GCC Islamic banks among most efficient worldwide
Islamic banks in the Gulf Cooperation Council rank among the top 20 of most efficient Shariah-compliant financial institutions worldwide, a…
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JPMorgan appoints Bader Alamoudi head of business in Saudi Arabia
JPMorgan Chase & Co has appointed Bader Alamoudi as senior country officer for Saudi Arabia and general manager of JPMorgan…
Samba Financial Group latest Saudi bank to report drop in profit as bad loans weigh
Samba Financial Group became the latest Saudi bank to report a drop in third quarter earnings, as the kingdom's thirdlargest…
Two of the Middle East’s Biggest Banks Have Partnered on a Blockchain Project
Another pair of banks just announced their adoption of blockchain, the newly emerging technology that powers bitcoin. Emirates NBD, Dubai’s…
Bank Leumi to Pay $1.6 Million for Illegal US Cross-Border Business
The US Securities and Exchange Commission has issued a statement saying that Israel-based Bank Leumi has agreed to admit wrongdoing…
The private banking environment is very competitive, says LGT's Peter Schaer
Peter Schaer, you have been working as a private banker in the Gulf Region for over 13 years now. Which…
Saudi woos bond investors but mum on oil
For Saudi Arabia, some things are better left unsaid. As they swapped their traditional white robes for business suits and…
3 reasons the emerging market rally is not over yet
Emerging markets have outperformed sharply so far in 2016. Within currency market, the Brazilian real, Russian ruble, and South African…
Egypt turning towards to China for investment
The presence of Chad and Senegal at the G20 summit in Hangzhou, China, was a given, as the former is…
Damac shares confirmed as sharia-compliant for Islamic investors
Shares of Dubai based Damac Properties are Sharia compliant for the purposes of investment and trading, according to Dar Al…
Bankers: UAE economy remains healthy and resilient
Though the UAE banking sector in the UAE is going through a difficult phase as the overall credit demand has…
Emirates NBD Asset Management Signs Agreement with UTI International for Indian Funds
Emirates NBD Asset Management today announced its collaboration with UTI International, one of India’s largest money managers. The agreement aims…