Fosun withdraws plan to acquire Israeli insurer Phoenix Holdings
Fosun International, the Chinese conglomerate backed by billionaire Guo Guangchang, announced on Wednesday that it has abandoned efforts to acquire…
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QInvest announces the completion of the first mezzanine financing transaction in the Turkish alternative energy market
QInvest has provided a 5 year US$ 30 million murabaha mezzanine finance facility for Crescent Capital to fund its acquisition…
Al Hilal Bank Wins 10th Middle East Smart Government And City Customer Care Excellence Award
Al Hilal Bank won the 10th Middle East Smart Government and City Customer Care Excellence Award, presented by the Middle…
Barwa Bank wins ‘Best Retail Bank for 2015’ award from CPI Financial
Barwa Bank has celebrated its recognition by CPI Financial as the “Best Retail Bank for 2015” in a ceremony held…
Mideast banks play catch up in digitisation game
The Middle East’s banking sector has been slow to adopt deep, transformative digitisation that other international players have started to…
Middle East corporate banks: Digital laggards risk seeing profits drop by 15-30% compared to digital leaders
Today, globally, a growing number of corporate banks are expanding their digital offerings well beyond a basic Web presence. …
Islamic Finance Set Sights on Standard for Gold-Based Products
A top guideline-setting body for Islamic finance is developing a standard for gold-based products in the industry, a move that…
UAE money exchangers raise sector growth worries with central bank
Money exchange houses in the United Arab Emirates are holding talks with the central bank about planned new capital requirements,…
For UAE banks, it’s a time to look within
On all fronts, 2016 is set to be a challenging year for banks, both in the UAE and regionally. …
Egypt cancels key investment forum after 'investor reluctance': Report
Serious doubts have surfaced surrounding a large investment conference in Egypt, after reports emerged that the event was due to…
Barclays names Nataf banking head of Eastern Europe, Middle East
Barclays Plc has appointed David Nataf as its new banking head for Central and Eastern Europe, the Middle East and…
QNB First Bank in Qatar to Launch NCR Interactive Video Teller Technology
QNB, the leading Financial Institution in the Middle East and North Africa, becomes the first bank in Qatar to introduce…