UAE firm sues Korea over taxation
A state-run United Arab Emirates (UAE) company and its Dutch subsidiary filed a request for arbitration Thursday, seeking compensation from…
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Al Baraka Banking Group announces $69 million net profit for first quarter of 2015
The Bahrain based leading Islamic banking group, Al Baraka Banking Group BSC announced a net profit of $69 million for…
Oman Insurance Company appoints new CEO
Oman Insurance Company has announced the appointment of Christos Adamantiadis as Chief Executive Office to replace Patrick Choffel who ends…
BIBF-DinarStandard to launch key programme
Bahrain Institute of Banking and Finance (BIBF), in partnership with DinarStandard, is launching the world's first training programme on the…
Global growth in 2015 – it’s complicated by Marios Maratheftis, Standard Chartered
The world economy is set to improve this year, but the path to more sustainable growth won’t be straightforward If…
IILM Re-Issues 3 Month Sukuk
Short term Sukuk rated A-1 by Standard and Poor’s Rating Services have been issued by the International Islamic Liquidity Management.…
Charted: Here’s where you find the richest people in the Middle East
What’s the first thing that comes to mind when you think about the Middle East? Crisis is probably up there.…
China eyes Sharjah to boost trade
Having identified the UAE as an important partner, China is looking at engaging individual emirates to boost its economic and…
Saudi central bank insists economy can manage oil price slump
The Saudi central bank, the Saudi Arabian Monetary Agency (SAMA), has announced that the recent slump in oil prices had…
How islamic finance can achieve its potential
What do the Olympic Village in London and the Burj Khalifa in Dubai have in common? The answer is Islamic…
Al Khaliji receives award for ‘best credit card design’
Al Khalij Commercial Bank has received an accolade for “best credit card design” at the 2015 Arab Banks Awards &…
Islamic banking sector worth $16bn
In Egypt, Islamic banking represents a sizeable piece of the overall pie, with about 20% of total bank accounts held…