittances to other parts of the world is also increasing.
September 14th, 2014 - 08:48 GMT

A good chunk: UAE Exchange claims 6% of global remittances

Al Bawaba
September 14th, 2014 - 10:12 GMT

Mashreq’s opens the Region’s Smart Banking branch in Al Ain

Al Bawaba
September 14th, 2014 - 08:43 GMT

IBQ awards latest lucky draw winner of thanq loyalty programme

Abu Dhabi Islamic Bank
September 14th, 2014 - 07:35 GMT

ADIB offers investors low-risk exposure to global sharia-compliant stocks

Al Bawaba
September 11th, 2014 - 05:47 GMT

Mashreq’s Business Loan winners drive off in their Ford Edge SUVs

The report also expects no near-term International Monetary Fund (IMF) engagement with Egypt.
September 10th, 2014 - 03:31 GMT

Despite the IMF's lack of involvement: GCC aid will be 'enough' to keep Egypt afloat, says Merril Lynch

Since EBRD started its operations in the Kingdom in 2012, it has invested 203 million euros (around $262 million) in seven projects in Jordan covering various sectors, according to a statement released Tuesday.
September 10th, 2014 - 03:12 GMT

European bank 'committed' to Jordan's economic development

Al Bawaba
September 10th, 2014 - 10:54 GMT

Gulf Bank hails the success of the 6th Euromoney Conference in Kuwait

Al Bawaba
September 10th, 2014 - 07:34 GMT

MasterCard works with Apple to integrate Apple Pay

Al Bawaba
September 10th, 2014 - 05:43 GMT

UAE Exchange scores half-a-million Facebook fans - the first remittance company to cross the milestone

The so-called offset programme was introduced in 1992 as a way of weaning Kuwait off its reliance on oil and gaining access to new technologies and training.
September 10th, 2014 - 03:55 GMT

Kuwait scarps 'offset program' to woe foreign investors

In an interview with Reuters, Global’s chief executive Maha Al Ghoneim said the company was now “debt-free” following its debt restructuring last year.
September 9th, 2014 - 04:50 GMT

Celebrating a new beginning: Kuwait's Global Investment House to be relisted as debt-free

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