Arab billionaires' wealth hits $155bn
Despite plunging oil prices, the number of billionaires in the Arab world rose to 49 this year - four more…
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Saudi's Riyad Bank Q1 net profit rises 8.6 percent
Riyad Bank, Saudi Arabia's third-largest listed lender by assets, posted an 8.6 percent increase in its first-quarter net profit on…
The American banker at the heart of the Middle East's biggest financial scandal says he was treated like a slave
American banker Glenn Stewart amassed a fortune as “chief house slave” for one of Saudi Arabia’s billionaire Gosaibi family for…
Mobile wallets are the future
Middle East retail banks need to embrace future trends across technology, customers, competition and macro-economics. This was echoed by…
Iran Accord Gives Hope to World’s Largest Islamic Banking System
Few people likely are counting on a successful conclusion to Iran’s nuclear agreement more than the country’s bankers. Sanctions…
Menacorp tops Dubai Financial Market’s list of brokers for Q1 2015
Fathi Ben Grira, CEO, Menacorp, said: “Being ranked as the top broker at DFM for the first quarter of 2015…
Customers Say UAE Banks Are Not Good Enough
Banks in the UAE are not meeting customer expectations, according to a recent study by TNS, the world's largest custom…
Russia seeks UAE investments to boost its economy
As Russian economy shrinks due to sanctions and falling oil revenue, the country is seeking to strengthen its trade ties…
Islamic banks now finance infrastructure projects in Oman
Islamic banks, established three years ago, have begun financing a host of infrastructure projects in Oman, which in turn will…
IMF: Islamic finances grow in volume and importance
Investments made according to the Islamic tradition are growing in volume and becoming more important in Arab and Muslim countries.…
Mideast banks ‘need to embrace future retail trends’
Middle East retail banks will need to embrace future trends across technology, customers, competition and macro-economics, according to an expert.…
Turkish Minister of Finance Applauds Role of KFH-Turkey, its Expansions in Germany
During a meeting with Al-Nahedh and Uyan in Turkish-Arab Economic Forum Chief Executive Officer at Kuwait Finance House KFH…