Dubai is Becoming a World Class Retail Capital
Dubai is Becoming a World Class Retail Capital High-profile investments and the introduction of “Vogue” Arabia are just the beginning…
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BRIEF-Kuwait's AQARAT FY profit rises
Kuwait Real Estate Company: * FY net profit 4.8 million dinars versus 4.2 million dinars year ago
eProseed migrates Al Rajhi Bank's DB systems to Oracle Exadata
In January 2016, Al Rajhi Bank, one of the largest financial institutions in Saudi Arabia and the Middle East, made…
Barclays faces new fight over ‘crash cash’ from Qatar
The City watchdog has reopened its investigation into Barclays’s £7.3 billion Middle East capital raising in 2008 that helped the…
Barclays Qatar Investigation Said to Be Re-Opened by U.K. FCA
The U.K. Financial Conduct Authority has re-opened its investigation into Barclays Plc’s 2008 emergency fundraising from Qatar despite issuing a…
Pakistani man steals KD 1 million
A Farwaniya prosecutor placed the name of a Pakistani expat on the wanted list as he was accused of stealing…
CIBAFI and IRTI launched this morning the third roundtable meeting of directors of operations and investment in Islamic financial institutions
The General Council for Islamic Banks and Financial Institutions, the global umbrella of Islamic financial institutions in collaboration with the…
Fostering continental development
Describe Doha Bank’s performance for 2016. What are the bank’s biggest achievements last year? The net profit of the…
GCC top bankers endorse company for settling payments
Governor of Bahrain Central Bank Rashid Al-Mearaj said on Thursday that governors of GCC monetary institutions and central banks adopted…
UAE’s first Wealth Sentiment Index reflects rise in business optimism levels
The UAE’s first Wealth Sentiment Index, launched by First Gulf Bank, rose by 0.4 percent to 1,024.61 in March from…
1MDB-hit UAE-owned Swiss bank Falcon posts $130mln loss for 2016
Falcon Private Bank, one of the Swiss banks ensnared in the Malaysian corruption scandal surrounding the troubled 1MDB fund, lost…
Falcon names new chairman, board members
Falcon Group, a Swiss private banking boutique, recently approved a new composition of the Board of Directors with Christian Wenger…