HSBC's Saudi Division Made $42 Million Provisions to Pay Fines
HSBC Holdings Plc’s Saudi unit made provisions of 162 million riyals ($42 million) over the past two years to pay…
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Ithmaar Bank shareholders approve new group structure plans
Shareholders with Ithmaar Bank, an Islamic retail bank based in Bahrain, recently approved of the new group structure plans that…
Abu Dhabi developer reveals plans for UAE's largest aquarium
It will be built on 2.4km of waterside land in the Maqta area of the city under a musataha agreement…
Maxim Perlin joins Renaissance Capital as Head of MENA Trading
Mr. Perlin will report to Ahmed Badr, Chief Executive Officer, Renaissance Capital, MENA, and will work closely with teams in…
Libya asks UN to ease wealth fund sanctions
Libya on Thursday asked the UN Security Council to allow its sovereign wealth fund to manage accounts frozen under UN…
‘Oasis of Innovation in Islamic Economy’ digital portal launched
The International Centre of Islamic Economy headquartered at the Dubai Airport Freezone Authority officially launched today the digital portal of…
Northern Trust makes senior appointment for EMEA and APAC
Northern Trust has announced the appointment of Joseph Gillingwater as head of fixed income securities lending trading for Europe, Middle…
Deutsche Bank Needs More Than Qatar's Help
The support this week of a key shareholder should provide some cover for embattled Deutsche Bank Supervisory Board Chairman Paul…
Path Solution joins CIBAFI, the world renown General Council for Islamic Banks and Financial Institutions
Path Solutions is happy to announce that it has joined CIBAFI, the General Council for Islamic Banks and Financial Institutions…
Government of Iran issues Sukuk al Ijarah, banking relations normalising
The issue marks the first use by the Government of Iran of such bonds. Previously, in September 2015, another…
Schroders appoints Head of EMEA Marketing and creates new role to focus on digital ambitions
Schroders has announced the appointment of Courtney Waterman to the role of Head of EMEA Marketing and the internal appointment…
NBK to increase capital by 6.5pc
National Bank of Kuwait’s board of directors has agreed to increase the bank’s capital through a 6.5 per cent rights…