Transparency in Islamic Banking
Some critics have accused the Islamic Banking industry of not being transparent in its activities. They charge the industry of…
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Credit Suisse's Saudi Odyssey
Credit Suisse has been airing its ambitions for the oil monarchy for years now. Despite the bank’s good connections in…
Two Omani banks announce agreement to merge
Two of Oman's banks are likely to merge in the coming months, following an agreement being signed between the two…
Emirates Islamic strengthens commitment to Emiratisation
As part of the bank's strategy to boost nationalisation efforts, Emirates Islamic, one of the leading Islamic financial institutions in…
Bank launches home loans for non-residents to buy in the UAE
UAE-based Emirates Islamic has announced the launch of home finance solutions to help non-residents purchase property in the UAE. …
Saudi Arabia sends team of energy experts to South Africa
A technical team is set to visit the country to assess the country’s energy sector, following the conclusion of the…
Arabnet Kuwait to launch its latest report
Held under the patronage and with the participation of H.E. Khaled Nasser Abdullah Al Roudan, Minister of Commerce and Industry…
Fintech bolsters Bahrain’s bid to revive finance hub status
Bahrain rose to prominence as a financial centre during Lebanon’s civil war more than 30 years ago, usurping Beirut as…
Saudi Arabia, Kuwait, UAE deposit over $1 bln in Jordan Central Bank
Saudi Arabia, Kuwait and the United Arab Emirates have placed over $1 billion (approximately Dhs 3.67 bln) in deposits at…
Sabb and Alawwal approve merger to create third-largest Saudi bank
The boards of Saudi British Bank (Sabb) and Alawwal bank approved a merger agreement between the two lenders that will…
Commercial Bank ‘committed’ to Turkey on long term: CEO
Commercial Bank is “committed to Turkey on a long-term” and considers it a “very important market”, said Group CEO Joseph…
Turkey Arrests hundreds of Suspects in Money-Laundering Probe
Turkish police detained 280 suspects in a money-laundering investigation into the transfer of about 2.5 billion lira ($419 million) worth…