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UAE’s First Gulf Bank plans to double paid-up capital

UAE’s First Gulf Bank plans to double paid-up capital

First Gulf Bank, the second-largest bank by market capitalisation in Abu Dhabi, approved plans to double its paid-up capital through a bonus share issue, the bank said in a statement on Thursday.

March 1, 2012 1:57
 
US targets Dubai Bank over Iran sanctions

US targets Dubai Bank over Iran sanctions

Dubai-based Noor Islamic Bank has been forced by the United States to cut off its banking business with Iran as part of wider US efforts to pressure Tehran over its nuclear programme.

February 29, 2012 1:34
 
Dubai’s Noor Islamic ended business with Iran banks in Dec

Dubai’s Noor Islamic ended business with Iran banks in Dec

Dubai's Noor Islamic Bank ended business relationships with Iranian banks in December last year as a pre-emptive action in relation to US sanctions, Noor said in an email on Wednesday.

February 29, 2012 1:18
 
Nomura gets Saudi nod to offer stock market access

Nomura gets Saudi nod to offer stock market access

Japanese bank Nomura has gotten regulatory approval to offer foreign investors access to Saudi Arabia's stock market, joining a growing list of banks beefing up their presence ahead of anticipated market liberalisation.

February 27, 2012 1:15
 
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