Global warming poses risk to MENA
Middle East and North African countries are especially vulnerable to the impact of climate change, with 100 million people living…
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ITF CEO Says Turkey Will Be Future Hub For Islamic Finance
CEO of the International Islamic Trade Finance Corporation, Dr. Waleed al-Wohaib, told Daily Sabah that Turkey’s financial ‘pragmatism’ could help…
Burgan Bank successfully completes capital increase
Burgan Bank , Kuwait's second largest commercial bank by assets, announced today the successful completion of its capital increase through…
UAE corporates outperform GCC
Driven by higher earnings in banking and real estate sectors, the UAE market recorded corporate earnings surge of 33.5 per…
Islamic finance sector facing key challenges
Islamic financial institutions are experiencing a major phase of transformation, Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj has…
Q&A with Bank Hapoalim CEO Zion Kenan
It seems like Bank Hapoalim has been focusing lately on technology and innovation. What is the rationale behind this change?…
Saudi regulator suspends Deloitte from auditing listed companies
Saudi Arabia’s market regulator has suspended the local unit of accountancy firm Deloitte & Touche from doing auditing work for…
Conflict of interest claim over Canary Wharf bid
Another row has broken out in the battle to win control of London’s Canary Wharf. The Qatari-Canadian consortium that…
Fitch affirms ratings of five banks
Fitch Ratings has affirmed National Bank of Bahrain's and BBK's long-term Issuer Default Ratings at 'BBB'. Fitch has also…
International Islamic banking assets with commercial banks set to exceed US$778b in 2014
According to EY's World Islamic Banking Competitiveness Report 2014-15: Participation Banking 2.0, Islamic banking assets with commercial banks in…
Bank Sohar Receives Two Awards from International Finance Magazine (IFM), UK
At a glittering awards ceremony organized by International Finance Magazine (IFM) at the Jumeirah Carlton Tower in the United Kingdom,…
Kuwait's leading corporate law firm acts as Kuwait legal counsel to a consortium of international, regional and Kuwaiti banks associated in KUFPEC's USD 1 billion five-year term loan
ASAR - Al Ruwayeh & Partners (ASAR), Kuwait's leading corporate law firm, and one of the region's top tier firms,…