Kuwait's Boubyan Bank targets $250m sukuk sale
Kuwait's Boubyan Bank is aiming to sell $250 million in capital-boosting sukuk after releasing initial pricing thoughts for the issue,…
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IPOs 'sluggish' in 2016, but appetite remains
The IPO market in the GCC has been hit by oil price volatility and the global economic slowdown, remaining sluggish…
QNB hackers' behind data breach at Sharjah bank
Hackers have leaked files online believed to contain data on thousands of customers of Sharjah-based Investbank UAE. The files…
Banks need to rethink about changes and challenges, says KPMG
Banks need to rethink their approach when it comes to changes and challenges in their customer and business strategies, KPMG's…
Gulf bourses diverge; Saudi real estate shares hit by land tax
Shares in the Middle East were mixed on Monday as some stocks advanced on positive news while Saudi Arabia's real…
UAE growth 'will pick up in medium term'
Economic growth in the UAE is expected to moderate in 2016 amid low oil prices, but will pick up over…
Emirates Islamic launches ‘Scan to Pay’ innovation on mobile banking app
Commenting on the new service, Faisal Aqil, Deputy CEO, Consumer Wealth Management, Emirates Islamic said, “Innovation is a key element…
Islamic finance's strong position
When first conceptualised in the 1950s and 1960s, it was envisioned that Islamic banks would take the form of a…
UAE cabinet approves creation of central Islamic finance authority
The United Arab Emirates' cabinet has approved the creation of a centralised sharia authority that will monitor and set standards…
Lamborghini Financial Services Launches in UAE
Lamborghini Financial Services has launched in the UAE, providing clients with the opportunity to fund their new Lamborghini through the…
Deutsche Bank Promotes Campili to Global Co-Head for Health Care
Deutsche Bank AG named Darren Campili as global co-head of health-care investment banking coverage, according to a spokeswoman for the…
Gupta Family Buys $30 Million Mansion in Dubai, City Press Says
The Gupta family, friends of South African President Jacob Zuma, bought a 445 million-rand ($30 million) residence in the Emirates…