QIB named ‘Best Islamic Bank in Qatar’ by EMEA Finance
Qatar Islamic Bank has been named ‘Best Islamic Bank in Qatar’ for the third consecutive year in the 12th edition…
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Former Barclays CEO suggested side deal to feed Qatar’ extra cash, London court hears
Former Barclays chief executive John Varley first suggested the bank could use a side deal to satisfy Qatar’s demands for…
Bahrain’s Mumtalakat raises $500 mln in Islamic bonds
Bahrain's sovereign wealth fund Mumtalakat raised $500 million in sukuk, or Islamic bonds, on Tuesday, a document by one of…
BNP, Citigroup among most exposed in Mideast’s biggest default
BNP Paribas SA and Citigroup Inc are among global banks with the most exposure to about $14 billion (Dh51.4 billion)…
Sheikh Mohammed enacts amendments to DIFC Employment Law
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, ratified amendments by the Dubai International…
Lebanon’s Bank Audi Is Said to Receive Interest in Egypt Unit
Bank Audi SAL received several expressions of interest to buy its Egyptian unit, according to an official from the bank.…
Mohammed bin Rashid enacts amendments to DIFC Employment Law and new Employment Regulations to introduce end of service savings plan
Government of Dubai Media Office: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the…
GCC projects signal strong prospects for steel
The construction of several mega projects across the GCC will continue to fuel the demand for steel and steel products,…
KIB awarded 'Fastest Growing Islamic Bank MENA' 2019
In recognition of its remarkable growth in the banking sector, Kuwait International Bank was awarded ‘Fastest Growing Islamic Bank MENA’…
Dubai business licence issuance up 90% in 2019
Dubai issued 38,377 new business licences in 2019, a record growth of 90 percent compared to 2018 (20,129), a report…
Saudi Q4 earnings outlook for equities, petrochem, banks and F&B
Financial earnings of Saudi Arabia’s listed companies are expected to be mixed with large cap stocks expected to lead the…
Quarter of Middle East's wealth management clients planning to switch
Around a quarter of wealth management clients in the Middle East are planning to move assets in the next three…