NBE, Banque Misr raise limits on card usage abroad
Vice chairperson of the National Bank of Egypt Yehia Aboul Fotouh said that the bank will raise the limit previously…
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Barclays Compass: Developed Markets Continue To Lead
The findings of the latest Barclays “Compass” report, which includes the Bank’s tactical recommendations to portfolio asset allocations, were recently…
Earnings impaired: Listed banks’ Q3 report card
The third quarter of 2016 was a generally lacklustre earnings season for banks in the UAE, reflecting a trickier operating…
UAE residents' bank accounts balloon to Dh1,321.8 billion
While government deposits are on a decline amid the oil slump, UAE residents continue to build their wealth, with the…
Kuwait's Gulf Bank Q3 Net Profit Rose By 10 Pct
Gulf Bank, Kuwait's fourth largest lender by assets, reported a 10 percent rise in third quarter net profit on Sunday. …
Qatar mulls Monte dei Paschi's $5.5bn cash call
Qatar's sovereign wealth fund has expressed a preliminary interest in backing Monte dei Paschi di Siena's 5 billion euro ($5.56…
QInvest reports 18% revenue boost in 9M16
Revenues increased to $92.5 million, QAR337 million up 18 per cent compared to the same period in 2015, while operating…
Investors Watching Closely Egypt And The U.S. Elections
Investors will be watching closely this week the market in Egypt and the U.S. elections. Egypt floated its currency…
Tijari records net profit of KD 27.5 mln for 9M – Total assets reach KD 4,047 million
Commercial Bank of Kuwait announced net profit of KD 27.5 million for the nine months period of 2016 compared with…
Mideast Stocks-Profit taking hits Gulf equities after oil tumbles
Profit taking hit major equity markets across the Gulf in early trade on Sunday after crude oil suffered its biggest…
IIRA reaffirms ratings of Jordan Islamic Bank – November 2016
On the international scale, ratings have been reaffirmed with foreign currency rating at ‘BB+/A3’ and local currency rating at ‘BBB-/A3’. …
Social impact of Islamic Finance
The recent Global Islamic Economy Summit, provided numerous valuable insights into the future of the burgeoning Islamic Economy. According…