CIS is the next frontier for Islamic banking expansion: Moody’s
Islamic banking will grow substantially in Commonwealth of Independent States countries in the next five years from a very low…
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PIFSS approves merger of KFH and Bahrain Ahli Bank
The Public Institute for Social Security has initially approved the merger of Kuwait Finance House and the Ahli United Bank…
Qatar’s Islamic finance sector to get central regulation; profitability remains high
The Islamic finance sector in Qatar is moving towards a higher level: Efforts are underway to standardise and centralise the…
Abyaar Real Estate swings to losses in Q2
Abyaar Real Estate Development turned to losses during the second quarter of 2019. Net losses stood at KWD 19.67…
Turkey’s seasonally adjusted jobless rate hits highest on record
Turkey’s seasonally adjusted unemployment rate climbed to its highest level on record, statistical data showed on Thursday, despite a slight…
Dubai’s a city in constant reinvention mode
“No city exists in the present tense” wrote James Stephens in 1923. “It is the only surviving mass statement of…
QSE witnesses weakened buying interests of local retail investors, domestic funds
The Qatar Stock Exchange on Thursday witnessed weakened buying interests of local retail investors and domestic funds; leading it to…
IBC Group contracts BHHS Gulf Properties for an advisory brokerage role
UAE-based IBC Group has announced that it intends to acquire 10,000 premier properties in Dubai, to furnish and manage as…
Dubai International Financial Centre the End to End of Service Gratuity
Hot on the heels of recent updates to the DIFC employment law, DIFC Employment Law No. 2 of 2019, the…
Israel's Bank Hapoalim profit misses estimates as loan provision spikes
Bank Hapoalim today announced its financial results for the second quarter ended June 30, 2019. Key financial highlights: …
Egyptian tycoon and Mubarak ally Hussein Salem dies
Hussein Salem, one of Egypt’s most prominent businessmen and an ally of deposed president Hosni Mubarak, died in Spain on…
UAE's The First Group eyes expansion after $135m sukuk deal
Shuaa Capital on Thursday announced the issuance and placement of a $135 million dollar-denominated five-year sukuk for The First Group…