QIB introduces suite of Takaful products on mobile App
Qatar Islamic Bank has become the first bank in Qatar to provide Takaful plans for customers on its mobile App,…
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UAE banks lay off 930 employees, close 49 branches
UAE banks have laid off 930 employees, with local banks closing down 49 branches in the third quarter of 2019.…
Kuwait lawmakers okay amendments to bank regulation law
Kuwait's parliament, in the first and second deliberations, has given the thumbs up to a proposal for a law aiming…
Middle Eastern families look west for wealth structuring
Jersey, Singapore, Switzerland and Guernsey have been ranked as the four most favoured jurisdictions by advisers to Middle Eastern families…
Abu Dhabi plans $2.7billion in public-private partnership tenders
The leadership in the Abu Dhabi emirate will procure approximately $2.7billion of infrastructure projects in 2020 under the public-private partnership …
Almost 74,000 Middle East millionaires control Dh2.75T wealth
The population of very high net worth individuals - those with a net worth of $5 million to $30 million…
Egypt plans to resume IPOs of parastatals
Egypt’s Minister of Public Enterprise said that the government plans to resume its programme to offer stakes in state-run firms…
Banque du Caire posts 60% rise in net profit in 2019
Banque du Caire reported a 60% year-on-year hike in its net profits after taxes during 2019. The lender’s net…
Dubai Economy and six banks launch KYC consortium
Dubai Economy, along with Emirates NBD, Emirates Islamic, HSBC, RAKBank , Abu Dhabi Commercial Bank and Commercial Bank of Dubai,…
Why so few green sukuk? Sector still faces longstanding challenges, say practitioners
Green sukuk have gained popularity over the last few years among issuers and investors but they remain a small part…
Ithmaar Bank reports stable, consistent growth
Ithmaar Bank has announced its financial results for the year ended 31 December 2019. The announcement, by Ithmaar Bank…
Islamic Development Bank sells $2bln five-year sukuk – document
Jeddah-based Islamic Development Bank sold $2 billion in five-year sukuk at 40 basis points over mid-swaps, a document from one…