Mashreq and Germany’s Commerzbank agree on a strategic cooperation
As part of the cooperation, Mashreq will establish a German Desk at their Head Office in Dubai. This new dedicated…
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UAE offshore companies: can they really compete?
The many advantages of a UAE offshore company The world of offshore companies and set up has been turned upside…
UAE’s non-oil trade reached Dh1.6tr in 2016
The UAE’s non-oil trade increased by 1 per cent in 2016 to reach Dh1.6 trillion compared to a year earlier…
Omani banks allowed to consider one per cent of non-funded credit for SME funding
Omani commercial banks can consider their non-funded credit to the extent of 1 per cent as part of the compulsory…
Standard Chartered Inks Zurich Deal
Standard Chartered Bank and Zurich Insurance Group have signed an exclusive decade long strategic partnership to offer life insurance. …
Warba Bank net profit rises 298% to KD 1.3m
Warba Bank, Kuwait’s best investment bank and corporate consultancy institute that operates according to the Islamic sharia, announced achieving excellent…
How the Super Rich Spend Their Money…in the Middle East?
For the past two decades, an exorbitant amount of wealth has been created in the Middle East. In fact,…
QIIB bags QDB Al-Dhameen best partner bank award
QIIB has bagged the “QDB Al-Dhameen best partner bank award” instituted for the “most important local banks that support” Qatar…
Financial sector, diversification to drive GCC growth
The International Monetary Fund has forecast the return of GCC countries to faster economic growth starting next year. Supported…
CBK to implement Sharia governance by year's end
The Central Bank of Kuwait on Sunday said that it was determined to develop the financial sector's workforce and that…
Dentons advises Damac on tender offer, sukuk
Dentons, one of the world's largest law firms, said it had played a key role in helping Damac, a major…
Ajman Bank reports Dh26m first quarter net profits
Ajman Bank on Sunday reported Dh26 million net profits for the first quarter of 2017, down 13 per cent compared…