Bahrain’s Al Baraka Islamic Bank Gets Approval to Operate in Morocco
After receiving approval from Morocco’s central bank, Al Baraka Banking Group will invest in the Moroccan Islamic banking sector by…
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Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to the international standard of automatic exchange of financial account information to tackle tax evasion and avoidance
The OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes announced today that Bahrain, Lebanon,…
QCB assures confidence in Qatar with a solid financial framework
Governor of Qatar Central Bank Sheikh Abdulla Bin Saoud Al-Thani explains the dynamic changes, both internally and externally, affecting the…
EFG-Hermes loses EGP 63m during Q1 of 2016
EFG-Hermes lost a total of EGP 63.7m during the first quarter of 2016, versus profits of EGP 181.65 during the…
Strong first quarter for QInvest
QInvest today announces a strong start to the year, with an increase of 36% revenues for the first quarter to…
Turkey to host Islamic 'megabank': Dep. PM Simsek
Turkish Deputy Prime Minister Mehmet Simsek said on Wednesday that the country will host an Islamic "megabank" within the year.…
Lloyd’s looks to boost insurance premiums in Middle East
Lloyd’s of London is banking on under-penetration in the Middle East region to boost its gross written premiums as the…
Path cleared for Bank Mellat’s claim against UK Treasury
The English Court of Appeal, presided by Lord Chief Justice Thomas of Cwmgiedd, on Tuesday delivered its Judgment in the…
Arabian Gulf Islamic banks to weather the storm
The profitability of Islamic banks in the Arabian Gulf is likely to deteriorate this year and the next as the…
Weak economy to weigh on Islamic banks: S&P
Weak economic environment will negatively weigh on the financial performance of Islamic banks in the Gulf Cooperation Council countries in…
More senior executives at Abu Dhabi bank FGB depart
First Gulf Bank's most senior investment banker and its head of global markets sales have both left their positions at…
Abu Dhabi announces successful issuance of benchmark dual-tranche 5 and 10 years, US$ 5bn bonds
The Emirate of Abu Dhabi today announced that it has successfully issued its benchmark dual-tranche 5 and 10 years, US$…