Omantel picks three banks for possible sukuk sale – leads
Oman Telecommunications Co has picked three banks to arrange investor meetings starting Monday ahead of a potential Islamic bond offering,…
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Islamic finance industry reached $2 trillion in 2014
Islamic services and products have seen significant growth over the recent years, said Dr. Abdulrahman Al Hamidy, Director-General and Chairman…
Dubai’s Sheikh Hamdan wins Endurance Cup
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, won the Dubai Endurance Cup at the weekend…
OMR80 million aviation leasing fund launched in Oman
A OMR80 million $208 million aviation leasing fund has been launched by Oman Brunei Asset Management, previously known as Oman…
UAE bank profits will struggle, says S&P
Profit growth at UAE banks is set to slow as deposits wither amid lower oil prices, says the ratings agency…
Wermuth Asset Management launches Green Gateway Fund 2
Wermuth Asset Management (WAM), specialising in impact investments, is launching another private equity fund, with a focus on European growth…
Choppy Waters for Deutsche Bank
One recent piece of banking news has had an electrifying effect in global financial circles. Saudi Arabia was said…
Hamad Buamim, President & CEO of Dubai Chamber of Commerce and Industry: Dubai has everything it needs
Even though the oil sector contributes only 2 percent to Dubai’s GDP, we have been wary about the effect of…
Free foreign currency fund transfers with Emirates Islamic
Emirates Islamic , one of the leading Islamic financial institutions in the UAE, today announced the launch of a promotion…
Banks in U.A.E. Seen Ready for Extended Slump After Drop in Oil
Banks in the United Arab Emirates are prepared for deteriorating conditions into next year as oil prices remain lower for…
Knesset panel okays Israel becoming member of Asian Development Bank
The Knesset Finance Committee on Monday approved a bill laying out terms for Israel becoming one of 57 founding members…
Turkish Central Bank Raises Maximum Forex Collateral Ratio
Turkey's central bank will next week increase the amount of foreign-denominated collateral banks can pledge against borrowing in the interbank…