Emirates Islamic posts strong profit growth in first quarter
Emirates Islamic, an Islamic financial institution belonging to Emirates NBD Group, reported on Wednesday a net profit of Dh221 million…
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Dubai's Emirates NBD Q1 profit rises 4 pct, meets forecasts
Emirates NBD, Dubai's largest lender, reported a 4 percent rise in first-quarter net profit on Wednesday as expenses and provisions…
Kuwait's embassy in Washington holds dinner banquet for Speaker AlGhanim
Kuwaiti Ambassador to Washington Sheikh Salem Abdullah AlJaber AlSabah held late Tuesday a dinner banquet in honor of the National…
UAE advisers must adapt to regulatory truth
The scale of regulatory change facing advisers in the Middle East will force major changes on The scale of regulatory…
Paul Evans to replace Brendan Dolan as UAE head at Old Mutual
Paul Evans has been named as Old Mutual International’s new head of region for the Middle East and Africa, taking…
Expat cities among the most expensive for rent
Hong Kong, Dubai and Singapore are some of the most expensive cities in the world when it comes to how…
Albaraka Turk secures $213mln Islamic loan
Turkish Islamic lender Albaraka Turk has secured a $213 million murabaha-based loan syndication, up from the $150 million it initially…
Your Taxes: Why the Banks are Cranky
They say a leopard never changes its spots. But in recent years Israeli banks have gone from turning a blind…
Dubai bank Emirates NBD Q1 net profit rises 4 pct
Emirates NBD, Dubai's largest lender, posted a four percent rise in first-quarter net profit on Wednesday. The bank made…
UAE banks go conservative in lending, impacts profitability
Profitability of UAE banks continues to be under pressure, largely driven by conservative lending, although liquidity and risk metrics have…
Tadawul index slips 1%
The Tadawul All Share Index slipped 1 percent on Tuesday. Some investors have been worried by the fact that…
Saudi likely to resume local debt issues: Al Jadaan
Saudi Arabia is likely to resume domestic government debt issues within a couple of months, Finance Minister Mohammed Al Jadaan…