Islamic Finance Gateway daily briefing

Kuwait central bank studying potential KFH-AUB merger

  

Wednesday, November 7, 2018 - The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services.

EDITOR'S CHOICE Abu Dhabi banks' merger at early stage, UAE cenbank governor says

The merger of three banks in Abu Dhabi is at an early stage, the United Arab Emirates central bank governor said on Tuesday.

Kuwait central bank studying potential KFH-AUB merger- Al Arabiya TV

Kuwait’s central bank is studying the “added value” that could arise from a potential merger between Kuwait Finance House and Bahrain’s Ahli United Bank, Al Arabiya TV said in a tweet on Tuesday. 

S&P says Gulf countries need to raise $300 billion by 2021

Gulf Cooperation Council (GCC) countries will need to raise about $300 billion between 2018 and 2021, with Saudi Arabia having the largest financing requirements, according to rating agency S&P.

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(Prepared by Mohaini Ibrahim) A service of Thomson Reuters and Zawya Islamic Finance Gateway. The contents of this Briefing are independently compiled by the Thomson Reuters and Zawya Islamic Finance Gateway Service, a business of the Global Growth and Operations Division. While material is drawn from Reuters News and other sources, Reuters has not participated in the selection of these articles.

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