Abu Dhabi Islamic Bank rights offer to begin Aug. 23
Abu Dhabi Islamic Bank's (ADIB) 504 million dirham ($137.2 million) rights offer will begin on Aug. 23, after shareholders approved…
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Al Hilal Bank announces appointment of new Board of Directors
Al Hilal Bank announced today the appointment of a new Board of Directors under the Chairmanship of Mohamed Abdullah Al…
Bahraini insurer ARIG plans full ownership of Takaful Re
ARIG is discussions to buy the remaining 46 percent of shares it doesn't already own in Takaful Re ,subject to…
Iran could be next big thing for frontier market investors
Every so often, an investment opportunity appears which seems too good to be true. Whether Iran, the second-largest economy…
Doha, Dubai most expensive Middle Eastern cities for expats
Qatari capital Doha has been ranked as the most expensive city in the Middle East and the 12th priciest worldwide…
Petrochem lifts Saudi market; Tadawul gains 0.5%
Most major Middle East stock markets rose on Wednesday on positive second-quarter earnings and news that the UAE would cut…
Global trends in luxury spending
Americans are still king when it comes to luxury spending. In 2014, they spent more on luxury goods than consumers…
CBD's H1 net profit rises 5%
Commercial Bank of Dubai, or CBD, recorded five per cent rise in net profit to Dh609.8 million for the first…
Rise in commissions and fees boost Abu Dhabi Islamic Bank profit
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, posted a 10.5 per cent increase in second-quarter net…
Al-Nahedh: "KT Bank AG" Paradigm Shift in KFH-Group Expansions, Opens New Promising Horizons
" KFH expansion in the global markets is a step further in our ambitious strategy to lead global development of…
Bank credit grows 9.6 per cent to OMR17.45b, says central bank
Oman’s conventional banks have achieved a robust 9.64 per cent credit growth at OMR17.45 billion for the first five months…
Islamic Finance System In Turkey
The Islamic finance system has arisen due to various religious and economical reasons and, in general, it is a system…