People problems between the Gulf and the Horn of Africa
There is a lot of money, or at least the prospect of it, flowing into East Africa and the Horn…
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Bin Shafar appointed as IDEA Board Member Emeritus
Bin Shafar was offered this position in recognition of his extensive contributions to the organization during a six year tenure…
Banks Legal & Corporate Services promotes newest Partner
Banks Legal & Corporate Services has announced the promotion of Amir Dahbain as its newest partner. In the partnership Amir…
ALAFCO closes $470m 5 year unsecured Murabaha Facility
ALAFCO closed a USD 470 million 5-year unsecured Murabaha facility on 24th June 2019. The financing facility was led…
UAE monetary base up to AED396.2 bn in May
The UAE Central Bank has announced government deposits increased to AED297.8 billion in January, with monetary deposits and quasi-monetary deposits…
Muscat bourse closes lower
Continued selling pressure in MSM stocks dragged MSM30 Index lower by 0.33 per cent on Monday before closing at 3,911.22…
Islamic finance industry to sustain growth in 2020
The Islamic finance industry will continue to grow slowly in 2019-2020, S&P Global Ratings said in a new report Monday.…
Qatar attends Arab finance ministers' meeting
The Arab Finance Ministers' emergency meeting started at the Arab League Secretariat headquarters, under the chairmanship of Tunisia, to discuss…
CEO of Abu Dhabi's ADSS to leave brokerage
The chief executive of Abu Dhabi’s ADSS, a brokerage and trade services provider, will be leaving the firm shortly to…
Deutsche Bank helping Qatar raise funds to buy European football club
Deutsche Bank is helping Qatar raise money to buy a top European football club, a source close to the deal…
Bank ABC first to launch biometric identification
Bank ABC’s new mobile-only bank will be able to onboard customers using US-based Jumio’s biometric-based identity verification technology, under a…
Saudi and U.A.E. Bank Revenue Seen Pressured by U.S. Rate Cuts
Saudi Arabia and United Arab Emirates banks may have their annual revenue estimates cut by one or two percentage points…