Saudi businesses need to prepare for new financial reporting standards
The completion of two major projects to update financial reporting will mean challenges for users of International Financial Reporting Standards…
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Deloitte: Growth potential for Islamic Sukuk financing in Europe
The gap between the spending needs of developing countries and the pressure on financial institutions to carefully monitor their credit…
Turkey's Sekerbank gets USD 115m for green energy, SMEs lending
Sekerbank of Turkey has secured a USD-115-million EUR 105.1m multi-currency syndicated loan facility, part of which will go for green…
IIFM announces new standards to develop Islamic finance
A leading expert called on the Islamic finance industry to expand the range of Islamic products, develop IT solutions, establish…
Turkey establishes interest-free finance board
The Prime Ministry's circular on establishing an Interest-Free Finance Coordination Board has been published in the Official Bulletin. …
UNB wins International Diamond Prize for Excellence in Quality 2015
UNB has won the prestigious 2015 International Diamond Prize for Excellence in Quality presented by the European Society for Quality…
Three Gulf Arab states raise rates, others to follow as currencies pressured
Three Gulf Arab states raised interest rates within half an hour of the U.S. Federal Reserve’s decision to do so…
Byblos Bank: First Lebanese bank in Sulaymaniyah
Byblos Bank inaugurated its fourth branch in Iraq and the first for a Lebanese bank in the City of Sulaymaniyah,…
Noor Bank Wins Consecutive Awards from Global Banking and Finance Review
Noor Bank has been named 'Best Bank for Home Finance UAE 2015' as well as 'Best Bank for Priority Banking…
Gulf Finance Corporation names new chairman
Gulf Finance Corporation Saudi Arabia has announced the appointment of Thamer A. Jan as Chairman of the Board of Directors.…
Dubai Islamic Bank Group CEO recognized as the leading avant-garde visionary at the 2015 Indian Innovator Awards
Dr. Adnan Chilwan, Group Chief Executive Officer of Dubai Islamic Bank, has received the accolade for "Banking Innovation" at the…
Deutsche Bank Sees Record Year for Its Saudi Arabian Unit
Deutsche Bank AG expects its best-ever performance in Saudi Arabia this year even as oil slumps and the country’s economic…