Barclays gives back with the launch of “Payroll Giving” initiative
In support of the UAE’s Year of Giving, Barclays has partnered with Al Jalila Foundation, UNICEF and SOS Children’s Villages…
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SIB’s nine-month net profit up 7.2% to Dh335.8m
Sharjah Islamic Bank reported a net profit of Dh360 million for the first nine months of 2017, up 7.2 per…
Saudi Sovereign Wealth Fund Is Said to Hire Real Estate Head
Saudi Arabia’s sovereign wealth fund hired the head of Qatar Investment Authority’s real estate arm as chief development officer earlier…
UAE all set to meet Basel III capital rules
UAE banks are all set to achieve a minimum common equity Tier-1 capital (CET 1) ratio of 12 per cent…
QIIB seeks global partnerships
QIIB is seeking new partnerships with international financial and banking institutions as the bank’s leadership met top executives on the…
FAB Recognised as Safest Bank in the UAE and the Middle East
First Abu Dhabi Bank, the UAE’s largest bank and one of the world’s largest financial institutions, has been named the…
Can the UK make the most of sukuk, the Islam-compliant bond?
Earning interest, or Riba, is forbidden under Islamic law: “Allah allows trade, but forbids interest,” says the Qu’ran, the…
Doha freezes bank accounts over row
A controversial member of Qatar’s royal family yesterday said that Qatari authorities have frozen his bank accounts over his role…
Salesman jailed for defrauding bank of Dh635,000 in Dubai
A bank salesman, who defrauded his workplace of Dh635,000 after submitting forged documents needed to obtain a loan and a…
Average yields fall on Egypt's three and nine-month T-bills
Average yields on Egypt's three and nine-month treasury bills fell at an auction on Sunday, central bank data showed. …
Emirates Islamic Bank ties up with wasl Asset Management Group to offer attractive home finance packages for wasl1 project
Emirates Islamic has announced that it has tied up with wasl Asset Management Group to offer attractive home finance facilities…
Qatar National Bank aims to refinance $3 bln loan by year-end –sources
Qatar National Bank, the largest Gulf Arab bank, has approached commercial banks for the refinancing of a $3 billion loan…