Israel probes ‘millions of euros’ hidden in Switzerland
Israel is investigating whether nationals are evading taxes by hiding money in unreported accounts at Swiss banks including UBS AG…
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King Abdullah among most powerful people
Forbes magazine has ranked Custodian of the Two Holy Mosques King Abdullah as the most powerful person in the region,…
Tax data demand risk to bank secrecy
A leading banker warned Thursday that some of the proposed laws on the exchange of tax information could pose a…
Dubai's luxury homes market witnessed a decline in prices during the third quarter of 201
Dubai's luxury homes market witnessed a decline in prices during the third quarter of 2014, Knight Frank revealed on Tuesday.…
Former Barclays exec joins National Bank of Abu Dhabi
The National Bank of Abu Dhabi PJSC (NBAD) has appointed Suvrat Saigal as Managing Director and Head of Global Retail.…
Saudi SMEs poised for growth as kafala program gains pace
Saudi Arabia's Kafala loan guarantee program proves to be a vital conduit between banks and smaller businesses, a report recently…
Kazakh bank to comply with principles of Islamic finance – Baidaulet
In 2015, Kazakhstan's Zaman-Bank JSC will operate in accordance with the principles of Islamic finance, announced Chairman of the Islamic…
Forum explores Turkey’s growing Islamic finance sector
Domestic and international bankers convened at the IFN Turkey Forum 2014 in İstanbul on Thursday to discuss Turkey's growing Islamic…
Gulf nations focus on more investments in East Asia
The “East Asia push” of Gulf countries has become more intense this week with a number of announcements made that…
Saudi Arabia’s sovereign wealth fund sees 9 percent asset growth since January
Total assets of Saudi Arabia’s main sovereign wealth fund, SAMA Foreign Holdings (SAMA), have jumped 9 percent since January, allowing…
Lloyd’s appoints its first Country Manager in Dubai
Mark will head up Lloyd’s new operation in the Dubai International Financial Centre, managing the platform and supporting Managing Agents…
BLME releases comment on current state of Sukuk market
Despite 2014 not being a record year it has been a landmark year for the Sukuk markets and the Islamic…