Dubai sovereign wealth fund sees profits surge 62%
Investment Corporation of Dubai (ICD), the emirate’s sovereign wealth fund has reported increased profits of $7.75 billion (AED28.5 billion) for…
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Ex-Deutsche Banker Goes Solo With Abu Dhabi Sheikh’s Backing
A former Deutsche Bank AG banker is starting a Middle East-focused private-equity and advisory firm backed by an Abu Dhabi…
Egyptian Takaful Non-life eyes opening New Branch in Eastern Cairo
The new branch is probably to be in Maadi or 6th of October City, Arfeen added. He asserted that…
New Era For Bahrain’s Investcorp Bank
Investcorp Bank, the Bahrain money manager whose founder is stepping down after three decades, is planning to rebuild its hedge…
EY promotes 753 new partners worldwide
EY today announced the promotion of 753 of its people to partner, its largest increase since 2008 and a 12%…
Qatar Islamic Bank raises 2 billion riyals with Tier 1 sukuk
The sale was completed on Tuesday and was in accordance with Basel III banking rules,it said in a statement to…
Islamic Management and Governance Centre to be set up in Dubai
The Department of Economic Development in Dubai and the Institute of Corporate Governance Hawkamah, a subsidiary of the Dubai International…
Oman's Bank Sohar, Bank Dhofar plan due diligence on proposed merger
Oman's Bank Sohar and Bank Dhofar have entered into a non-binding agreement on a proposed merger, the two lenders said…
Public perception of Israeli banks is not accurate
Governor of the Bank of Israel Karnit Flug says Israeli banks' profits are not excessive. "I know that some…
CBI appoints new Head of Islamic Banking
Commercial Bank International (CBI) has announced the appointment of Mamoon Abdel Kader as its new Head of Islamic Banking. Mark…
Abu Dhabi financial zone to offer zero-tax environment for 50 years
Abu Dhabi Global Market, a financial free zone, has issued draft financial services rules, which includes the financial services and…
Arab-U.S. bank relations suffer despite good governance
Some Arab banks are facing difficulties in dealing with U.S. banks despite having fulfilled all international requirements on supervision and…