Saudi Trade Finance Summit opens in Jeddah
Under the theme “Shaping the Kingdom’s Economy: A bright future unfolds, the 4th annual Saudi Trade Finance Summit is bringing…
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Saudi Oger said near $1.1b deal to sell Arab Bank stake
Saudi Oger Ltd reached a preliminary agreement to sell its 20 per cent stake in Jordan’s Arab Bank Plc to…
Why Saudi Arabia has stopped panicking about its U.S. assets
Saudi Arabia appears far less worried that its U.S. assets could be seized under lawsuits filed by 9/11 victims. …
Egypt, Saudi bourses hit by profit-taking
Profit-taking hit stocks in Egypt and Saudi Arabia on Monday following strong rallies in both markets, while general weakness in…
Aspirations to create the Islamic mega bank continue amid difficulties
The Global Islamic Economy Summit 2016 held last month in Dubai highlighted a broad variety of topics related to Islamic…
Bahrain's Ibdar launches parallel Shari'ah Trade Finance Fund
Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has announced the launch of the Barak Ibdar Shari’ah Trade Finance Fund, a…
Global reports KWD8.9 million fee revenues, KWD1.6 million net profit for 9M 2016
Global announced its financial results for the nine months ended 30 September 2016 reporting fee revenues of KWD8.9 million and…
Qatar Islamic Insurance wins ‘Family Takaful Company of the Year’ award
Qatar Islamic Insurance was awarded the “Family Takaful Company of the Year” at the ‘3rd Middle East Insurance Industry Awards…
Largest Wealth Fund Finds Value in Israeli Banks After Job Cuts
Israeli banks, criticized for years as wasteful by their regulator, are attracting interest from the world’s top investors after announcing…
Aspirations to create the Islamic mega bank continue amid difficulties
The Global Islamic Economy Summit 2016 held last month in Dubai highlighted a broad variety of topics related to Islamic…
Saudi Fund Said to Explore Asset Sales for Overseas Deals
Saudi Arabia’s sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, according to…
National Bank of Abu Dhabi becomes market maker for Nasdaq Dubai equity futures
• Addition of prominent UAE bank will support further rapid growth of market • 160,552 contracts have traded…