Egypt: Majority of banking assets held by five banks
Five banks acquired 59.6% of the total assets’ size of the Egyptian banking sector, in which 40 banks operate, according…
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GCC bond, sukuk markets improve; IPOs weak in Q1
The GCC bond and sukuk markets have improved in Q1 2016 compared to Q4 2015 irrespective of overall activity remaining…
UAE Cabinet approves Sharia authority launch
The UAE Cabinet on Sunday approved the launch of a new Sharia Authority, a national regulator to set standards for…
Top 11 companies add over AED 250 bn in Dubai Financial Market cap; Emirates NBD lead gainer
Led by banking major Emirates NBD (AED 45.57 billion), the top-11 most valued Dubai Financial Market -listed companies together added…
Shaping the future of fiduciary services in the Middle East
According to the 2015 World Wealth Report by Capgemini and RBC Wealth Management, while the Middle East and Africa recorded…
HSBC Middle East CEO Joins Saudi Government After Shakeup
Saudi Arabia named HSBC Holdings Plc Middle East and North Africa Chief Executive Officer Mohammad Al Tuwaijri deputy minister of…
Saudi Arabia replaces oil minister, central banker as part of plan to reduce dependency on oil
Saudi Arabia’s King Salman announced a government overhaul that saw the kingdom’s top central banker and longtime oil minister replaced…
Lawsuit accuses Middle East bank of stealing an Orange County entrepreneur's technology
Farooq Bajwa still lives comfortably, up in the hills of San Juan Capistrano in a French chateau-style mansion with views…
KFH bags ‘International Volume Growth Cross Border 2015’ award
Kuwait Finance House (KFH) has won the “International Volume Growth Cross Border 2015” award from MasterCard for demonstrating outstanding performance…
$155 million Murabahah for Ziraat Participation Bank
Bank ABC Islamic, Dubai Islamic Bank PJSC, HSBC and Warba Bank were appointed to arrange a one year Syndicated Murabaha…
Saudi will continue to support banks despite new law – Fitch
Saudi Arabia’s new draft law on the resolution of financial institutions – currently under review – is unlikely to curb…
Dubai Chamber opens international office in Maputo
· New office is 3rd in Africa and 5th internationally · Chamber delegation holds meetings on challenges and opportunities…