Islamic finance seen to drive SME growth & Islamic trade
In an insightful, often self-critical and highly optimistic debate on the role of Islamic finance in enabling trade, high ranking…
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Emirates NBD AM assets double in 2 years
Dubai-based Emirates NBD Asset Management (Emirates NBD AM) said assets under management (AuM) have doubled in nearly two years to…
Middle East Sovereigns Accelerate Push To Alternatives
Every Middle Eastern sovereign wealth fund plans to increase its exposure to real estate in the year ahead and most…
Commercial Bank of Qatar increases profit for nine months by 19 per cent
Commercial Bank of Qatar and its subsidiaries and associates announced a net profit of QAR 1,553 million for the first…
Arab Banking Corporation announces 11 per cent increase in 9M 2014 net profit to $197 Million
Arab Banking Corporation today announced that its consolidated Group net profit for the first nine months of 2014 was $197…
Bank Muscat posts OMR 126.73 million profit for 9M 2014
Bank Muscat has announced the Q3 financial results, approved by the board of directors. The bank posted a net…
Next stop for the yuan's global journey: Canada, Middle East
Even as China quickly expands the use of its currency to financial hubs in Asia and Europe this year,…
Maisarah enhances Partnership With Ethica Institute In Dubai
Maisarah Islamic Banking Services, announced enhancement of its partnership with Ethica Institute. Maisarah, a pioneer in providing customers with Sharia’a-compliant…
Kuwait’s Burgan Bank Gets Regulator Approval For $74.8m Rights Issue
Burgan Bank, Kuwait’s third-largest lender by assets, has received regulatory approval to launch a KD21.6 million rights issue by the…
Wealth growth in the GCC has outpaced global growth since 2000
The Credit Suisse Research Institute today released its fifth annual Global Wealth Report, which finds that from mid-2013 to mid-2014…
SGX's chief regulatory officer leaving to join Abu Dhabi Global Market (Amended)
SINGAPORE Exchange (SGX) chief regulatory officer Richard Teng has resigned, less than a year after being promoted, to become chief…
Saudi Arabia’s Kingdom Holding Q3 Net Profit Rises 20.5%
Saudi Arabia’s Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 20.5 per cent rise…