Foreign investments in GCC slumps by 14.6 in 2013 — report
The foreign direct investment (FDI) in the Gulf Cooperation Council (GCC) states dropped by 14.6 percent in 2014, said Tuesday…
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Venture Capital Bank reports 84% increase in net profit
Bahrain-based Islamic investment bank, Venture Capital Bank BSC, reported a net profit of US$ 15 million for the year ended…
UAE banks’ practices are unfair and unethical
There is a serious misuse of the law that has been going on in the UAE, one that has not…
The new “bright spot” in investment banking recruitment
‘Richard’ had been working as a senior coverage banker in Dubai for over ten years, rising to managing director for…
Union National Bank signs Bancassurance Partnership with Orient Insurance PJSC
This marks the partnership of two leading brands in Banking and Life Insurance to provide world-class savings, protection plans and…
Al Baraka and World Bank to begin research on risk-management challenges facing Islamic banking
Mr. Abayomi Alawode, Head of Islamic Finance at the World Bank Al Baraka Banking Group has announced its collaboration with…
Qatar royal family said to be bidding for the Gherkin
Qatar’s ruling Al Thani family is reportedly in talks to buy London's Gherkin tower and a massive Frankfurt Airport office…
Evolution of Luxury: New Affluent Seek Rich Experiences over Material Wealth
The affluent in Asia/Pacific, Middle East & Africa (APMEA) are increasingly seeking out rich experiences over ownership of opulent material…
Islamic economy opens new horizon
This was disclosed in a report prepared by Dubai Islamic Economy Development Centre (DIEDC) in partnership with Thomson Reuters and…
Dubai: pretender to the Shari’a finance crown
Since its establishment as a viable financial market in the 1980s, the Islamic finance industry has experienced staggering growth. In…
Gülenist Bank Claimed To Be Involved In 'Insider Trading'
Bank Asya, which is known for its close ties to the Gülen Movement whose followers have engaged in a campaign…
HDFC Bank's DIFC branch to target high networth non-resident Indians
HDFC Bank Ltd, India’s second-largest private sector lender, announced on Monday the opening of its third overseas branch at Dubai…