Turnaround complete, Bank Leumi seeks U.S. expansion
Avner Mendelson has made progress over his five years running Bank Leumi USA. When Mendelson became the bank's CEO…
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How UAE rate hike will affect businesses, consumers
The key interest rate hike announced on Thursday by Central Bank of the UAE will have a sudden direct impact…
Israel's 30 Richest in 2018
As Haaretz's daily business newspaper TheMarker was totting up its list of the local superrich, things suddenly changed: Days after…
Masraf Al Rayan, Barwa Bank, IBQ call off merger plan
Masraf Al Rayan, Barwa Bank and International Bank of Qatar (IBQ) have called off their proposed three-way merger that otherwise…
Abu Dhabi, Qatar rise, but Dubai sags as Eid holiday begins
The Abu Dhabi stock exchange ended higher on Thursday, helped by shares in sector majors First Abu Dhabi Bank (FAB)…
Growing Islamic finance firms lobby Britain for tax relief
Firms involved in Islamic finance are lobbying the British government for tax reforms, arguing that the treatment of some sharia-compliant…
For Wealth Managers, Advanced Analytics Are a New Key to Success
Many wealth managers struggle to maintain their top-line margins despite strong growth in personal financial wealth and assets under management. …
Finally, a banking innovation beyond the ATM
When Paul Volcker, ex-chairman of Federal Reserve famously said in 2009 that “the only thing useful the banking sector invented…
‘Dubai leak’ exposes $110m dirty money
Dubai’s property market is being abused by money launderers, according to a campaign group which has published a report based…
National Bank of Fujairah to tap debt programme to fund growth
The National Bank of Fujairah, which counts the emirate’s government and Investment Corporation of Dubai among its shareholders, plans to…
Banks and Cryptocurrencies Global Evaluation: The Middle East
Arab markets were flooded with new investors in April after an Islamic scholar announced cryptocurrency is halal under Sharia law.…
Abraaj heads towards liquidation
Embattled Dubai-based private equity fund, Abraaj Capital, is planning to apply for provisional liquidation to fight back against two creditors…