SWFs see a more challenging investment environment in a bi-polar world
The International Forum of Sovereign Wealth Funds (IFSWF), a global network of almost 40 sovereign wealth funds, and Invesco, one…
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Egypt's IDB prepares to launch full range of digital banking services
The Industrial Development Bank (IDB) has completed a full digital overhaul and modernisation of its technological infrastructure, according to the…
GCC sovereign sukuk issuance to rise in H2 2020
A recovery in market conditions and an increase in the borrowing requirements of the world’s largest sukuk sovereign issuers including…
KHCB signs Sukuk Murabaha agreement with BHB
Khaleeji Commercial Bank has recently signed an agreement with Bahrain Bourse allowing the Bank to utilise the Ijara Sukuk issued…
Israeli, UAE law firms to collaborate on framework for business ties
The Israeli law firm Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. (GKH) and BSA Ahmad Bin Hezeem & Associates…
'It’s been a challenging year': Dubai loosens alcohol laws to ease economic slump worsened by coronavirus
Dubai again has loosened laws governing alcohol sales and possession of liquor as the sheikhdom tries to claw its way…
Barclays names Philipp Gillmann Managing Director and Head of Logistics Banking EMEA
Barclays Investment Bank today announces the appointment of Philipp Gillmann as a Managing Director and Head of Logistics Banking EMEA.…
Strong sovereign support continues to drive most Islamic bank ratings
The Issuer Default Ratings (IDRs) of Islamic banks in the Gulf Cooperation Council (GCC) region are all investment grade, Fitch…
Qatar- QSE declines on selling pressure from banking segment
The Qatar Stock Exchange on Thursday declined 47 points and its barometer reached less than 9,800 levels, mainly on higher…
Total assets of 18 listed national banks rise to AED3 trillion by end of June
Total assets of the 18 listed national banks rose to around AED3 trillion in H1-2020, up 8.2 percent, compared to…
Analysis: Banks in the Gulf Cooperation Council Embracing Digital Solutions
Abu Dhabi Islamic Bank (ADIB) has launched its digital booking service enabling customers to schedule their branch visits ahead of…
QFC-based corporate banks’ net profits jump 9-fold; assets grow 34%
The Qatar Financial Centre (QFC)-based corporate banks’ net profits saw nine-fold year-on-year jump and total assets grew 34%; and their…