Where's the wealth? Nearly half of Middle East's ultra wealthy live in Saudi or UAE
There are nearly 6,000 ultra high net worth individuals in the Middle East with a combined net worth of $995…
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Middle East, Africa to drive banking sector growth
Globally, emerging markets are enduring pressures which are prompting a review of original gross domestic product forecasts. Despite this,…
HSBC Bank Oman Empowers Female Omani Entrepreneurs
As part of its commitment to support Small and Medium Enterprises in the Sultanate, HSBC Bank Oman S.A.O.G., in partnership…
National Bank of Kuwait gets c.bank assent for capital-boosting bond
National Bank of Kuwait has received central bank approval to issue capital-boosting bonds worth up to 125 million dinars ($413.6…
Khaleeji Commercial Bank Launches New, Comprehensive E-Banking Services
Khaleeji Commercial Bank, one of Bahrain's leading Islamic retail banks, recently announced the launch of its new E-Banking Services with…
British expats in Dubai, Qatar sign up for UK buy-to-let mortgages
Skipton International, which is based in Guernsey, the Channel Islands, has completed the 200th buy-to-let mortgage for British expats, with…
Oman to open subscriptions for first sovereign sukuk
Oman will open subscriptions on Thursday for its first sovereign issue of Islamic bonds, taking a major step to develop…
QIIB bags ‘STP Awards for cash management and trade for 2014’ from Commerzbank
Leading Islamic bank QIIB has won the ‘STP Awards for cash management and trade for 2014’ instituted by Commerzbank.…
DIB to raise its stake in Indonesian lender to 40%
Dubai Islamic Bank PJSC (DIB) on Saturday said it has received formal approval from the Financial Services Authority, Indonesia (OJK)…
Ultra Wealthy In United Arab Emirates Control US$255 Billion Of Private Wealth
There are 1,275 ultra wealthy individuals in the United Arab Emirates (UAE), representing 20% of the total ultra wealthy population…
Leading UAE law firm expands team with K&L Gates hire
Leading UAE law firm Baker & McKenzie Habib Al Mulla has appointed Omar Momany as a partner, further strengthening its…
New Chief Executive Officer at ICIEC
The Board of Directors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Member of…