Creating a business environment for growth
Qatar is experiencing a distinctive economic phase during its transition away from reliance on hydrocarbons and towards a diversified knowledge-based…
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Commercial Bank workshop browses over its corporate Internet banking
Commercial Bank recently hosted the first workshop of a series planned for the year “to demonstrate the features and benefits”…
Saudi Arabia Closes Over 200 Bank Accounts Suspected of Sponsoring Terrorism
The ministry also pointed out that 117 nationals of different countries were charged with sponsoring terrorism in Saudi Arabia. …
Apicorp partners with Goldman Sachs
The Arab Petroleum Investments Corporation has inked an agreement with Goldman Sachs, the multinational investment bank, to create an investment…
QIB named the 'Best Islamic Financial Institution in GCC' by Global Finance
Qatar Islamic Bank, has been named ‘Best Islamic Financial Institution in Qatar and the Gulf Cooperation Council by the US-based…
Qatari connection casts long shadow over Barclays
On a balmy evening in 2007, the Tunisian wife of an Italian industrialist introduced a high-flying Scottish banker at Barclays…
Bank Nizwa reports first net profit since inception
Reflecting Islamic finance’s continued surge in popularity in Oman, Bank Nizwa reported its first net profit since its inception in…
Three European development banks, EU launch $151 mln green economy facility in Egypt
The European Bank for Reconstruction and Development, along with Agence Française de Développement, the European Investment Bank and the European…
Islamic finance aims for easier sukuk investment with proposed new standards
Two top standard-setting bodies are proposing new guidelines for Islamic bonds that could increase investment in the instruments by making…
Saudi Binladin creditors agree to $1.1bln financing extension
Saudi Binladin Group’s (SBG) creditors have agreed to extend by two years a 4 billion riyal ($1.1 billion) Islamic credit…
Merger of FGB, NBAD completed
The UAE market regulator, Securities and Commodities Authority, has issued a certificate completing the merger of First Gulf Bank and…
Dubai leads Arab start-ups
Two recent successes dominate the Middle East’s start-up landscape and are instructive about important trends in the sector. In February…