All Articles

Comment & Analysis

New Report Reveals World’s Ultra Wealthy Population Growing at Nearly Four Times the Rate of Previous Year

September 6, 2018

Wealth-X, the leading global wealth information and insight business, released the 6th edition of its annual World Ultra Wealth Report…

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FinTech

Wahed Invest robo-adviser expands with new Islamic index funds

September 6, 2018

New York-based Wahed Invest has launched two sharia compliant index-tracking funds under its robo-adviser platform, as the firm looks to…

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Awards and Recognition

ibq wins "Best Private Bank" award from Global Banking & Finance Review in London

September 6, 2018

International Bank of Qatar (ibq) has won “Best Private Bank” award from “Global Banking & Finance Review” during a ceremony…

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Investment Banking

EFG Hermes advises on $52m Oman IPO

September 6, 2018

EFG Hermes, a leading financial services provider, has concluded today its advisory to the Oman-based Dhofar Generating Company (DGC) on…

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Hedge Funds & Alternative Investments

Dubai wealth fund ICD launches new logistics firm

September 6, 2018

The Investment Corporation of Dubai, the principal investment arm of the Government of Dubai, has announced the launch of ISS…

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Hedge Funds & Alternative Investments

Egypt’s Aqarmap Secures Investment From Wamda Capital, KISP And Raed Ventures

September 5, 2018

Egyptian startup, Aqarmap, an online real estate marketplace, has secured investment from a trio of investors which include UAE’s Wamda…

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Executive Moves

Nomura Asset Management appoints EMEA Managing Director

September 5, 2018

Nomura Asset Management has announced the appointment of Peter Ball as Managing Director with responsibility for all aspects of distribution…

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Comment & Analysis

Islamic GCC Bond Sales Fall by 32 Percent Due to Oil Price Hike

September 5, 2018

The sale of Islamic bonds in the Gulf fell in the first half of 2018 as increasing oil prices lessened…

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Hedge Funds & Alternative Investments

Bahrain said to raise $500m as it awaits support from Gulf allies

September 5, 2018

Bahrain has raised $500 million from a private placement of bonds with five regional banks, giving the island-kingdom much-needed relief…

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Retail Banking

Citi wins tender to buy Israeli government's Bank Leumi stake

September 5, 2018

Citi won a tender to buy the Israeli government's remaining 5.37 percent stake in Leumi, the country's second largest bank,…

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Mergers & Acquisitions

Investcorp acquires minority stake in top Swiss bank

September 5, 2018

Bahrain-based Investcorp, a global provider and manager of alternative investment products, has announced that it has taken a strategic minority…

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Islamic Finance

Kuwait’s Warba Bank obtains capital increase approval from CMA

September 5, 2018

Kuwait-based Warba Bank has announced that it obtained Capital Market Authority’s (CMA) approval to increase its capital by 50 per…

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