DFSA Takes Action Against Hany Lotfy Awwad Abdelwahab
The Dubai Financial Services Authority has imposed a fine of USD 45,000 and a restriction, on Mr Hany Lotfy Awwad…
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Greater certainty about succession for non-Muslim residents of Dubai
Recent research has shown that the UK is the largest exporter of people in the EU, and the third largest…
Al Gosaibis make offer to end long legal battle
The Al Gosaibi family of Saudi Arabia has offered a peace deal to Maan Al Sanea, their bitter enemy for…
Emirates NBD Announces First Quarter 2015 Results
Emirates NBD, the largest bank in the UAE by Total Income and branch network, delivered a strong set of financial…
Saudi family agrees terms after biggest mideast default
Ahmad Hamad Algosaibi & Brothers Co. reached a deal with leading creditors to settle $5.9 billion of debt, taking the…
Some banks win, some lose in Dubai’s ‘Islamic economy’
Dubai’s drive to develop its Islamic finance sector is fueling growth of Shariah-compliant banking but the benefits are unevenly distributed,…
Dubai to slash business fines to enhance confidence among investors
The Government of Dubai announced on Tuesday that it would slash fines imposed on businesses in the emirate as part…
Malaysia and Saudi facing Iran’s rising finance power
With the easing of economic sanctions against Iran, the country is expected to unleash its enormous potential of Islamic finance…
Shariah Lenders Look Overseas For Growth
Islamic banks in the GCC will need to expand abroad to maintain their pace of growth in the future. …
Emad Al-Thaqeb: Warba Bank on the path for sustainable growth achieving 148% growth rate in 1st Q 2015
Warba Bank announced its financial results for the three -month period ended March 31, 2015, indicating strong growth across the…
Malta’s Minister explores investment climate in Oman
Dr Christian Cardona, Malta's minister for economy, investment and small business, yesterday (Tuesday) visited Oman's flagship Rusayl Industrial Estate, which…
S&P regional boss steers agency on steady course in uncertain climate
Stuart Anderson looks almost a new man. The head of Middle East business for the ratings agency Standard & Poor’s…