ICD, Türkiye Wealth Fund and Catalyst Group cooperate to develop mortgage sector of Turkey
Türkiye Wealth Fund, The Islamic Corporation for the Development of the Private Sector, the private sector arm of IDB Group,…
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Saudi Arabia avoids financial crisis – now for the hard part
Saudi Arabia has dodged a financial crisis due to low oil prices by slashing state spending and borrowing tens of…
QIA’s foreign assets to remain untouched
In a strategic move, the Government of Qatar has decided to leave alone and not to tap the Qatar Investment…
Dubai’s Largest Bank Will See Customer Cheques on a Blockchain This Year
UAE retail banking giant Emirates NBD will introduce blockchain technology into cheques to minimize fraud and strengthen their authenticity. …
The biggest challenge family businesses across GCC region are facing is the transition to the third generation
According to a study from the Family Business Council Gulf, US$1.2 trillion to $1.3tn – without considering any offshore assets…
Turkey Plans to Let Banks Securitize Loans to Spur Growth
Turkey is working on legislation to allow commercial lenders to securitize and sell all of their $515 billion of outstanding…
UAE central bank survey shows modest growth in credit appetite
Demand for business credit and personal loans in the United Arab Emirates increased modestly in the January-March quarter because of…
Growth in real estate and SMEs key to Saudi Vision 2030 success
At the beginning of 2017, the Kingdom of Saudi Arabia launched a housing programme designed to handover up to 120,000…
Globaleye hires compliance officer as UAE rules tighten
Dubai-headquartered IFA firm Globaleye has hired a regulatory compliance expert to ensure the company meets the rapidly growing demands of…
Qatar National Bank plans to apply for Saudi investment banking licence
Qatar National Bank, the largest bank in the Middle East and Africa, plans to apply for a licence from Saudi…
'PIMPED OUT BY BOSS' Married banker, 36, ‘pimped out’ to wealthy Arab client in bid to land £25m account and ‘threatened with the sack if she didn’t go for dinner date’
A married senior banker was “pimped out” by her boss in a bid to get a wealthy Arab client to…
Turkish wealth fund head says signed Islamic mortgage deal with IDB
Turkey's new sovereign wealth fund has signed a framework agreement with an Islamic Development Bank unit to develop Islamic mortgages…