Qatar likely to face fiscal deficit in 2016
The deterioration in Qatar’s fiscal position in financial year 2014-15 April-March on the back of the lower hydrocarbon prices was…
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Islamic Finance banks finding support in Turkey
Islamic Finance is growing more popular in less conventional countries and regions, such as Europe and Central Asia. In the…
Israeli stock exchange gets members' approval to become for-profit
The Tel Aviv Stock Exchange secured its members' approval on Thursday to turn into a for-profit body, a move aimed…
Bahrain Islamic Bank realizes 105% half yearly profit compared to last year
BisB has announced that it has realized BD 8.2 million as net income for the six month period ended 30…
Turkey Central Bank to Consider Shift to Single-Rate Policy
Turkey’s central bank is weighing a move to a simplified single-rate policy to boost confidence and attract more investment to…
Minister of State for Financial Affairs of UAE meets the Director General and Chairman of the AMF
The meeting between the two parties involved discussions about the means of strengthening bilateral ties and joint work between the…
KKR, Majid Al Futtaim Said to Weigh Bids for Abu Dhabi’s Dunia
KKR & Co. and Dubai’s Majid Al Futtaim Holding are among companies weighing a bid for Abu Dhabi consumer finance…
UAE Bonds Reap Benefits of Fuel Subsidy Halt
The yield on bonds of Abu Dhabi has decreased four basis points since 22 July OPEC’s third-biggest oil producer just…
Dubai Bank wants to sell its stake in BankIslami Pakistan: report
Dubai Bank PJSC wants to sell its shareholding in BankIslami Pakistan, a report in the local media said on Thursday.…
NBAD Reports 2nd Quarter 2015 Results
National Bank of Abu Dhabi reported net profits of AED 1.446 billion in 2Q'15, up 1% year-over-year and 2% sequentially.…
BisB announces net profit for H1 2015 of BHD 8.2 million
The Bank has reported for the three months ended 30 June 2015 net income of BHD 5.1 million compared to…
Dubai Islamic Bank targets 20 pct loan growth in 2015
Dubai Islamic Bank is targeting 20 percent loan growth in 2015, the lender's chief executive said on Wednesday. The…