Oman's Bank Dhofar sets price, ratio for 45 mln rial rights issue
Oman's Bank Dhofar, the sultanate's second-largest lender by assets, has set the share price and the subscription ratio for its…
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Saudi firms tighten controls in wake of Mobily scandal
When Saudi Cable Co said last month it was delaying the release of its 2014 earnings statement, because it was…
Bahrain said to need $400m to finish major stalled projects
A study carried out by the Bahrain Chamber of Commerce and Industry (BCCI) found that it would cost between $350…
Qatar's economy grows more than 6% in 2014
Qatar's economy grew by more than six percent in 2014, official figures showed, driven by spending on huge construction projects…
The race to serve bank customers’ digital needs
When Bain & Company surveyed 83,000 customers in 22 countries recently, we found that more than one-third of them bought…
GCC banks set the pace despite falling price of oil
Banks in the Arabian Gulf have been outperforming international counterparts in terms of revenues and profitability, and despite the drop…
Issuance and listings of sukuk expected to surge
Based on the size of the Islamic finance industry, its composition, and its growth trajectory, Standard & Poor’s estimate the…
Turkey Is Eligible to be a Significant Hub Between Europe and GCC
Chief Executive Officer, KFH , Mr. Mazen Al-Nahedh has stressed on the significance developing Islamic finance in the Turkish market…
UAE Joins AIIB as Prospective Founding Member
The United Arab Emirates became a prospective founding member of the Asian Infrastructure Investment Bank, an initiative proposed by Chinese…
CBK Records 108.7% Rise In 2014 Net Profit
The following is a message from Ali Mousa Al-Mousa, Chairman of Commercial Bank on Kuwait (CBK). In the name…
Legal Dispute comes to London Trial
Email Hacking, corruption, conspiracy, whistle blowing websites are words not often associated with Islamic finance, but a case being heard…
Software AG named ‘Leader’ in portfolio management tools
Software AG announced on Wednesday that Forrester Research Inc., a leading industry analyst firm, has named Software AG a ‘Leader’…