Dubai Islamic 2016 profit up 6pc to $1.1bn
Dubai Islamic Bank (DIB) has reported a net profit of Dh4.050 billion ($1.1 billion) for 2016, an increase of 6…
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Sovereign Funds Own Nearly 40% of Total Capitalization of MENA Stock Markets
The oil slide weighing on fiscal balances in the GCC As discussed in Part 1 of this series, the…
Al-Arabiya Islamic Bank Selects ICS BANKS ISLAMIC System from ICS Financial Systems
The signing ceremony took place in Amman Jordan Attending the ceremony were the General Manager of Al-Arabiya Islamic Bank; Mr.…
Ministry of Finance adopts electric-powered vehicles
The Ministry of Finance, MoF, signed a Memorandum of Understanding with Emirates Transport to provide the Ministry with electric-powered vehicles. …
Leading Bahrain banks back financial forum
Some of the leading banks and financial institutions are supporting the 6th GCC Financial Forum to be held in Bahrain…
Evercore to plan Dubai office amid Aramco IPO talks
Evercore Partners Inc, the investment bank founded by Roger Altman, is planning to open an office in Dubai as it…
Saudi KBW Group launches Islamic fund
I founded KBW Investments four years ago with the idea that it would act as the vehicle for most of…
Sweeping Law Changes Open Way For Foreign Investors
Bahrain is throwing open doors to business by easing rules for starting and running companies for foreign investors. The…
AAOIFI unveils new Islamic Shari'ah standard on gold
The new Standard was officialy unveiled at a launch event in Dubai on 5 December 2016 where the Accounting and…
Financial Comparison Site Compareit4Me Looks To Sell Insurance In Saudi Arabia
On a Thursday morning in December, Jon Richards is holding a Christmas ornament auction at his Dubai office. He…
Saudi women just took over 3 top financial posts in the kingdom
Not one, not two, but three women have taken on powerful financial roles in Saudi Arabia in the past week. …
Dar Al Sharia wins ‘Mohammed Bin Rashid Al Maktoum Business Innovation Award’
Dar Al Sharia, a subsidiary of Dubai Islamic Bank, won the ‘Mohammed Bin Rashid Al Maktoum Business Innovation Award’ in…