All Articles

FinTech

BML Istisharat, core banking and insurance software provider grows in the Middle East

September 22, 2016

Lebanon based BML Istisharat - a globally recognized business Solutions and Information Technology Services provider has had some encouraging developments…

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Awards and Recognition

Burgan Bank wins prestigious Thomson Reuters Lipper Award Burgan Equity Fund

September 22, 2016

Burgan Bank announced today that its Burgan Equity Fund has been named as the ‘Best Equity Fund over 10 years’…

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Comment & Analysis

GCC loan growth projected to decline to 6% in 2016

September 22, 2016

GCC's banking sector is expected face continued slowdown in growth, deterioration of asset quality, and reduced profitability in 2016, according…

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Comment & Analysis

Moody's: Prospects remain robust for Islamic finance despite subdued sukuk issuance

September 22, 2016

New sukuk issuance continues to remain subdued in 2016, but growth prospects for the Islamic finance sector are still strong,…

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Awards and Recognition

Lubna Al Olayan tops Forbes' list of most powerful Arab women

September 21, 2016

Saudi Arabia’s Lubna Al Olayan, who’s at the head of a family empire, tops the Forbes Middle East’s list of…

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Hedge Funds & Alternative Investments

Slowdown in Gulf, a soaring dollar take a toll on non­resident deposits

September 21, 2016

Deposits from non­resident Indians, an important source of US dollar funding for the Indian economy, is collapsing. It fell 60%…

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Financial Results

With a growth of 11.5% Jordan Islamic Bank records profits after tax of US$ 39.5 million for first half of 2016

September 21, 2016

By the end of the first half of 2016, Jordan Islamic Bank a subsidiary banking unit of Al Baraka Banking…

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Financial Results

Meethaq H1 net up 27.7%; board meets to review strategy

September 21, 2016

The Sharia’a Supervisory Board of Meethaq Islamic Banking conducted its fourth meeting of 2016 under the chairmanship of Sheikh Dr…

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Comment & Analysis

Saudi Crown Prince meets US officials, UN chief on sidelines of UNGA

September 21, 2016

Saudi Crown Prince Mohammed bin Nayef has met on Monday with United States Secretary of State John Kerry, Assistant to…

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Fraud & Ethics

The UAE stresses need to combat money laundering

September 21, 2016

With money laundering continuing to be a major concern across the globe, the UAE is making efforts to combat it…

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Financial Results

UAE Al-Futtaim's investments in Egypt currently exceed $1 billion

September 21, 2016

Dubai-based conglomerate Al-Futtaim Group's total investments in Egypt currently exceed $1 billion, said country head, Gamal Moharam announced Monday.  …

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Comment & Analysis

Gulf Bank lead sponsor of the Euromoney Kuwait Conference

September 21, 2016

Gulf Bank announces that it will be the lead sponsor of the upcoming 8th Euromoney Kuwait Conference. The Conference will…

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