Tajik lender plans switch to Islamic banking as new rules arrive
Tajik lender Bonki Rushdi Tojikiston will convert operations to become a full-fledged Islamic bank, after it signed an agreement with…
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FGB forges new corporate alliance with the Association of Certified Fraud Examiners
FGB has established a new corporate alliance withthe Association of Certified Fraud Examiners (ACFE). The ACFE is the world's largest…
The Abraaj Group invests in Auvest MENASA Opportunities Fund
The Abraaj Group has announced its commitment of US$ 30 million to the Auvest MENASA Opportunities Fund I L.P. …
DFSA Fines United Investment Bank Limited
The Dubai Financial Services Authority has imposed a fine of USD 56,000 (AED 205,800) on United Investment Bank Limited.…
2015 saw a reversal in optimism witnessed in 2014 as the oil price slide began to impact the market
The first quarter of 2015 showed dampening optimism and lower IPO appetite for the Gulf Cooperation Council countries as a…
Top performing MENA fund reopened as Lux vehicle
One of the top-performing Middle East & North African equity funds has switched to a Luxembourg domicile to increase access…
Islamic commodity trading getting a boost
Islamic commodity trading has become more popular in the financial world as of late because an accord seems to have…
Standard Chartered turmoil in Middle East offers opportunities for local banks
Nowhere, perhaps, is the turmoil at Standard Chartered more evident than in the Middle East, as an exodus of top…
Israel's First International Bank Q1 profit up 5 pct
First International Bank of Israel (FIBI), the country's fifth-largest bank, reported a 5 percent rise in first-quarter net profit on…
Islamic asset managers 'need to boost services'
Almost 70 per cent of Middle Eastern wealth is transferred overseas, an expert has warned. To attract this wealth, Islamic…
World energy investment to hit $40.2 trillion by 2035
The International Energy Administration has said that the global investment in energy supply would reach $40.2 trillion between 2014 and…
Banque Saudi Fransi’s mobile application receives top award
Banque Saudi Fransi’s mobile banking application (FransiMobile) has been awarded Best Application User Interface from BMA in Saudi Arabia for…