Finally, India opens up to Islamic finance
After a long and politically motivated period of resistance against the introduction of an Islamic finance regulation framework in India,…
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BNY Mellon Appointed by Israel's Clal Insurance to Service Over $7 Billion of Assets
BNY Mellon, a global leader in investment management and investment services, has been appointed by Clal Insurance to provide global…
Dubai group said to work with Citigroup on sale of Bank Muscat stake
Dubai Financial Group is working with Citigroup to find a buyer for its stake in Omani lender Bank Muscat after…
Withdrawal of CBRs by foreign lenders weigh on Arab banks
Arab lenders had been witnessing withdrawal of correspondent banking relationships with the foreign counterparts - especially in the US, the…
Takaful players in Gulf Arab region face pressure on profitability
Profitability of the GCC Islamic insurance industry is expected to remain relatively weak during the current year and the year…
In Dubai real estate market, new price point to fight for
Properties in the Dh1-1.5 million range will be the new battleground as Dubai’s private developers take on the affordable homes’…
Social media users in UAE careful to guard privacy
With WhatsApp’s new plans to share some member data with Facebook, social media users say they’re more careful than ever…
SBP moves to boost Islamic finance
The State Bank of Pakistan has amended its regulations to exempt Islamic banks from using interestbased benchmarks for some of…
PYMNTS Daily Data Dive: A Glance At Global Finance
A whirlwind tour around the finance globe offers some interesting news and statistics. Trade finance showed the biggest drop in…
NBAD green bond delayed
NBAD was expected to issue the first green bond from a Middle East issuer last week after it wrapped up…
Gulf Arab states should develop green bond market for sustainable development
The global bond issues were more than $3tn this year with major issues coming from European Investment Bank - $62.86bn…
Dubai investment unit axes most of its staff
Istithmar World, the investment unit at the heart of Dubai’s financial crisis, has made most of its staff redundant as…