Islamic finance plays larger role in sustaining economic growth
With Islamic finance assets growing 7% to $ 2.2 trillion in 2016, and projected to reach $3.8 trillion by 2022,…
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Qatar to deepen venture capital financing for SMEs
Qatar seeks to deepen venture capital financing for small and medium enterprises, including startups, while looking to develop the regulatory…
Bahrain central bank raises key rate by 25 bps
Bahrain’s central bank said on Wednesday it was raising its key interest rate by 25 basis points after the US…
Saudi hopes purge will help push to join anti-illicit funding body
Saudi Arabia has high hopes that a campaign of arrests to crack down on corruption will improve its chances of…
KPMG revenues grow strongly to record $26.4 billion
Growth driven by client-focused investments in technology, innovative services, alliances and hiring Record high revenues for Fiscal Year (FY)…
Here’s $160 billion, yours free, no questions asked
This is not a joke, if you need the money that is. According to Wealth-X, a notable site tracking…
Gulf may have slightly firm tone in response to Fed caution
Gulf stock markets may have a slightly firm tone on Thursday after the U.S. Federal Reserve, while raising interest rates…
Central Bank of Bahrain endorses launch of Bahrain FinTech Bay
The Central Bank of Bahrain has announced a partnership yesterday officially endorsing the launch of Bahrain FinTech Bay and its…
Mashreq announces new Head of Corporate and Investment Banking
Abdelaal brings over two decades of experience in senior roles across international and regional banks, including Arab Bank, ABN AMRO…
Faysal Bank logs $36.3m net profit
ITHMAAR Bank, a Bahrain-based Islamic retail bank, announced Wednesday that its retail banking subsidiary in Pakistan, Faysal Bank Limited (FBL),…
Alwaleed’s investment kingdom reels without its prince
When Citigroup was battling to survive the financial crisis, Prince Alwaleed bin Talal was quick to come to the aid…
Saudi sovereign fund plans cinema venture with AMC Entertainment
Saudi Arabia’s main sovereign wealth fund said it planned to enter the cinema business with major U.S.-based movie exhibition company…