Fitch says Saudi Islamic lenders face tougher market
Saudi Arabia’s Islamic lenders are likely to face economic headwinds and lower profitability because of the prolonged low oil prices…
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Gulf Bank appoints new CEO
Gulf Bank has announced the appointment of Mr. Antoine Daher as Chief Executive Officer, effective 1 December 2016, following the…
Accounting meets religion in challenge for Islamic banks
Reconciling accounting standards and religious principles is challenging Islamic banks and regulators as they adapt to new international book-keeping rules…
Islamic Development Bank sets final guidance for 5-yr sukuk
The Islamic Development Bank has set at 45 basis points over mid-swaps the final spread of its planned five-year sukuk,…
Commercial Bank of Dubai to Target Tech-Savvy Citizens with Digital-Only Bank
The Commercial Bank of Dubai is getting ready to launch a mobile app-based digital bank for its clients in a…
Emirates NBD announces mePay service upgrade
Emirates NBD has announced an upgrade to its widely used mePay service by enabling cash transfers to recipients who are…
Doha Bank bags 3 awards
Doha Bank has again bagged top honours at ‘The Banker Middle East Industry Awards 2016’ in three main categories, it…
Commercial Bank of Qatar launches 5-year plan to stem losses
Commercial Bank of Qatar will cut its exposure to the property market and lend more to the public sector as…
GFH Capital appoints new senior executive officer
GFH Capital appointed Luay Ahmadi as its senior executive officer to lead the Dubai-based investment bank. In his new…
Financial services firms prepare for CRS implementation
The UAE’s Ministry of Finance and the Central Bank of the UAE are working with banks and other financial services…
Islamic finance body approves regulations for gold-based products
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions said yesterday it had approved a syariah standard for gold-based…
Ayala, Filinvest eye Middle East projects
Real estate giants Ayala Land Inc. and Filinvest Land Inc. are exploring expansion opportunities in the Middle East, Philippine Economic…