Abu Dhabi Islamic Bank Q2 net profit rises 10.5 pct, beats estimates
Abu Dhabi Islamic Bank on Wednesday posted a 10.5 percent rise in second-quarter net profit, beating analysts' estimates, as fee…
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Exclusive: After EU labelling, paper proposes banking steps on Israel
The European Union agreed this week to push ahead with labelling Israeli goods made in settlements in the occupied West…
Morocco to introduce Islamic banking framework
Regional banks are looking to capitalise on Morocco’s plans to introduce Islamic banking also known as participation banking services in…
UBS boosts Middle East investment banking team with Citigroup hire
UBS Group AG hired Citigroup Inc. banker Jad Damaj in Dubai to bolster its Middle East investment bank business. …
Saudi Arabian sovereign wealth fund eyes big return on Russia investments
The Saudi Arabia Public Investment Fund is investing $10 billion in Russia, and will create a partnership with the Russian…
Kuveyt Turk subsidiary opens for Islamic business in Frankfurt
Kuveyt Türk opened a representative office in Germany back in 2004 and received a partial banking licence in 2010. The…
Union National Bank records first-half 2015 profit of AED 1,186 million, up by 15%
Union National Bank, one of the leading banks based in the United Arab Emirates, recorded a strong increase in profit…
European court rules against another Turkish bank seizure
In its ruling, the court held that, amidst the 2001 banking crisis, both the seizure of Demirbank and its sell…
New report explores the Egypts cards and payments industry forecasts for 2014 up to 2018
Detailed analysis of the marketing strategies adopted for selling debit, credit and prepaid cards used by banks and other institutions…
Regulatory Changes Cause A Shakeout In Gulf Islamic Insurance Markets, Says Report
The Gulf states have experienced massive regulatory change with respect to insurance over the past 12 months. Recent measures…
Turkish Banks Consolidate As Greek Banks Flounder
ING Groep was entering talks to acquire HSBC Holdings (HSBC) operations in Turkey, a recent Financial Times story notes. …
Barclays considers DPA agreement with Serious Fraud Office over Qatar dealings
The Serious Fraud Office has presented the bank with a deferred prosecution agreement. If Barclays accepts the deal it…